Overview of Fundraisings of the Week
Thirdverse raises $15M for Web3 and VR game studio
Onomy Protocol Announces $10M Round On Eve of Protocol Launch
Across Protocol Raises $10M from Private Token Sale
t3rn Has Raised $6.5 Million From Investors Led by Polychain Capital
NFT Utility Platform Tropee Raises €5M in Seed Round Led by Tioga Capital
Carv valued at $40M as investors race to back web3 identity builders
Nucleo Raises $4 Million Seed Round to Build Privacy Crypto Infrastructure for Organizations
XDAO closes $2.3 million seed round
DEFYCA raises $1.3M in seed funding to build the next generation of decentralized capital markets
Vezgo Raises $750K in Pre-Seed Funding
DeFi
Weekly TVL
Gross: ⬆️$41.2B
Top 3 Apps: MakerDAO ⬆️($6.55B), Lido ⬆️($5.69B), AAVE ⬇️($3.65B)
Top 3 Chains: ETH ⬇️($23.51B), BSC ⬆️($5.39B), TRON ⬆️($4.27B)
Top 7D Change 📈: Peer-to-peer layer on top of lending pools- Morpho (+34.24%, $152.51m)
DeFi News
[Volmex V2 Live on Polygon] Volmex Finance launches volatility tokens V2 and AMM on Polygon, allowing users to trade BVIV & EVIV index as tokens. The two indices measure the 30-day implied volatility of Bitcoin and Ethereum respectively. The index tokens can be traded for hedging and/or speculating.
[Celer to Integrate Sei] Bridging protocol Celer will partners with Sei blockchain, a DeFi-focused L1, and integrate Celer cBridge and Interchain Messaging framework into Sei’s ecosystem.
[Vertex Live on Arbitrum Testnet] Cross-margined DEX Vertex is now live on Arbitrum One testnet, allowing users to test and trade spots/perps with better capital efficiency & CEX-like execution speed.
NFT
Top 10 Collections by Weekly Volume
[ETH] Bored Ape Yacht Club
Average Price: $94.93k (+21.87%)
Volume: $11.48M (+14.32%)
Sales: 121 (-6.2%)
[ETH] Mutant Ape Yacht Club
Average Price: $16.27k (+14.94%)
Volume: $5.07M (11.02%)
Sales: 312 (-3.41%)
[ETH] Valhalla
Average Price: $841.53 (NEW)
Volume: $4.48M (NEW)
Sales: 5,334 (NEW)
[ETH] CryptoPunks
Average Price: $94.52k (+6.85%)
Volume: $4.06M (-23.42%)
Sales: 43 (-28.33%)
[IMX] Gods Unchained
Average Price: $19.15 (+34.35%)
Volume: $4.03M (+13.03%)
Sales: 105,456 (-3.08%)
[ETH] Cel Mates Crime Reports
Average Price: $705.43 (NEW)
Volume: $2.61M (NEW)
Sales: 3,709 (NEW)
[ETH] Otherdeed for Otherside
Average Price: $2.52k (+19.71%)
Volume: $2.31M (-48.80%)
Sales: 917 (-57.23%)
[SOL] Y00ts
Average Price: $1.95k (+13.06%)
Volume: $1.91M (-44.07%)
Sales: 979 (-50.53%)
[ETH] Bored Ape Kennel Club
Average Price: $7.24k (+31.05%)
Volume: $1.76M (+270.27%)
Sales: 243 (+182.56%)
[SOL] DeGods
Average Price: $4.45k (+18.50%)
Volume: $1.56M (-3.55%)
Sales: 350 (-18.60%)
Top News of the Week
Nov. 24, Australian Open launches NFTs. “Those who purchased Australian Open ArtBall NFTs in 2022 will be rewarded with a seven-day ground pass for week two of the 2023 season — and a slew of other benefits.” [Source: Forbes Australia]
Nov. 24, ApeCoin DAO launches NFT marketplace. “The custom marketplace includes unique features built specifically for the BAYC and Otherside communities, including ApeCoin staking and NFT metadata integrations.” [Source: Twitter]
Nov. 24, Zora announces ‘Zora Drops’. “Zora Drops is a tool that allows anyone to create their own video, audio, or image NFT drop, complete with images and metadata for every token in the collection.” [Source: NFT Evening]
Nov. 23, Aegis Trust offers $25M insurance policy for NFTs. “The policy, provided by insurance marketplace Lloyd’s of London, will protect institutional investors’ NFTs.” [Source: CoinDesk]
Nov. 23, Reebok joins Adidas and Nike in the metaverse with NFT. “The company has filed 2 applications to trademark its name for: NFT-back media; virtual footwear, headwear, sports equipment; retail stores with virtual goods; online marketplaces for NFT-backed goods“ [Source: Twitter]
Nov. 23, Rockstar Games bans NFTs. “Rockstar Games updated its website to stipulate that fan-operated servers for Grand Theft Auto V can no longer utilize cryptocurrencies or crypto assets, specifically NFTs.” [Source: Decrypt]
Nov. 22, Magic Eden launches support for Polygon. “The entry into Polygon is motivated by reasons including onboard more global brands and new users onto NFTs; continue to bring web3 games to the masses with Polygon; continue to build the cross-chain vision.” [Source: Magic Eden]
Nov. 22, The Sandbox launches third LAND sale. “The LAND sale includes 1,900+ LANDs; 3 waves; 14+ partners, brands, celebrities, and studios such as Snoop Dogg, Paris Hilton, Tony Hawk, and Playboy.” [Source: Twitter]
Nov. 21, Mattel launches NFT marketplace. “The NFT marketplace featuring Hot Wheels has launched on Mattel Creations, the company’s collector and direct-to-consumer platform.” [Source: Mattel]
GameFi & Metaverse
[Insert Stonks raises over PLN 2.5M in a pre-seed round] Poland-based Insert Stonks has announced the completion of a pre-seed round with PLN 2.5 million ($500,000) in investments. FunFair Ventures, a UK-based venture capital firm that supports and invests in early-stage projects using blockchain technology, led the funding round. The company is working on a game monetization infrastructure based on Web3.
[Filipina actress raises $2m for startups PEG, BrandNation] Yassi Pressman is launching her startups — PEG and BrandNation — after raising $2 million in seed funding. Funding from the seed round that was led by Sonla, a cryptocurrency exchange, will be used to drive the deployment of the proprietary PEGFi interoperable and integrated digital financial infrastructure offering to its target GameFi and Web 3.0 market participants.
[Fenix Games raises $150M for blockchain game publishing] Fenix Games has raised $150 million to create a new kind of publisher for blockchain gaming. The idea is to create a publisher and platform company that plays a key role in bringing blockchain games to market. Fenix Games plans to acquire, invest and publish both existing games and blockchain games of the future. The investors include Phoenix Group and Cypher Capital.
[Levana GameFi ecosystem is getting separated from the DeFi offering] Levana originally launched in August 2021 and had the main goal of building two leverage projects on Terra at the time, Leveraged Index Tokens and Perps. Levana is facing a crypto winter, and they are separating their GameFi division from their DeFi offering. The goal of their GameFi sector is to have a community-owned, decentralized GameFi platform, as well as other products.
[Star Atlas GameFi announces mega-sale of multimillion-dollar ‘Titan’ ships] Star Atlas plans four sales to end 2022 after being impacted by the FTX collapse. The Titan Ships Sales event is part of a series of four $USDC-only sales to conclude 2022. The Titan mint involves creating and selling nine ships, with three units allocated to each of the game’s three major factions. In the future, the total number of Titan ships will expand to 18.
[Nike the latest fashion icon to step into the metaverse with new virtual trading platform] Fashion giant Nike has announced it is creating its very own space in the metaverse with the launch of a digital trading platform. Named after Nike’s iconic logo, the platform will be called .Swoosh, where users will be able to “collect, trade, and flex” virtual Nike products. Nike will release its first collection of products soon.
[South African retailer joins the metaverse] As part of its annual Black Friday promotion, mass retailer Game becomes the first retailer of its kind in SA to join the metaverse — through a Game-branded Roblox game. The Black Friday Game mixes South African culture and the fantastical in a challenge to race around a downtown city neighborhood.
DAO
[Russian President Vladimir Putin calls for international settlement on Blockchain] The Russian-Ukraine war has caused Russia to be sanctioned by SWIFT, Putin addressed this issue at a conference held by Sberbank, and he emphasized that the world needs an international settlement system that is independent of middlemen and third party interference, which could be achieved by blockchain.
[SushiSwap drafted the new tokenomics] The Head Chef, Jared Grey announced on Twitter that the new tokenomics for SushiSwap is drafted, and will be released in 2–3 weeks for public discussion.
[Solana gives full transparency to the public on how it was affected by FTX crash] Solana Foundation has given the community a report to evaluate their exposure to FTX/Alameda crash, Serum, and other DeFi protocol‘s status also being evaluated. The exposure is mostly Foundation’s assets deposited on FTX, totaled to about $180M.
[Binance Recovery fund attracted big industry players] After the collapse of FTX, Binance organized a Recovery fund and committed $1 Billion dollars to revive the industry. So far Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, and Kronos together made a commitment of $50M. Justin Sun and TronDAO also lined up to contribute to the fund.
[Consensys updated privacy policy ] The updated Privacy policy claimed that when Metamask users use Infura as the default RPC provider, users’ IP address and Ethereum wallet address will be collected by Infura. Later Joseph Lubin, Co-founder of Consensys, clarified that Infura needs an IP address to route responses between applications and users, and Infura will not exploit users' data.
Regulation & Adoption
- Nov 21(🇺🇸) A DAO in the US will be officially the first one to fight the SEC without attorneys.
- Nov 22 (🇭🇰) Alameda research withdrew 204M USD, ahead of the bankruptcy filing, as Arkham Intelligence has stated.
- Nov 23 (🇸🇻) Bitcoin Bonds have been introduced in El Salvador, planning to raise 1 USD Billion.
- Nov 27 (🇦🇪🌍) Fenix Games raises 150M USD to support the “next-generation blockchain gaming”.
- Nov 27 (🌍) BTC Mining revenue is the lowest in two years, while the hash rate is on the decline.
Macro
- EUR/USD moves towards monthly high.
- EU Postpones talks on Russian oil price cap.
- Japanese Industrial activity shrinks to the lowest in 2 years.
- New Zealand delivers a record rate hike, raising the official cash rate by 75 bps to 4.25%.
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