Overview of Fundraisings of the Week
Unizen ‘CeDeFi’ smart exchange secures $200M investment from GEM
Entrepreneur First raises $158M at a $560M valuation, adding Stripe’s Collison brothers to its list of backers
Fintech Firm PolySign Raises $53M to Expand Staff
Crypto Data Firm Kaiko Raises $53M, Defying Bear Market
CoinFLEX Halted Crypto Withdrawals. Now It Wants to Sell Its Bad Debt
Flowdesk bags $30m in Series A funding round
UK green supply chain startup Circulor raises $25mln for US expansion
NBA Invests in Celebrity-Backed Kids’ Social Network Zigazoo
Mona raises $14.6M for metaverse platform for creators
Soba raises $13.5M for no-code game tools for creators
https://venturebeat.com/2022/06/29/soba-raises-13-5m-for-no-code-game-tools-for-creators/
Fundraising Trend Since the Beginning of the Year
DeFi
Weekly TVL
Gross: ⬇️$73.71B
Top 3 Apps: MakerDAO ⬇️($7.63B), AAVE ⬇️($6.15B), Curve ⬇️($5.01B)
Top 3 Chains: ETH ⬇️($45.95B), BSC ⬆️($6.1B), TRON ⬆️($4.8B)
Top 7D Change 📈: Trade crypto assets with market-leading liquidity- DODO (+48.71%, $146.45m)
DeFi News
[Maker to Buy Treasury Bond] The Maker community finished a poll on how to allocate assets in a 500m DAI vault. Allocation options include US Short Treasury, IG Corp Bond, Gov Bond, etc. and the poll result shows the community preference of deploying 100% to US Short Treasury.
[Compound V3 Coming] The Compound devs released a code repository of ‘comet’, aka. V3 of Compound. The new version will bring changes to risk management and capital efficiency, and the protocol can be deployed and run on all EVM-compatible chains.
[Aptos Grant Program] The Aptos project announces a grant program to support developments on the ecosystem. Aptos is an L1 with a focus on safety and scalability, built by former Meta employees and will be launching by the end of September.
NFT
7D SALES: $122,945,536
7D CHANGE IN SALES: -21.07%
7D NUMBER OF SALES: 1,066,608
NFT News
Jun. 30, Nansen starts tracking Solana NFT data.
Jul. 1, Meta starts testing NFT integration on Facebook.
Jul. 2, Fantasy football NFT platform Sorare signs PSG’s Kylian Mbappé.
Jul. 30, NFT marketplace OpenSea falls victim to a data breach.
Gamefi & Metaverse
[Sandbox Deployed Land to Polygon] The Sandbox, an open-world sandbox game developed by the game studio Pixowl, has announced the deployment of land to Polygon through a Polygon Bridge. The purpose behind this deployment is to increase interoperability between the Polygon and Ethereum blockchains. There will be an upcoming launch of Land sales and Land staking on Polygon.
[MyNeighborAlice Reschedules Land Sale for the Third Quarter] MyNeighborAlice, a popular blockchain game inspired by games such as Animal Crossing and Minecraft, was expected to hold a token sale at some point in the second quarter of this year and sell its land tokens. However, according to the project’s recent announcement, the sale will be postponed to Q3 2022. The project did not provide a specific reason for the delay.
[P2E.Game is Launching a Web3 Platform that Integrates SocialFi, GameFi, and NFT] In early 2022, P2E.Game was launched by a group of blockchain-based Game enthusiasts and NFT collectors and introduced one-stop GameFi and NFT information aggregator. After six months development, P2E.Game was officially launched with four sections, Launchpad, Game Library, NFT Aggregator, and News, providing the most comprehensive knowledge about IDO/IGO and presenting the game strategies that players find most helpful.
[APP Chain Game MosaicFantasty Opens a New Craze of Gamefi Track] MosaicFantasy is a decentralized 3A level strategy light card APP game, the technical underlay supports cross-chain and is compatible with zk-snarks. APP is embedded with a wallet interface with access to Google Play and App store to achieve the diversion of players from Web2 to Web3. It combines the rich playability of traditional games with the economic model of P2E.
[Himo World Announces Open Beta of PvP Strategy Game] Himo World, an NFT-based strategy game developed by Kaofox Corp, has announced its open beta launch. The free-to-play release incorporates features that have elevated GameFi into the most innovative gaming vertical in the world. Powered by BNB Chain, Himo World utilizes a Create-to-Earn and Compete-to-Earn model that rewards players for the time they put in.
[Jockey Club INO will be released on June 26th] Jockey Club is a horse racing GameFi based on the BSC blockchain platform. Like other Gamefi with P2E nature, the Jockey Club Gamefi is designed to allow all players to experience game entertainment while earning profits. Players can achieve the goals of Hold To Earn and Play To Earn through Hold and Play while enjoying the game experience.
[Kuwait-Based Islamic Bank Enters the Metaverse] Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox.
[Siemens expands NVIDIA partnership for industrial metaverse] Siemens is expanding its partnership with NVIDIA to enable the industrial metaverse and increase the use of AI-driven digital twin technology. The companies say growing AI-driven digital twin technology usage will help take industrial automation to a new level, and the first step in their collaboration will be to connect Siemens Xcelerator and NVIDIA Omniverse. Xcelerator is an open digital business platform, and Omniverse is a platform for 3D design and collaboration.
DAO
[Arbitrum Odyssey paused for not solving scalability] Odyssey was held successful as it has accumulated 270k transactions and 48k ETH were transferred to Arbitrum, However it is causing the network congestion and surged the swap fee to $7.3, which is significantly higher than Ethereum gas fee. Arbitrum then announced to pause Odyssey and resume it after Nitro is released to optimatize computational costs.
[Aptos initiated Aptos Grant Program] Aptos grant program to offers teams and individuals to contribute and accelerate the developement of the ecosystem. The Grant will be aiming developer tooling, tools and frameworks for development, governance, DeFi, and NFTs， protocol contribution, open source and publish goods, education initiatives and applications.
[Sepolia is ready to Merge in the next few days] Sepolia will be the second of three testnest run through the Merge on the proof-of-work chain exceeds 17,000,000,000,000,000.
[MakerDAO community voted against adding advisory committee to oversee the protocol] The proposal intended to intrduce an unit called Lending Oversight Core Unit(a.k.a LOVE) to implement a more strealined leadership within the DAO, among 30% of MKR participanted the vote, 60% voted against it.
Regulation & Adoption
June 27: (🇺🇸) Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) due to its failure to repay its 15,250 BTC and 350 million USDC loan, totaling over $673 million at given prices.
June 28: (🇺🇸) Microstrategy purchased 480BTC between May 3rd and June 28thm with an average price of $20,817.
June 29: (🇺🇸) 3AC, BTC and crypto hedge fund enters liquidation.
June 30: (🇺🇸) FTX finalizing a deal to buy BlockFi for $240 Million. BlockFi raised $500M a year ago on Series E 4.8bn USD valuation.
July 1: (🇸🇻) El Salvador purchases 80 additional BTC at 19,000 USD.
Macro
- The Russian ruble continues to strengthen. The US dollar fell vellow 51 rubles on the Moscow Exchange for the first time since 2015. The Euro dropped below 54 Rubles for the first time since April 2015.
- EUR/CHF drops below 1.00. Record low of the year, CHF continues to benefit from the recent shift in the Swiss National Bank’s monetary policy as the central bank raised interest rates last week by 50% basis points from -0.75% to -0.25%, in its first hike since 2007.
- Gold drops below 1800$/oz.
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