Overview of Fundraisings of the Week
Market maker Keyrock closes $72 million in Series B funding round
Web3 developer platform Fleek raises $25M led by Polychain Capital
Pearpop raises $18M at a $300M valuation to scale its social collaboration marketplace
Kiln Announces €17 Million in Funding to Expand Staking Offering
Identity and Fraud Detection Platform FrankieOne Raises $15.5 Million Series A
A16z Leads $15M Round for Game Studio Roboto Games
CyVers Raises $8M in Funding
Cameroonian crypto and savings platform Ejara raises $8M, led by Anthemis and Dragonfly
Finery Markets raises $5.5 million seed round to accelerate institutional crypto adoption
Blockchain Capital backs Catapult’s $5 million raise: Exclusive
DeFi
Weekly TVL
Gross: ⬆️$42.83B
Top 3 Apps: MakerDAO ⬆️($6.75B), Lido ⬆️($6.32B), AAVE ⬆️($3.96B)
Top 3 Chains: ETH ⬆️($24.82B), BSC ⬇️($5.14B), TRON ⬆️($4.36B)
Top 7D Change 📈: AMM native to the Celo platform — Mento (+95.91%, $164.55m)
DeFi News
[Ankr aBNBc Exploit] BnB chain node operator Ankr suffered a governance key compromise. The attacker d deployed a malicious contract to mint a very large amount of aBNBc, Ankr’s reward-bearing staked BNB token, and profited ~$7m by dumping what he minted.
[LINK Staking Update] Chainlink is launching staking v0.1 on Dec. 6th. Stakers will be locking their funds til the planned launch of v0.2 (in 9–12 months) when the funds can be unlocked or migrated.
[Phantom to Support Ethereum, Polygon] Solana-based wallet Phantom will launch beta and public access for storing/transferring tokens and NFTs on Ethereum and Polygon.
NFT
Top 10 Collections by Weekly Volume
[ETH] CryptoPunks
Average Price: $97.38k (+2.64%)
Volume: $3.89M (-2.25%)
Sales: 40 (-4.76%)
[IMX] Gods Unchained
Average Price: $18.53 (-3.09%)
Volume: $3.63M (-4.95%)
Sales: 98,184 (-3.51%)
[SOL] y00ts
Average Price: $2.31k (+19.53%)
Volume: $3.48M (+80.97%)
Sales: 1,505 (+51.41%)
[ETH] Art Blocks
Average Price: $2.3k (+92.94%)
Volume: $3.45M (+135.44%)
Sales: 1,501 (+22.03%)
[IMX] Bored Ape Yacht Club
Average Price: $90.45k (-4.59%)
Volume: $3.25M (-71.38%)
Sales: 36 (-70%)
[ETH] Mutant Ape Yacht Club
Average Price: $18.13k (+11.53%)
Volume: $2.9M (-42.99%)
Sales: 160 (-48.88%)
[SOL] DeGods
Average Price: $5.26k (+18.37%)
Volume: $2.58M (+65.45%)
Sales: 492 (+39.77%)
[ETH] Otherdeeds for Otherside
Average Price: $2.35k (-6.9%)
Volume: $2.4M (+4.22%)
Sales: 1,022 (+11.94%)
[ETH] CLONE X — X TAKASHI MURAKAMI
Average Price: $11.49k (-1.6%)
Volume: $2.1M (+45.21%)
Sales: 183 (+47.58%)
[ETH] 3D Invisible Friends
Average Price: $988.12 (-1.33%)
Volume: $1.69M (+104.99%)
Sales: 1,716 (+197.75%)
Top NFT News of the Week
Dec. 2, Coinbase Wallet iOS suspends NFT transfers. “Apple’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system so that they can collect 30% of the gas fee.” [Source: Twitter]
Dec. 2, NFT marketplace Magic Eden launches tool to enforce royalties. “The Open Creator Protocol (OCP) is an open-source tool that creators of new Solana NFT projects can implement to ensure that royalties are paid whenever their assets are traded on secondary marketplaces.” [Source: Decrypt]
Nov. 30, NFTs are officially live on decentralized exchange Uniswap. “To bring users the first-rate experience they’ve come to expect with Uniswap, the team has built the aggregator to deliver better prices, faster indexing, safer smart contracts, and efficient execution.” [Source: Uniswap]
Nov. 30, Porsche to launch personalized “Porsche 911” NFTs. “Start the engines to embark on a new journey. A journey fully dedicated to co-creation and community. Heading to where the digital and physical worlds blend seamlessly.” [Source: Porsche]
Nov. 29, NFT marketplace OpenSea integrates BNB Chain. “Every BNB Chain NFT collection with a transaction that took place after Jan 1, 2022 will be available on OpenSea. OpenSea will continue to backfill historic data.” [Source: Twitter]
Nov. 29, Famous NFT collector Gmoney reveals identity. “With all the events that have happened in the space over the last few months, it is very clear that the space needs strong and visible leaders focused on building transparently and with integrity through the bear market.” [Source: nft now]
Nov. 28, International consumer rights firm Scott + Scott investigates Yuga Labs. “Scott+Scott Attorneys at Law LLP, an international shareholder, and consumer rights litigation firm, is investigating whether Yuga Lab, Inc. or certain of its officers, directors, promoters, and corporate insiders violated federal securities laws.” [Source: Scott + Scott]
GameFi & Metaverse
[Burn Ghost raises $3.1M for gaming platform] Burn Ghost, a startup focused on casual games that reward NFT prizes to players, has raised $3.1 million in funding. The startup seeks to expand Web3 adoption via easy-to-play games that reward winners with NFT collectibles. DraftKings and Bitkraft Ventures co-led the seed round for the firm, which was founded by game industry veterans.
[Glip secures $2.5M funding for its web3 game discovery platform] Glip, a wallet app and Web3 game discovery platform located in Bengaluru has raised $2.5 million in a fundraising round co-led by Hashed Emergent and included BEENEXT and current investor Prime Venture Partners. Glip will use the money to grow its workforce, integrate new features into its products, and build a larger community worldwide.
[South Korea’s Shinhan Bank starts ‘metaverse’ services] Shinhan Bank, one of South Korea’s top four lenders by net profit, has opened a “metaverse” site to provide what it called financial and non-financial services, claiming to be the first bank in the country to provide such a platform. The “Shinamon” metaverse platform will comprise zones for finance, healthcare, art, and sports.
[Game7 launches $100M grant program to accelerate Web3 gaming] Game7 has launched a $100 million grant program to accelerate developers who are making Web3 games. The entity is a decentralized autonomous organization, or DAO, supported by BitDAO and Forte ecosystems. The $100 million in grants will be deployed over the next five years at a rate of $20 million per year.
[FIAT Metaverse Store, the world’s first metaverse-powered showroom] FIAT Metaverse Store is the world’s first metaverse-powered interactive showroom, which makes the brand a front-runner in offering an immersive and simple brand experience. The technology launched by FIAT is the first of its kind to power an end-to-end sales experience in the metaverse, revolutionizing the brand’s entire customer experience.
DAO
[Apple demand Coinbase Wallet go through in-app purchase system when paying for gas fee] Coinbase Wallet elaborates on issues when iOS users have difficulties transferring their NFT in-app due to Apple blocking their app release until they cut 30% of profit to Apple when user transacts gas fees. However, Apple’s in-app purchase system does not support on-chain transactions and thus needs updates if they insist on protecting its profit. Dan Finlay, the cofounder of Metamask, later twitted that “30% tax is an abuse of monopoly,” and he is ready to “dump the apple ecosystem”.
[Aleo activated incentivized Testnet 3] Aleo has set aside 25m Aleo credits for Testnet 3 incentives, where prover accounted for 30% of the total incentives. To date, there are 14,000 nodes that participated in Testnet 3, and 20m proofs were generated per second.
[Ankr contract has been exploited and caused a loss of $5M] Hacker exploited Ankr smart contract and minted a massive amount of aBNBc, and to date, the disposition of the stolen fund amounted to $5M. Ankr team responded that they would compensate all liquidity providers by purchasing $5M BNB and re-issue ankrBNB to all valid aBNBc holders.
[BitDAO launched an Ethereum Layer 2 scaling solustion] Mantle consists of decentralized data availability and roll up layer, it’s modular. The testnet is expected to launch in Q1, 2023.
[Telegram CEO revealed sells $50M worth of username on TON] Last month, telegram gave users the ability to purchase usernames, the ownership secured asset on TON, through Fragment. It has gained them a huge success with a revenue of $50M.
Regulation & Adoption
- Nov 28 (🇺🇸) BlockFi crypto company fills for bankruptcy
- Nov 28 (🌍) BTC mining revenue lowest in two years.
- Dec 2 (🇨🇳🇷🇺) First transaction with digital financial assets in YUAN completed in Russia.
- Dec 3 (🌍) Crypto lender Genesis owes 900M USD to Gemini’s clients.
- Dec 4(🇭🇰🇺🇸) Crypto miner Genesis Digital received a 1.15bn USD investment from Alameda Research.
Macro
- Poland Approves EU’s 60 USD Russian oil price cap. G7 shortly agrees on a 60 USD a barrel price on Russian oil.
- US initial jobless claim 225k vs. 235k estimated.
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