Overview of Fundraisings of the Week
Layer 1 Blockchain Aptos Raises $150M From FTX, Jump Crypto
Registrar Unstoppable Domains Raises $65 Million To Make Website Domains Into NFTs
Aftermath Islands raises $25M in utility token sale for metaverse project
Houston-founded ‘blockchain for good’ startup Topl raises $15M Series A
Nas Academy nets $12m in fresh funding
Center raises $11M to build NFT search index
Mighty Bear Games raises $10M for Mighty Action Heroes Web3 game
Team Behind Hacked Beanstalk Stablecoin Raises $9M for Market Protocol
Three Friends Start Web3 Social Network DSCVR As Experiment to Build New Social Media Model; Raises $9M in Seed Round Led By Polychain Capital
Atato Raises $6 Million Series A Funding To Expand Its Digital Asset Technology
Fundraising Trend Since the Beginning of the Year
DeFi
Weekly TVL
Gross: ⬆️$89.42B
Top 3 Apps: MakerDAO ⬆️(8.48B), Lido ⬆️($7.34B), AAVE ⬆️($6.52B)
Top 3 Chains: ETH ⬆️($58.04B), BSC ⬆️($6.77B), TRON ⬆️($5.87B)
Top 7D Change 📈: Solidly-based AMM on Optimism-Velodrome(VELO) (+60.11%, $137.26M)
DeFi News
[Synapse Chain Introduced] The Synapse Chain is designed as an Ethereum-based optimistic rollup. Devs will be able to deploy dApps on a single execution environment, while simultaneously being able to communicate with all other blockchains.
[Fantom Ecosystem Vault Proposal Passed] Fantom community passed the proposal to divert a third of its burn fees to fund a new vault to support ecosystem projects. Fantom will fund the vault with 10% of its transaction fees, this 10% is a third of the network’s 30% burn fee.
[Optimism Drippie] OP Labs releases Drippie, an IFTTT-alike transaction automation system that allows transactions to be executed under certain conditions.
NFT
7D SALES: $132,868,768
7D CHANGE IN SALES: -16.00%
7D NUMBER OF SALES: 1,077,420
NFT News
Jul. 31, Tiffany & Co. reveals NFTiff that transforms NFTs into pendants, starting with CryptoPunks.
Jul. 29, KuCoin launches NFT ETFs for blue-chip NFTs.
Jul. 29, City of Miami to launch 5,000 NFTs with TIME, Mastercard, Salesforce.
Jul. 27, New Metamask update guides users to read the title carefully before submitting transactions.
Jul. 27, The Damien Hirst NFT experiment finished with 5,149 physical artworks exchanged.
GameFi & Metaverse
[Telefonica through Gamium will now enter into the Metaverse] The largest Spain-based telecommunication company, Telefonica, is now planning to enter the Metaverse through Gamium. Telefonica will now use its innovation-based incubator sector, Wayra, to allocate a non-disclosed fund for its Metaverse initiative. Telefonica has sold several pieces of land to raise millions of euros. It is advertising itself as the first decentralized platform to enter the Metaverse.
[DSCVR raised $9M in seed funding round] DSCVR, a Los Angeles, CA-based provider of a Web3 social network built entirely on the blockchain, raised $9M in Seed funding. The round was led by Polychain Capital with participation from Upfront Ventures, Tomahawk VC, Fyrfly Venture Partners, Shima Capital, and Bertelsmann Digital Media Investments. The firm intends to use the funds to accelerate its roadmap and make Web3 accessible to anyone who knows how to use social media.
[Mighty Bear Games raised $10M for Mighty Action Heroes Web3 game] Mighty Bear Games has raised $10 million through a token sale to launch a blockchain game division and make its Mighty Action Heroes Web3 game. Framework Ventures led the round in the in-game token sale, which included additional investment from Mirana, Sfermion, Spartan, Dune Ventures, Sanctor Capital, Folius Ventures, Polygon, Play Future Fund, Everblue, Ancient8, Ready Player DAO, Razer, Avocado DAO, DWeb3, Great South Gate, mrblock and more.
[Blockchain virtual reality platform Aftermath Islands received $25 million investment] Aftermath Islands raised $25 million from a token sale for metaverse projects. The company made this sale to LDA Capital. The company has 12,000 people on its Discord channel and 20,000 followers on Twitter. The system will host real estate and NFTs and will use this money to accelerate its roadmap.
[Dragon Crypto Gaming’s Dragon Crypto Argenti Token ($DCAR) and The Legend of Aurum Draconis would be open for registration] Dragon Crypto Gaming (DCG) initial dex offering (IDO) of Dragon Crypto Argenti ($DCAR), a utility token for its expanding GameFi ecosystem, would be open for registration on July 20th, 2022, with the IDO taking place on July 26th, 2022. DCG has partnered with Avalaunch, the leading platform for decentralized fundraising on Avalanche.
[ReNFT announced new funding round to accelerate growth of GameFi in Web3] ReNFT is positioning itself in digital asset rentals in the global Web3 economy. The $5 million round co-led by Mechanism and gumi Cryptos Capital will have an emphasis on investors who bring strategic value as well as gaming guilds who represent millions of gamers globally. The funds will help to accelerate the pace of hiring, capture integrations across multiple blockchains, and extend their product suite.
[Esports 3.0 platform GEMS to launch on top launchpads] GEMS is to launch on top launchpads, including Polkabridge, Formless and Blokpad. The launch would kick off in late July with a fundraising amount of around $1 million. GEMS, the first blockchain esports platform that provides comprehensive services, currently has more than 80 blockchain and esport companies as partners, most of which are pioneering, top-tier investors or leading players in the industry.
[Condense collected $4.5m to bring live concerts to the metaverse] Condense would use the cash injection from the $4.5m seed round to keep developing its technology. The company has opened a metaverse studio to give established artists and emerging talent access to the technology. The studio can accommodate a live audience. The studio has been opened in partnership with Watershed, a Bristol-based cultural cinema, and creative technology venue.
DAO
[Sushiswap is proposing a new Head Chef] The community sources a candidate, namely one of the cofounders of Bighead Club, Jonathon Howard. There is also full transparency on his salary and incentives for the DAO to evaluate on.
[Harmony is voting for a reimbursement plan] The plan involves performing a hard fork and minting 2.48B or 4.97B $One to a 3-year monthly emission to reimburse the impacted wallets. The Harmony Foundation will be committed to supporting the longevity and well-being of the ecosystem.
[LidoDAO re-proposed to sell the token to Dragonfly capital with new terms] After the community disapproved the original plan of disposition, LidoDao is proposing new terms with 1-year lock and a higher price to sell 1% of token to Dragonfly capital.
[Polygon releasing their roadmap for H2 2022] The team will focus on Products, Events, and Accelerators to onboard more developers to the Polygon ecosystem. Currently, there are over 19000 dapps built on Polygon and 90M transactions accrued monthly.
[Juno Network halted for consensus issues] Block 4136531 can’t reach finality because of a non-deterministic block and Juno Network halted to reproduce the bug.
Regulation & Adoption
- July 25 (🇺🇸) Crocs shoe giant files for NFT Trademark.
- July 25 (🇵🇭) Philippines` Central Bank governor says no plan to ban crypto.
- July 25 (🇺🇸) Tesla reports $64M USD profit from Bitcoin sale.
- July 26 (🇺🇸) Binance CEO, Changpeng Zhao, sues Bloomberg for defamation.
- July 26 (ETH) Number of unique ETH addresses reaches 600,000 on the Ethereum network.
- July 26 (🇺🇸) ARK INvest, Cathie Wood’s firm, dumped a total of more than 1.4Million USD Coinbase shares (around $75M) at an all-time low.
- July 26 (🇨🇫) Central African Republic begins public sale of Sango Coin, the national cryptocurrency of the country.
- July 27 (🇮🇱) Israel bans the use of cash for purchases over $1,700 USD.
- July 28 (🇦🇪) FTX becomes the first exchange to receive a crypto license in Dubai.
- July 30 (🇧🇷) Santander bank to launch crypto trading services in Brazil.
Macro
- IMF warns of recession. The International Monetary Fund (IMF) forecasts a significant slowdown in global growth, which should average 3.2% this year and 2.9% in 2023 according to the economic upload.
- Export of goods from Turkey to Russia increased by 46% in a year.
- US PCE jumped to 6.8% while core advances 4.8% versus 4.7% expected.
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