Overview of Fundraisings of the Week
Arf raises $13m from investors including Circle Ventures, Hard Yaka, and SDF
Developer of Decentralized Ride-Sharing App Teleport Raises $9M in Bid to Compete With Uber, Lyft
Bloomberg Beta Leads $6.2M Funding for DAO Framework Origami
Thala Labs lève 6M$ pour lancer un stablecoin sur Aptos
NFT Startup Exclusible Closes $5M Funding Round Led by FC Basel Owner Holzmann and Tioga Capital
Stellar Development Foundation Enterprise Fund Invests $5 Million in Wave
Fun Announces $3.9M in Pre-Seed Funding to Build dWallet Applications on Odsy Network
Web3 Wallet Martian Raises $3M Pre-Seed Funding Led by Race Capital with Participation from Jump Capital, FTX Ventures, Superscrypt, and Aptos
Notebook Labs Raises $3.3M to Build Zero-Knowledge Identity Protocol
Synota Raises $3 Million in Seed Financing
DeFi
Weekly TVL
Gross: ⬆️$55.47B
Top 3 Apps: MakerDAO ⬆️($8.2B), Lido ⬆️($7.55B), Curve ⬆️($5.93B)
Top 3 Chains: ETH ⬆️($32.13B), BSC ⬆️($5.85B), TRON ⬇️($5.38B)
Top 7D Change 📈: Hyper efficient multi-chain stableswap — Wombat Exchange (+28.36%, $183.03m)
DeFi News
[Aries Markets Live on Aptos] Lending protocol Aries Markets is now live on Aptos.
[MakerDAO Endgame Proposal Approved] MakerDAO Endgame, a proposal to decentralize MakerDAO assets by founder Rune Christiansen, has passed. Endgame is a structural change to not only MakerDAO assets and revenue model, but also its governance structure. Details in the thread above.
[QuickSwap Flash Loan Attack] QuickSwap is temporarily closing the Market.xyz lending market, in which the market funds were seeded by Qi DAO. An attacker conducted a flash loan attack by exploiting a Curve LP Oracle vulnerability and hacked away $220k from the market.
NFT
7D SALES: $101,609,762.87 (8.14%)
7D NUMBER OF BUYERS: 169,529 (-12.63%)
7D NUMBER OF SALES: 855,711 (-9.29%)
NFT News
Oct. 28, Twitter to let users buy and sell NFTs through tweets.
Oct. 27, Visa files trademark applications for crypto wallets, NFTs and the metaverse.
Oct. 27, NFT marketplace LooksRare and X2Y2 make royalties optional.
Oct. 26, SEBA Bank introduces regulated custody services for high-value NFTs.
Oct. 25, Reddit NFT trading volume enters top 10 on OpenSea as wallet holders approach 3 million.
Oct. 24, Singapore High Court says NFTs can be considered property.
GameFi & Metaverse
[Oasys blockchain launches mainnet with support of Sega, Ubisoft, and Bandai Namco] Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for its definitive activation slated to happen soon.
[Dvision Network announces 4th LAND sale together with Binance] Dvision Network, one of the veterans in the metaverse space, has announced the highly anticipated 4th LAND Sale in collaboration with market leaders Binance. The sale takes place on the marketplaces and Dvision Network’ native marketplace simultaneously, making it easier for Dvision LAND collectors to get involved with different chains and platforms.
[Toda City in Japan is using metaverse tools to combat school absenteeism] Toda City, located north of Tokyo in Saitama prefecture, is using metaverse-based tools to fight the absenteeism problem that Japan faces. The city includes children in virtual spaces where they can explore virtual campuses and attend classes online, while preparing to eventually rejoin regular classes again.
[London-based Pixaera raises €5.7M to upskill staff through immersive play-based learning] Pixaera, a London, UK-based provider of immersive game-based learning platform, raised $5.7M in Seed funding. This funding consists of two rounds — $1.2 million of pre-seeding and $4.5 million led by LocalGlobe. The founders of FACEIT, the competitive gaming platform for online multiplayer games; as did ERM, a leader in the renewable energy services sector, and York IE.
[Gucci vault opens in the Sandbox, bringing luxury fashion into the metaverse] Gucci is the first luxury brand to build its own space within the digital real estate platform The Sandbox, cementing its place as a first mover in the metaverse. Players can experience the Vault at 360° through a play-to-know narrative and complete activities for a chance to win an exclusive reward and SAND — the utility token or currency of The Sandbox.
[Norway steps into the metaverse with Decentraland tax office] The Norwegian government is taking steps to embrace Web3 with the establishment of a metaverse tax office. The Brønnøysund, Norway’s central register, and Skatteetaten, the nation’s tax authority, announced that they’re partnering with consulting firm Ernst and Young (EY) to establish an office in Decentraland.
[YOOM, formerly Tetavi, raises $15M from star-studded investor list] YOOM, formerly known as Tetavi, has raised $15 million, including from Jimmy Iovine, Co-Founder of Interscope Records and Beats Electronics; Finneas O’Connell, Grammy Award-winning producer, singer, and songwriter; Maverick Carter, CEO of The SpringHill Company; Justin Lubliner, CEO of the Darkroom; and Paul Wachter, Founder and CEO of Main Street Advisors.
[Bored Ape Yacht Club’s Otherside metaverse set to launch beta game in 2023] Otherside metaverse, connected to the Bored Ape Yacht Club ecosystem is set to launch its beta game in 2023. Otherside metaverse, a massive virtual world is developing an online multiplayer game similar to Roblox. Greg Solano, co-founder of Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection announced the launch of The Persistent World beta game in 2023.
DAO
[Elon Musk took over Twitter] The deal was closed at a $44 Billion valuation with the participation of SBF, CZ, and other investors. Bloomberg later suggested that Elon could bring more crypto features to Twitter and expand it into a “super app”. As a big advocate for free speech, Musk revealed a content moderation council with widely diverse viewpoints to decide if actions needed to be taken on users’ accounts.
[SushiDAO voted to set up three entities to form a legal structure ] After careful consultation with legal counsel, SushiDAO will set up a DAO foundation entity in Cayman island and Panamanian, each operating to run different aspects of the protocol. A corporation will be set up as a subsidiary of the Panamanian Foundation to operate the GUI layer of the protocol.
[Starkware complete a zkEVM using Cairo] StarkNet is making its unique path to execute EVM dapp using Cairo, and they’re launching a second StarkNet testnet on Goerli.
[ApeCoin proposed to launch a 1M $APE bug bounty program] The new staking contract ahead needs to be tested by professionals to insure security and immunity.
[Consensys launched MetaMask Grants DAO] The DAO is responsible for issuing grants to developers building products and services within Metamask ecosystem and Consensys is committing $2.4M annually to support the ecosystem.
Regulation & Adoption
- Oct 24 (🇺🇸) Tesla reports $170M in BTC losses.
- Oct 24 (🇲🇩) Moldova bans crypto mining amid energy crisis.
- Oct 25 (🇺🇸) Western Union trademark fillings signal crypto and Web3 exploration.
- Oct 26 (🇺🇸) Blockchain.com launches Visa debit card with 1% crypto cashback.
- Oct 28 (🇺🇸) Binance confirms $500M investment in Musk’s Twitter takeover.
Macro
- UK to stop imports of Russian liquified natural gas from January 1st.
- ECB Raises interest rates by 75bps to 2%.
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