Web3: BAYC in Cinemas; Uniswap Venture Arm; Tendermint Launches $150MM accelerator fund; Circle $400MM Raise; Capital DAO Protocol; EU Healthcare report
Gm Fintech Futurists —
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NFT, Metaverse, and Gaming
⭐ Epic Raises $2 Billion For Metaverse From Lego Investors & Sony - Upload (Read our Short Take here)
Bored Apes to Hit Big Screen With Coinbase ‘Degen Trilogy’ - BeInCrypto
State of The Sandbox Q1 2022 - Messari
Silver Lake Leads $150M Funding Round in Web3 Avatar Company - Blockworks
Refunds for NFTs? New Standard Sets Give-Back Period for Minters - The Defiant
DeFi and Stablecoins
⭐ Uniswap Joins the Hunt for Web3 Startups with New Venture Arm - The Defiant
Uniswap is looking to expand its existing grant program to offer funding for protocols aligning with their values. The news comes a week after a lawsuit was filed against Uniswap Labs for “rampant fraud”. Where do you think Uniswap is heading? Let us know in our Discord.
SoftBank Leads $70 Million Round for DeFi Infrastructure Firm BloXroute - The Block (Read our Short Take here)
RociFi Labs Raises $2.7M to Enable On-Chain Credit Scoring for DeFi - CoinDesk
White Star Capital Raises $120M For Ubisoft-Backed Web3 Investment Fund - Coin Telegraph
Public Blockchains
⭐ Ignite (formerly Tendermint) Launches $150 Million Accelerator For Web 3 Projects - The Block
Tendermint is the consensus engine used in the Cosmos ecosystem which popular projects like Terra, Osmosis and Binance DEX are built on. Tendermint acts as a technology for fault tolerant applications, enabling apps to be built in any programming language.
Global Sales of Fan Tokens up $1.9B, Hitting 2022 High - BeInCrypto
Ethereum Push Notification Service Raises $10.1 Million in Series A - Decrypt
MetaMask Expands Institutional Offering By Integrating New Crypto Custodians - Coin Telegraph
What Happens to Your Crypto When You Die? - CoinDesk
Crypto, Fintech and Institutional
⭐ BlackRock, Fidelity Back USDC Issuer in $400M Raise - Blockworks
The announcement coincides with news that Tether’s USDT stablecoin saw yearly volume decline by $500 billion. Could this be the catalyst that leads USDC to the stablecoin top spot? For more insight into Circle’s monumental growth, read our Short Take here.
Coinbase Makes A Token Attempt at Crypto Transparency - Protocol
Inside 3 Crypto Funds' Investor Decks - Eric Newcomer
Philippines' Fintech Achieves Unicorn Status After Embracing Crypto Payments - Coin Telegraph
Pantera Says Its Raised $1.3 Billion for Blockchain Fund, Plans to Raise More in 2023 - Decrypt
Enterprise Chains and CBDCs
⭐ Blockchain Application in the Healthcare Sector - EU Blockchain
Brazilian Central Bank President Confirms CBDC Pilot Will Launch In 2022 - Coin Telegraph
Hyperledger Unveils FireFly SuperNode, Middleware For Blockchain Consortia - Ledger Insights
DAOs and Token Engineering
⭐ Capital DAO Protocol launches the First Decentralized Venture Capital Using DAO for MultiChain - Yahoo Finance
An Intro to Cryptoeconomics in 2022 - Hackernoon
DAO Regulation in Australia: Issues and Solutions, Part 3 - Coin Telegraph
Cryptoeconomic Research
We partner with the ConsenSys Cryptoeconomics team to share DeFi analysis, fundamental protocol research, token engineering, and DAO design.
⭐ Kinetic Money: An Auto-Repaying Loan Protocol
Kinetic Money is an auto-repaying loan protocol on Terra that enables users to earn future yield on collateral in present time without risk of liquidation. One prevailing issue in DeFi is capital efficiency. While there are many opportunities for users to earn significant yields for staking and locking their digital assets in a variety of protocols, there is an opportunity cost of not being able to deploy those assets elsewhere. With Kinetic, users can deposit their digital assets into a smart contract as collateral and immediately withdraw a portion of future yield that this collateral will earn over time. This creates an extra dimension of capital efficiency by giving users access to their future yield instantly.
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