Web3: Hedera $250MM Metaverse play; LUNA Builds Reserves with AVAX; Lightning Labs raises $70MM; Cash App BTC Payments; PwC Global CBDC Index
Gm Fintech Futurists —
Welcome to our Web3 newsletter, focused on covering the overall progress in the metaverse, NFTs, and DeFi. To more closely manage which emails you receive, see this post. If you want to go deeper with our weekly long takes and develop a view on the space, check out our premium features below.
NFT, Metaverse, and Gaming
DeFi and Stablecoins
UST Staking Goes Live On Binance As Anchor Reserves Fall - Coin Telegraph
Why DeFi Should Make Markets Like Wall Street Banks - The Defiant
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As discussed previously, Ethereum’s Surge stage aims to implement sharding – likely to occur in 2023. NEAR has already launched Nightshade Sharding which enables the protocol to scale linearly with the number of shards. Although this is still in the Simple Nightshade phase, this prepares the blockchain for scaling solutions that may facilitate mass adoption.
Crypto, Fintech and Institutional
Jack Dorsey’s Block has been developing Bitcoin payment features on Cash App for a while – discussed in our Short Take. How quickly do you think these features will grow? Let us know what you think on our Discord.
The Philippines' Top Payment Provider Adds Crypto To Its Mobile App - Coin Telegraph
Enterprise Chains and CBDCs
Nigeria’s eNaira ranks the highest amongst all CBCD projects. However, as highlighted in a previous edition, the IMF has warned that the eNaira may lead to new money-laundering and terrorist activity.
DAOs and Token Engineering
⭐ Is Ethereum Really The Best Blockchain To Form A DAO? - CoinTelegraph
Are Real Economies Ready For DAOs? - Forbes
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