Web3: Hedera $250MM Metaverse play; LUNA Builds Reserves with AVAX; Lightning Labs raises $70MM; Cash App BTC Payments; PwC Global CBDC Index
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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
⭐ HBAR Foundation Commits $250M to Drawing Metaverse Apps to Hedera - CoinDesk
Softbank Backs $150m Funding For Improbable’s Blockchain Metaverse Arm MSquared - Ledger Insights
Magic Eden To Accept Tokens From Top Solana NFT Projects Aurory and DeGods - Decrypt
Solving NFTs’ ‘Liquidity Problem’: Can Financialization Help - Blockworks
DeFi and Stablecoins
⭐ Algorithmic Stablecoin Neutrino USD is on the Brink of Failure - Blockworks (Read our Short Take here)
LFG To Acquire $100 Million in Avax To Build Reserves - Blockworks
UST Staking Goes Live On Binance As Anchor Reserves Fall - Coin Telegraph
Why DeFi Should Make Markets Like Wall Street Banks - The Defiant
Yearn.finance Advocates For The Adoption of ERC-4626 Tokenized Vault Standard - Coin Telegraph
How are we doing?
Take a moment to help us shape and calibrate our approach to the Web3 newsletter. More curation? Deeper analysis? Let us know —
Public Blockchains
⭐ Ethereum Rival NEAR Protocol Raises $350 Million in New Funding - Decrypt (Read our Short Take here)
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.
Bitcoin’s Lightning Labs Raises $70 Million, Announces Taro Stablecoin Protocol - Decrypt
A Decentralized Google Maps? Solana-Based Hivemapper Raises $18M To Build It - Decrypt
Boba Network Valuation Hits $1.5B After $45M Series A Round - Blockworks
Crypto, Fintech and Institutional
⭐ Cash App Now Offers ‘Paid In Bitcoin’ Feature, ‘Lightning Receive’ Coming Soon - Decrypt
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.
Grayscale Shuffles Mixed Crypto Funds: Adds AVAX, DOT, ATOM; Drops SUSHI, SNX - CoinDesk
Stillmark Targeting $500 Million Raise For New Bitcoin Credit Fund - The Block
Crypto Fund Paradigm's Assets Under Management Climb 343% to $13.2 Billion - Eric Newcomer
The Philippines' Top Payment Provider Adds Crypto To Its Mobile App - Coin Telegraph
Enterprise Chains and CBDCs
⭐ PwC Global CBDC Index and Stablecoin Overview 2022 - PwC
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.
Blockchain Offers A Solution To Post-Brexit Border Digitization To Build Supply Chain Trust, Research Shows - Science Daily
US Banking Regulator OCC: Weak Stablecoin Interoperability Is Problematic - Ledger Insights
DAOs and Token Engineering
⭐ Is Ethereum Really The Best Blockchain To Form A DAO? - CoinTelegraph
Are Real Economies Ready For DAOs? - Forbes
Docklands DAO Plans To Help Melbourne Precincts Recover From The Pandemic - Coin Telegraph
More? More!
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