Web3: Stripe targets crypto biz; $2.5B valuation for Immutable; Turn VCs into DAOs; Avalanche $290MM for ecosystem; Elrond network & e-Money
Gm Fintech Futurists —
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Cryptoeconomic Research
We partner with the ConsenSys Cryptoeconomics team to share DeFi analysis, fundamental protocol research, token engineering, and DAO design.
⭐ Mars Protocol: Decentralized Lending and Borrowing on Terra
The core function of the Mars protocol is to operate like a traditional bank in the sense that it attracts deposits, enables lending, manages illiquidity and insolvency risk, but does so all in a fully decentralized, on-chain capacity. One of its key differentiating features is that it allows fully permissionless lending and borrowing as well as pre-approved, permissioned lending to whitelisted entities without requiring collateral. The latter is a novel mechanism which expands the market demand for deposits and helps create a positive feedback loop for all ecosystem participants.
⭐ Layer 2 & Scaling Solutions | March 2022 | Week 2
Terra is experiencing high TVL growth, becoming the biggest alternative L1 with $26B after Ethereum as BSC has collapsed. Also notable is that the Avalanche C Chain is now at $10B+.
NFT, Metaverse, and Gaming
⭐ Yuga Labs Acquires CryptoPunks and Meebits and Gives Commercial Rights to the Community - Yuga Labs, March 11 (Read our Short Take here)
Immutable Raises $200M to Invest in Blockchain Gaming, Bringing Valuation to $2.5B - Coin Telegraph, March 7
GameFi’s Promise and Reality Are Still Worlds Apart - CoinDesk, March 8
LimeWire Makes a Comeback as an NFT Marketplace - BeInCrypto, March 9
World of Women Teams Up With The Sandbox for $25M Inclusivity Push - CoinDesk, March 8
DAOs and Token Engineering
⭐ How To Turn Your VC Firm Into A DAO - Protocol, March 12
MidasDAO — A Multi-Chain Platform Enhancing Investment Opportunities - BeInCrypto, March 9
EmpireDAO Is Building a WeWork for Web 3 - Yahoo Finance, March 9
Polychain Leads $6.85M Investment in ‘Curate-to-Earn’ Project - CoinDesk, March 8
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DeFi and Stablecoins
⭐ Thorchain's RUNE Token Rallies Double Digits Amid Wave of New Features - Decrypt, March 11
Santander to Offer Loans Secured by Grain-based Crypto Tokens - The Block, March 8
Injective: An Interoperable Exchange Infrastructure Protocol for DeFi Markets - Messari, March 9
dYdX Launches Beta iOS App for Limited Users - The Block, March 9
USDF Stablecoin Consortium Expands to Eight Banks - Ledger Insights, March 9
Public Blockchains
⭐ Elrond Network To Acquire e-Money Licence in Romania - CryptoPotato, March 10
A $165 Million ‘Bitcoin Odyssey’: Okcoin, Stacks Aim to Accelerate BTC Adoption - Decrypt, March 11
Ethereum Layer 2 Developer StarkWare is Raising Funds at a $6 Billion Valuation: Report - The Block, March 10
Avalanche Foundation Announces $290M for "Multiverse" Program - Crypto Briefing, March 8
What Is Solana (SOL) Pay, And How Does It Work? - CoinTelegraph, March 13
Crypto, Fintech and Institutional
⭐ Stripe Announces Fiat Payment Support for Cryptocurrencies and NFTs - Coin Telegraph, March 11
eBay Shows Investors Digital Wallet as it Explores Crypto and Other Payment Options - Decrypt, March 10
Bain Capital Ventures Launches Crypto-focused Fund Worth $560 million - The Block, March 8
Goldman Sachs Offering ETH Fund to Clients Through Galaxy Digital - CoinDesk, March 8
EU Confirms Crypto Will be Included in Russia Sanctions as 'Transferable Securities' - The Block, March 9
Enterprise Chains and CBDCs
⭐ Jamaican Central Bank to Airdrop Jam-Dex CBDC to Early Adopters - Coin Telegraph, March 11
HBAR Foundation Launches $100M Climate-Focused Impact Fund, Declaring DOVU as Inaugural Grantee - Coin Telegraph, March 10
Everything You Need to Know About BlockApps’ TraceHarvest Solution - Blockchain Healthcare Review, March 13
The Philippines to Launch Pilot CBDC Implementation - Coin Telegraph, March 8
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