Edition #73 - 28 JUL 2023
A trio of analysts from BlackRock wrote a study on Perfect Portfolio Composition and although it was done in August ‘22, it was only noted recently within the crypto community. The results concluded that the most ideal optimal risk vs. reward portfolio is… 84.9% in BTC; 9.06% in stocks; 6.04% in bonds
Yup, that’s right. According to analysts who work for the largest asset manager in the world, Bitcoin is the optimal investment choice.
Worldcoin with its "The Orb" initiative developed a “privacy-preserving digital identity” that can be used to verify humans, aka a digital passport. Result: a >20B FDMC token launch.
gaming developments
Gaming studio that developed blockchain pool game Eyeball Games raised $1.5M in a Pre-seed funding round led by White Star Capital, with participation from Polygon Ventures, Ocular VC, Great South Gate (GSG), Immutable.
Blockchain game developer Delabs Games raised $4.7M in a Seed funding round led by Hashed, with participation from Planetarium, Merit Circle, Polygon Ventures, The Spartan Group.
metaverses & AI
AI-powered decentralized email platform Dmail closed Series A funding round from Amino Capital, OIG Capital, Draper Dragon, KuCoin Labs, HG Ventures, Spark Digital Capital, Vespertine Capital, Bixin Ventures, Lead Capital, TsingTing Capital, WAGMI Ventures, CatcherVC, Gate io Labs, Kretos Ventures, Red Swiss Venture Capital. Amount raised is not disclosed.
Most Profitable NFT Projects by Royalty Earnings on Ethereum.
Lacoste is launching a new virtual store for its NFT-based loyalty program. NFT holders will be able to shop exclusive apparel and can participate in a scavenger hunt for weekly prizes.
defi
Decentralized Derivatives Exchange KTX Finance raised $4M in a Seed funding round led by Hashed, ByteTrade Lab, with participation from AlphaLab Capital, CRIT Ventures, 100&100 Ventures, Trinito, Great South Gate (GSG), KuCoin Ventures, Sky9 Capital, Ouroboros Capital.
Decentralized omnichain money market protocol Radiant Capital raised $10M in a funding round led by Binance Labs Fund.
Distributed mesh liquidity network Side Protocol raised $1.5M in a Pre-seed funding round from Hashkey Capital, KR1 plc, Continue Capital, Symbolic Capital (ex Hyperedge Capital), Informal Systems, DoraHacks.
Decentralized social graph Releap Protocol raised $2.1M in a funding round from Sui Foundation, Genesis Block Ventures Capital (GBV), Big Brain Holdings, Shima Capital, Arweave, Assembly Partners, DWeb3 Capital, Impossible Finance, Solar Eco Fund, MoveBit.
funding rounds
Scalable blockchain powered by zero-knowledge proofs RISC Zero raised $40M in a Series A funding round led by Blockchain Capital, with participation from Bain Capital Crypto, Galaxy Digital, IOSG Ventures, RockawayX, Maven 11 Capital, Fenbushi Capital, Delphi Digital, Aglaé Ventures, IOBC Capital, Figment, Alchemy Ventures, zeroDAO.
Web3 infrastructure startup Cosmic Wire raised $30M in a Seed funding round led by Solana Foundation and Polygon Ventures.
Human-readable blockchain explorer Cymbal raised $18.5M in a funding round from Coinbase Ventures, Solana Ventures, Shima Capital, First Round Capital, Patron, Google Ventures (GV), Connect VC, Acrew Capital, UTA Ventures, Roham Gharegozlou, Ryan Wyatt.
