NEWS & Weekly Essentials

Edition #39 - 21 OCT 2022


Liz Truss has resigned as UK prime minister on Thursday after serving just six weeks on the job.

Her time in office, filled with controversies over fiscal and energy policies, marked the shortest PM tenure in the country’s history. The resignation leaves the fate of bills on stablecoins and crypto seizures hanging in the balance.



gaming developments

  • Sims pioneer Will Wright is making a blockchain game, but is down on NFTs;

  • BNB Chain dominates GameFi with most titles, followed by Ethereum and Polygon;

  • NFT game Alien Worlds launches in-game DAOs to increase competition;

  • Gaming tokens including Axie Infinity, Chilliz and Apecoin battered amid the ongoing bear market.


metaverses & Adoption


defi


funding rounds

  • Modular blockchain network Celestia raises $55 million in a combined Series A and B round led by Bain Capital Crypto and Polychain Capital, with participation from Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures and Jump Crypto;

  • Stardust, a gaming platform, raised $30 million in a Series A funding round led by Framework Ventures. Acrew Capital, Blockchain Capital and Distributed Global are among investors;

  • Layer 1 blockchain Shardeum raised $18.2 million in a Seed funding round. Jane Street, Big Brain Holdings, Struck Crypto, The Spartan Group, Ghaf Capital, DFG, CoinGecko Ventures, Foresight Ventures, Jsquare, Cogitent Ventures, WeMade, Veris Ventures, ZebPay, Tupix Capital, and MapleBlock Capital are among investors.

 



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