top of page

NEWS & Weekly Essentials

Edition #28 - 29 JULY 2022

Gross domestic product fell at 0.9% annual rate during Q2, following 1.6% fall in Q1.

Two quarters of negative GDP growth are widely regarded as a signal that the economy has gone into recession. Fed chair Powell, however, insists US is not in a downturn, aims for another rate hike of as much as 100 basis points.

gaming developments

metaverses & Adoption

  • Professional soccer club Crawley Town FC, an English League Two side, signs a player after a successful governance vote by NFT holders;

  • Final candidates for next UK prime minister – Rishi Sunak and Liza Truss, have both made pro-crypto statements;

  • Survey: 50% of gig workers prefer portion of salary payment in crypto;

  • Facebook’s parent Meta loses $2.8 billion on its Metaverse division during Q2, revenue down by 35%;

  • US antitrust watchdog sues to stop Facebook from monopolizing the metaverse.


funding rounds

  • Space and Time, a decentralized data platform, completes $10 million Seed round, with Framework Ventures leading the funding;

  • Unstoppable Domains, a blockchain naming system provider, successfully closed its $65 million Series A funding round, led by Pantera Capital, with participation from Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures amongst others. The round valued the business at $1 billion;

  • Aptos Labs, an L1 blockchain, raises $150 million Series A, led by FTX and Jump Crypto, with participation from Andreessen Horowitz, Multicoin Capital and Circle Ventures among other amongst others.


Subscribe to Weekly Essentials

Ready Player DAO
bottom of page