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NEWS & Weekly Essentials

Edition #19 - 27 MAY 2022

After the collapse of the Terra Luna, TerraForm Labs proposed replacing the current Terra network with a new blockchain, Luna 2.0.

As part of Kwon's recovery plan, Terra investors would receive a set number of Terra LUNA tokens. The old blockchain network, Terra Classic, would continue to operate and host Terra USD.

gaming developments

  • India ranks first globally for Play-To-Earn gaming adoption;

  • Move-to-Earn platform Stepn is set to bar gameplay in China, market capitalization tanks as a result;

  • Leading card game Splinterlands sells out its Validator Node pre-sale in 11 minutes, accumulating circa $4 million into the game’s DAO;

  • Yield Guild Games released its community report for Q1, total scholarships grew 174% in the first quarter.

metaverses & Adoption

zen portfolio highlight

This week we highlight our portfolio company Edensol, a fantasy gaming metaverse combining fun-packed action with P2E features and the use of collectible NFTs on Solana blockchain.

Edensol is launching its highly anticipated debut Genesis Warrior NFT collection on the Magic Eden launchpad – mark your calendars for 28th May. Only 1,000 Warriors are available for mint.

Find out more about Edensol by joining their thriving communities on Twitter, Discord and Telegram.


funding rounds

  • StarkWare, a blockchain scaling solution, completes its $100 million Series C, bringing the company’s valuation to $8 billion. The round was led by Greenoaks Capital and Coatue.

  • Flow Carbon, a carbon market infrastructure builder, raises $70 million at undisclosed valuation in an investment round led by a16z.

  • Babel Finance, a crypto asset manager, completes its $80 million Series B round at $2 billion valuation. Jeration Capital and 10T Holdings led the round.


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