Edition #74 - 04 AUG 2023
On July 30, four pools on Curve were affected by an exploit related to a vulnerability in the Vyper programming language, the second most popular EVM language behind Solidity. According to DeFiLlama, the total value locked (TVL) on Curve has declined by 47% from $3.26B prior to the exploit to $1.73B as of July 31. Initial loss estimates due to the attack range from $24M to $52M.
Binance secured an operational MVP license from Dubai, making it the first exchange in the world to receive a Dubai licence.
Yuga Labs is acquiring Roar Studios, a music and metaverse startup. The acquisition will help accelerate the development of Yuga’s metaverse, Otherside.
Engagement platform for game developers Conductive AI closed Seed funding round led by Animoca Brands, with participation from Kraken Ventures, Bixin Ventures, Sound Ventures, Rubik Ventures, Sfermion, Oyster Ventures, Blue Lion Global, AXIA8 Ventures, Unanimous Capital, Everest Ventures Group (EVG). Amount raised is not disclosed.
metaverses & AI
Animal-themed metaverse The Animal Age closed Seed funding round led by Spark Digital Capital, with participation from AngelList, Alumni Ventures (AVG), Kraken Ventures, Vega Ventures, Founders fund. Amount raised is not disclosed.
The British Museum will enter the metaverse via 'The Sandbox'.
Decentralized cloud infrastructure Aethir raised $9M in a Series A funding round led by Sanctor Capital, Hashkey Capital, Merit Circle, CitizenX Crypto Ventures, with participation from Mirana Ventures, Animoca Brands, Momentum 6 (M6), Big Brain Holdings, Builder Capital, Tess Ventures, Maelstrom.
Liquidity bridging platform Solv Protocol raised $6M in a funding round from Laser Digital, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Bing Ventures, Apollo Capital, Hash Capital, GeekCartel, ByteTrade Lab.
Web3 startup focused on decentralized data storage Terminal 3 closed Pre-seed funding round from 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, DWeb3 Capital, Hard Yaka, Bored Room Ventures, BlackPine, Mozaik Capital. Amount raised is not disclosed.
Privacy-preserving identity verification for Web3 using MPC and ZKP zkPass raised $2.5M in a Seed funding round from Binance Labs Fund, Sequoia Capital, OKX Ventures (ex OKEx Blockdream Ventures), dao5 (daofive), SIG DTI (a Susquehanna International Group Company), Cypher Capital, Leland Ventures, Blockchain Founders Fund.
Layer 2 storage rollup built on top of Ethereum EthStorage raised $7M in a Seed funding round led by dao5 (daofive), with participation from SevenX Ventures, Foresight Ventures, Dragon Roark Venture, Sky9 Capital, Avant Blockchain Capital, FutureMoney Group, Gate io Ventures, Galxe (ex Project Galaxy), GeekCartel, W3.Hitchhiker, Rebase D. Ventures, Vitalbridge Capital.