Binance released its proof of reserve report

Edition #86 - 13 NOV 2023

The report shows that the crypto exchange has enough reserves to cover customer balances for all its crypto holdings including BTC, ETH, BNB, and USDT.

gaming developments

• ​​​​NFT collection and gamified economy driven by MILK tokens Cool Cats closed Strategic funding round led by Animoca Brands Japan, San FranTokyo. Amount raised is not disclosed.

• ​​Digital NFT platform Authentick raised $4M in a Seed funding round led by Menyala.

metaverses & AI

• ​​​​​​​​​​​​​​Decentralized AI compute platform Ritual raised $25M funding round led by Archetype, with participation from Accomplice Blockchain, Robot Ventures.

• Alphaverse: Airdrop Thaw.

• Nike’s RTFKT NFT collections have generated nearly $1.4B in trading volume. It’s been 2 years since Nike acquired RTFKT and the sneaker giant has already made $170M in earnings.

• The Sandbox is creating a new “cinematic-themed neighborhood” in its metaverse. The digital neighborhood will feature well-known Hollywood brands like "The Walking Dead," "Black Mirror," "Peaky Blinders", and "Cheech and Chong".

defi

• ​​​​​​​​Access control and governance platform for smart contracts Llama raised $6M in a Seed funding round led by Founders fund, Electric Capital, with participation from Amplify Partners, FJ Labs, Reverie, Elad Gil, Sandeep Nailwal, Stani Kulechov, William Gaybrick, Nathan McCauley, Viktor Bunin, Sina Habibian.

funding rounds

• ​​​​​​​​​​​​​​​​​​Protection and monetizing platform for content creators Trips raised $2.5M in a Pre-seed funding round led by Shima Capital, Animal Capital, Blackwood Ventures, Serafund, Calligraphy Digital, with participation from Blizzard.

• Cybersecurity company Xage Security raised $20M in a Series B funding round from Valor Equity Partners, Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Chevron Technology Ventures, Science Applications International Corporation.

• Modular SDK for building micro-rollups in general-purpose languages Stackr Labs raised $5.5M in a Seed funding round led by Archetype, with participation from a16z Crypto Startup School (CSS), Lemniscap, Superscrypt, A Capital, The Spartan Group, Scalar Capital, EF Ecosystem Support Program, Devfolio, Sreeram Kannan, Anurag Arjun, Mustafa Al-Bassam, Arjun Bhuptani, Rahul Sethuram, Layne Haber, Lito Coen, Andrew Keys.

• ​​Mobile crypto investing app Sock raised $3M in a Seed funding round led by Haven Ventures, with participation from Designer Fund, Expansion Venture Capital, Spacecadet Ventures, Sunflower Fund, Olive Capital.

• ​​Semiconductor company focused on Zero Knowledge Proofs Ingonyama raised $20M in a Seed funding round led by Walden Catalyst, with participation from Samsung Next, Geometry, BlueYard Capital, Starkware.

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