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Cardano gets "even closer" to Vasil upgrade

Edition #32 - 28 AUG 2022

As of today, more than 40% of stake pool operators (SPOs) are running version 1.35.3 of the node. This means that Cardano is already halfway through the much-awaited upgrade.

Input Output has repeatedly stated that it is aiming for the 75% threshold, whilst, at the same time, rejecting possibilities of postponing until next year.

gaming developments

  • Xbox boss keen on Metaverse but cautious about play-to-earn games – “gamers have been in the Metaverse for 30 years”;

  • Bored Apes and Moonbirds to get playable avatars in new Sandbox season;

  • Axie Infinity reveals Origin Season 0 In its latest roadmap, marking the transition into Phase 3.

metaverses & Adoption

  • 51% of daily trade activity recorded for Bitcoin is most likely wash trading, as measured on 157 biggest cryptocurrency exchanges;

  • Su Zhu, co-founder of troubled hedge fund Three Arrows Capital, claims he could be facing imprisonment;

  • NFT trading volumes fell even further in August, a prorated decline of over 30% against July;

  • Ethereum Classic’s hashrate hits another all-time high following Ethereum’s hardened merge timeline;

  • Brazil’s senate is seeking to hire crypto and blockchain experts to advise on its policy.


  • Celsius Network’s bankruptcy proceedings have highlighted that the firm has misrepresented many of its assets with deep complexities in its operations;

  • How the Merge will impact DeFi and dApps on Ethereum;

  • Ethereum Foundation approves EIP-3475 token standard to natively bring bonds onto Ethereum;

  • MakerDAO opens $100 million DAI loan to Huntingdon Valley Bank in a first integration between a DeFi protocol and a traditional bank;

  • Optimism’s total value locked (TVL) soars more than 90% throughout July.

funding rounds

  • Thirdweb, a web3 developer platform, completed its $24 million funding round this week. Haun Ventures led the round with participation from Coinbase Ventures, Shopify and Polygon, amongst others. The round valued Thirdweb at $160 million.

  • NFT Genius, an NFT development company, raises $10.5 million Series A, led by Dapper Labs, Spartan Labs, Commonwealth Asset Management (CWAM), and Fundamental Labs. Spartan, One Football, and Unibanco also participated in the round, valuing the company at $150 million.

  • Spectral, a web3 credit risk assessment agency, completed its $23 million round led by General Catalyst and Social Capital, with participation from Samsung, Gradient Ventures, Section 32, Franklin Templeton, Circle Ventures and Jump Capital.


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