Central African Republic becomes the second country to adopt Bitcoin as legal tender

Edition #15 - 30 APR 2022


Central African Republic lawmakers voted unanimously to pass a bill recognising Bitcoin as legal tender alongside the regional Central African CFA franc. The CAR is the second nation in the world to make bitcoin legal tender - El Salvador did so last year.



gaming developments

  • Animoca Brands: We are not done acquiring studios to make NFT games;

  • Ronin’s bridge re-opening is being delayed to mid-May. Sky Mavis has issued a detailed postmortem of the $600 million hack;

  • Millennium Hotels And Resorts launches M Social on Decentraland – the first hospitality group to open a digital hotel;

  • The Sandbox has launched its Mega City 2 land sale on Thursday.


metaverses & Adoption

  • Bored Ape Yacht Club's 'Otherside' metaverse is launching on 30th April;

  • Solana's okay bears top all Ethereum NFT projects with $18M in Sales in one day;

  • Chess.com has announced Treasure Chess - a chess-exclusive NFT marketplace;

  • Floyd Mayweather to fight Don Moore in the world’s first-ever NFT sports event in Dubai;

  • ApeCoin becomes largest metaverse token, surpassing Decentraland, Sandbox and Axie Infinity;

  • Nike and RTFKT reveal CryptoKicks - their first Ethereum NFT metaverse sneakers since Nike's acquisition.


zen portfolio highlight

This week we highlight our portfolio company SitYEA – a Health2Earn(H2E) AI software solution built to help with and prevent back pain related to sedentary lifestyle.


SitYEA utilizes user’s webcam to anonymously track one’s sitting posture using its proprietary algorithms and provides real-time feedback, notifications and past statistics. The team at SitYEA is aiming to help millions of people to avoid back pain and even earn seamlessly – the better you sit throughout the work day, the more crypto you will earn!


SitYEA is already available as a public beta release. To find out more about the software, the technology behind it and the upcoming token launch, check out the team’s Website, Trailer and the Scientific Paper.



defi

  • SushiSwap has released an updated and restructured roadmap, with the team dubbing the release as “Sushi 2.0”;

  • Terra, the second-largest DeFi blockchain, saw its total value locked (TVL) jump to $21.8 billion this week;

  • Crypto lender Maple Finance becomes the first credit shop to expand on Solana in a bid to capture Solana’s ongoing growth;

  • Polygon records 6x growth as number of dApps building on its network soars to 19,000;

  • Goldman Sachs says it is exploring the tokenization of real assets.


funding rounds

  • One Football, a football media company, has raised $300 million in a Series D this week, led by Liberty City Ventures, including Animoca Brands, Dapper Labs and others;

  • 0x Labs, a DEX infrastructure provider, has raised a Series B totalling $70 million, in a round led by Greylock and including Pantera, Coinbase and OpenSea;

  • Argent, a DeFi wallet provider, has completed its $40 million Series B funding round, led by Fabric Ventures.

 



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