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CHINA'S WEB3 WHITE PAPER

Edition #66 - 03 JUN 2023


Beijing releases a white paper for web3 innovation and development.

Dubbed the "Web3 Innovation and Development White Paper (2023)," the document states that web3 technology is an "inevitable trend for future Internet industry development," according to a report from local news outlet The Paper.


Crypto Equities as Long-Term Investments




gaming developments


metaverses & AI


defi

  • ​​​​​​​​Auditing Decentralized Finance (DeFi) Protocols.

  • Web3 zk-credential layer zkMe raised $2M in a Pre-seed funding round from Circle Ventures, ArkStream Capital, NGC Ventures, The Spartan Group, Fenbushi Capital, Coin Merge Strategy (CMS).

  • ​​DeFi protocol Prisma closed its funding round from FRAX Finance, Conic Finance, Tetranode, Llama Airforce, OKX Ventures (ex OKEx Blockdream Ventures), MrBlock, DeFiDad, Impossible Finance, 0xMaki, Genesis Block Ventures Capital (GBV), Agnostic Fund. Amount raised is not disclosed.


funding rounds

  • ​​During the week 14 blockchain startups has raised $138.9M in funding, details in Crypto Fundraising weekly.

  • ​​Web3 payments platform Transak raised $20M in a Series A funding round led by CE Innovation Capital, with participation from SBI Holdings, Sygnum, Azimut, Third Kind Venture Capital (3kvc), United Overseas Bank (UOB), Signum Capital, Animoca Brands, Genting Ventures, Istari Vision, No Limit Holdings (NLH), Woodstock, IOSG Ventures, Axelar Network, Tokentus Investment AG, THE LAO, Sandeep Nailwal.

  • L1 protocol for composable privacy Anoma raised $25M in a funding round led by CMCC Global, with participation from Electric Capital, Delphi Digital, Dialectic, KR1 plc, The Spartan Group, NGC Ventures, MH Ventures, Bixin Ventures, No Limit Holdings (NLH), WAGMI Ventures, Plassa Capital, Perridon Holdings, Anagram, Factor.

  • ​​Wallet-as-a-service provider Magic raised $52M in a Strategic funding round led by PayPal Ventures, with participation from Cherubic Ventures, Northzone, Volt Capital, Synchrony Ventures, KX.

 


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