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Elon buys Twitter

Edition #40 - 30 OCT 2022

Tesla CEO Elon Musk, the world's richest person, finally completed his purchase of social media platform Twitter on Oct. 27 in a $44 billion deal that takes the company private, according to a Securities and Exchange Commission filing. Dogecoin, a cryptocurrency that's become synonymous with the billionaire, rallies with the news.

Announced in April, the acquisition hit multiple roadblocks along the way, with Musk threatening to pull out because of allegations about the number of bots who use Twitter. The company at one point erected a barrier known as a poison pill to block the takeover.

gaming developments

  • Terra Classic launches a first-person shooter game, allowing players to earn LUNC;

  • English Premier League eyes £34m NFT deal with Sorare for a digital collectibles game;

  • Hunter’s Arena joins forces with Immutable X to bring play-to-earn to consoles;

  • Genopets announces an expansion to its offering with the addition of a metaverse, Genoverse, powered by the Solana blockchain;

  • Axie Infinity kicks off new origin contests feature "The Premiere".

metaverses & Adoption


funding rounds

  • Arf, a Web3 global settlement banking platform, raises $13 million in Seed financing. Industry leaders including Circle Ventures, Hard Yaka, United Overseas Bank Venture Management, Signum Capital, and Stellar Development Foundation, NGC Ventures, Blockchain Founders Fund, and 500 Emerging Europe participated in the round;

  • College sports NFT startup Mercury raises $7.5 million in a Seed funding round led by Multicoin Capital, with participation from North Island Ventures, Crosslink Capital, Brevan Howard Digital and others;

  • ​​Developer of decentralized ride-sharing app Teleport raises $9 million in a Seed funding round led by Foundation Capital and Road Capital, with participation from Thursday Ventures, 6th Man Ventures, 305 Ventures and Common Metal.


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