Ethereum merge scheduled for September 15th

Edition #30 - 12 AUG 2022


The highly anticipated event will allow Ethereum’s mainnet to merge with its Beacon Chain, which already runs a proof-of-stake system. The Merge aims to address the network’s scalability issues by setting the stage for future upgrades, including sharding.

The smart contract platform will eventually be capable of facilitating 100,000 transactions per second via second-layer solutions following the completion of the upgrade.



gaming developments

  • Roblox reports Q2 revenues of $591.2 million, bookings down 4%;

  • PlayStation surveys players on what types of NFTs they are most interested in, hinting Sony’s interest in digital assets;

  • Axie Infinity cuts rewards from its classic mode, forcing P2E players into the new mode in a bid to balance its economy.


metaverses & Adoption


defi


funding rounds

  • Unstoppable Finance, a DeFi wallet, raises $12.8 million in a Seed round led by Lightspeed Venture Partners, with participation from Speedinvest, Rockaway Blockchain Fund, Backed VC and others;

  • Lysto, a gaming verification tool, completed its $12 million pre-Series A funding round, with Square Peg, Beenext and Hashed leading the round;

  • CreatorDAO, a collective providing capital and operational support to its creators, raises a $20 million Seed round led by Andreessen Horowitz and Initialized Capital.

 



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