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Ethereum NFT transactions fall below 1 million

Edition #34 - 09 SEP 2022


Ethereum non-fungible token (NFT) total transactions fell to a new low in August due to a reduced interest in digital collectibles projects housed in its ecosystem.

After seeing more than one million transactions each month between April and July, NFTs transactions on the soon-to-be proof-of-stake (PoS) network dipped to 998,433 in August, whilst total unique buyers plunge to nine-month lows - below 200,000.



gaming developments


metaverses & Adoption


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funding rounds

  • Slide, a web3 UX startup, raises $12.3 million Seed round, led by Polychain Capital and Framework Ventures, with participation from Coinbase Ventures, Outlander Ventures, and Circle Ventures;

  • Fuel Labs, a blockchain scalability startup, completed its $80 million funding round, led by Blockchain Capital and Stratos Technologies, with participation from Alameda Research, CoinFund, Bain Capital Crypto, TRGC, Maven 11 Capital, Blockwall, Spartan, Dialectic and ZMT;

  • Community Labs, a web3 development company, raises $30 million in a funding round led by Lightspeed Venture Partners with participation from industry leaders Arweave, Bain Capital Crypto, Blockchain Capital, Distributed Global and Road Capital Management alongside others.

 



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