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
The first AxieCon is live: a digital nation gathers in real life;
Sorare takes on NBA Top Shot with Ethereum NFT-based fantasy NBA game;
US government recovers $30 million from Axie Infinity’s $600 million Ronin chain hack;
NFT game consultant proposes “poor” people to become real-life NPCs (non-playable characters) in blockchain games.
metaverses & Adoption
UK economic secretary commits to make country a crypto hub under new Prime Minister;
The Sandbox’s Instagram account compromised, hackers try to rent BAYC NFTs;
Investment management giant Franklin Templeton to offer digital asset strategies to wealth managers;
Prestigious football award Ballon d’Or winners to receive NFTs alongside the coveted trophy;
Inside Crypto Policy Symposium, the world’s first no-coiner conference for crypto sceptics;
Bankrupt Voyager Digital set to hold an auction of its assets on September 13th;
India’s second-most populous state seeks to e-verify newly purchased real estate on the blockchain;
South Korea to set up securities market for crypto tokens.
defi
DeFi market records a 14.7% YoY active user decline as TVL plunges by 68% to $58 billion;
Cash from 2021 DAO Maker $500k crypto hack being mixed through Tornado cash;
House Republicans press US Federal Reserve for more information on digital dollar;
Terra Classic secures first ever decentralized exchange listing on Saitaswap;
Global stablecoin monthly on-chain volume hits an all-time record.
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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