EU council adopts legal framework for crypto sector

Edition #64 - 19 MAY 2023

The landmark Markets in Crypto Assets regulation was given final approval by the EU’s Council, which also agreed a new law for sharing data on crypto tax holdings.

gaming developments

• ​​​​​​​​​​​​Axie Infinity is on Apple’s App Store.

• ​​Countries most interested in Web3 gaming (2021-2023)

• Tabi (ex Treasureland) raised $10M in a funding round from Animoca Brands, Binance Labs Fund, Draper Dragon, Hashkey Capital, Infinity Ventures Crypto (IVC), Youbi Capital. Tabi is a decentralized marketplace on BNB chain for publishing and trading nonfungible tokens (NFTs).

metaverses & AI

• ​​Your ultimate guide to navigating this virtual universe and joining the future of digital interaction.

• Pudgy Penguins raised $9M in a Seed funding round from 1kx*, Big Brain Holdings, Kronos Research, Old Fashion Research (OFR), CRIT Ventures. Pudgy Penguins is a collection of 8,888 unique NFT stored on the Ethereum blockchain.

defi

• ​​​​​​​​​DEX on Sui MovEX closed Strategic funding round led by Mysten Labs.

funding rounds

• ​​DeFi protocol Smilee raised $2M in a Seed funding round led by Dialectic, with participation from Synergis Capital, Concave Ventures, Owl Ventures, Yunt Capital, Dewhales Capital, Outlier Ventures, New Order, Multisig Ventures, GTS Ventures.

• Arbitrum DEX and money market protocol Dolomite raised $2.5M in a funding round led by Draper Goren Holm (DGH), NGC Ventures, with participation from Coinbase Ventures, WWVentures, 6th Man Ventures (6MV), RR2 Capital, Token Metrics Ventures, Orchard Street Capital.

• ​​Marketplace to trade locked up DeFi Assets Hourglass raised $4.2M in a Seed funding round led by Electric Capital, with participation from Coinbase Ventures, Circle Ventures, Tribe Capital, Hack VC

• ​​Decentralized lending protocol and fintech startup Jia raised $4.3M in a Seed funding round led by The Chernin Group (TCG Crypto), with participation from BlockTower Capital, Hashed Emergent, Saison Capital, Global Coin Research (GCR), Packy McCormick

• Odsy Network raised $7.5M in a funding round from Blockchange Ventures*, Rubik Ventures, Node Capital, FalconX. Odsy Network is a security-focused blockchain that offers a decentralized access layer to Web3 through dynamic wallets (dWallets).

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