Fed hikes its benchmark interest rate by 0.75 percentage point

Edition #22 - 17 JUNE 2022


The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994.



gaming developments

  • Derby Stars, an AAA play-to-earn horse racing game, is migrating to Polygon citing Terra’s price crash and related issues;

  • Gaming DAO Merit Circle and pioneer P2E guild Yield Guild Games terminate relationship by mutual agreement after Merit Circle DAO votes to buy YGG out;

  • Axie Infinity economic model slammed by Bloomberg Crypto.


metaverses & Adoption


zen portfolio highlight


This week we are thrilled to announce that our portfolio company Mars4 has launched the demo release of the highly anticipated, first ever triple-A blockchain metaverse game - Mars 1.0!


Become the pioneer of the first colony on Mars – find out more about the latest developments on Twitter, Discord and Telegram.



defi


funding rounds

  • Wildcard Alliance, a first-of-its-kind strategy and card game and web3 development studio, raises $46 million Series A led by Paradigm, with participation from Griffin Gaming Partners at undisclosed valuation;

  • Coinhouse, a digital assets service provider, has closed its $42.5 million funding round led by ODDO BHF and True Global Ventures;

  • Orderly Network, a decentralized exchange protocol, has raised a $20 million Series A round led by Pantera Capital, Three Arrows, Sequoia, Jump Crypto and others.

 



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