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Freeze BUSD on aave

Edition #52 - 17 FEB 2023


This proposal suggests freezing the BUSD reserve on the Aave V2 Ethereum market following the announcement by Paxos, the minter of BUSD, to stop minting BUSD from April 2023 and only allow redemption for their underlying value by burning BUSD, leading to a trend towards zero circulating supply over time.



gaming developments

  • ​​Gaming multiverse Dimensionals (developing by Mino Games) raised $15M in a Series B funding round led by Standard Crypto, with participation from Boost VC, Collab+Currency, Earl Grey Capital, and Konvoy Ventures.

  • ​​Web3 game developer Tower Pop for game Omega Royale raised $2.1M in a funding round led by Play Ventures and Agnitio Capital.

  • ​​NFT game Paradise Tycoon raised $1M in a funding round. Shima Capital, Zee Prime Capital, Fomocraft Ventures and FireX Capital are among investors.


metaverses & Adoption

  • Metaverse content delivery system Mawari Network raised $6.5M in a seed funding round led by Blockchange Ventures and Decasonic, with participation from Abies Ventures, Accord Ventures, Anfield, Outlier Ventures, Primal Capital and others.

  • Love in the metaverse? Paris Hilton dropped a new dating metaverse called Parisland. Players will be able to hit on random strangers online, complete quests, and ultimately “choose a partner”.

  • Microsoft has canceled the Industrial Metaverse project after 4 months, about 100 employees laid of.


defi

  • ​​​​​​Decentralized gaming platform Ajuna Network raised $5M in a private funding round led by CMCC Global.

  • Decentralized cryptocurrency exchange C3 raised $6M in a seed funding round led by Two Sigma ventures, with participation from Jane Street, Hudson River Trading, Flow Traders, Jump Crypto, Cumberland DRW, Golden Tree, CMS Holdings, AlphaLab Capital and C² Ventures.


funding rounds

 



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