Luna 2.0 cumulative trading volume reaches almost $2.5 billion in 4 days

Edition #20 - 3 JUNE 2022

The new network saw huge investor interest in May after the revival of the Terra project, which saw the old digital currency and its network rebranded to Terra Classic (LUNC). Major exchanges Binance, Kucoin and Crypto.com, amongst others, have supported the Luna 2.0 airdrop to existing Luna Classic holders.

gaming developments

• IIlluvium land sale is live, here’s how to participate;

• Axie Infinity announces the first 12 projects joining its Builders Program;

• Sequel to iconic RPG Ni No Kuni set to feature NFT integration and Play-to-Earn mechanics.

metaverses & Adoption

• Venture Capital crypto investments declined 38.2% month-on-month, from $6.8 billion in April to $4.7 billion in May;

• Former OpenSea employee charged in first ever digital asset insider trading scheme;

• Bank of America CEO: we have hundreds of blockchain patents but regulators block us;

• Kanye West owned Yeezus files for metaverse and NFT trademarks, hinting at a metaverse-themed amusement park, NFTs, toys and more.

zen portfolio highlight

This week we highlight our portfolio company Mars4, a triple-A survival metaverse on Mars - a colony in an atmospheric struggle against the harsh realities of life on the red planet.

Mars4 is proud to announce the relaunch of its metaverse land store followed by a massive Mars Land NFTs sale campaign. Become a Mars land owner today – we’ll even throw in a sneaky discount code - use SFZO0A6SM8 for 20% off!

Find out more about Mars 4 by engaging with vibrant Mars4 communities on Twitter, Discord and Telegram.

defi

• Total Value Locked (TVL) in DeFi protocols declines by 40% in May;

• Japan passes stablecoin bill ensuring redemption at face value;

• Tether’s USDT launches on Polygon, the 11th blockchain supporting the stablecoin;

• A $90 million Mirror DeFi exploit on Terra went unnoticed for seven months;

• JPMorgan dips into DeFi with Singapore pilot on asset tokenization.

funding rounds

• Infstones, a web3 infrastructure builder, has closed its $66 million funding round this week, led by Softbank’s Vision Fund 2 and GGV Capital. The round, reportedly, brings Infstones “near unicorn status”.

• Size, an OTC on-chain startup, successfully raised a $6 million Seed round, led by Three Arrows Capital, Wintermute and mgnr at undisclosed valuation;

• Utopia labs, a payroll and expense software for web3, has closed its $23 million Series A round led by Paradigm.

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