Edition #75 - 12 AUG 2023
In PayPal's latest crypto payment push, PayPal USD (PYUSD) will be issued by Paxos Trust Co. and fully backed by U.S. dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based payments company said on Monday. It’s pegged to the dollar and will be gradually available to PayPal’s customers in the U.S.
Meanwhile, Spain's central bank approves euro-linked token pilot as part of sandbox initiative.
gaming developments
Gamefi: a gaming paradigm shift or another bubble about to burst?
Exploring the power of gamification, NFTs and data in Web3 with Animoca Brands founder Yat Siu.
Newzoo's Global Games Market Report 2023 was just released.
Amazon Prime's NFT treat: free in-game NFTs for players.
Mahjong e-sports Web3 gaming platform on Ethereum Mahjong Meta raised $12M funding round led by Dragonfly Capital, Folius Ventures, with participation from Meteorite Labs, Find Satoshi Lab, Parallel Ventures, Emoote.
metaverses & AI
Tezos-based generative art NFT platform fxhash raised $5M in a Seed funding round led by 1kx, with participation from Fabric Ventures, Bright Opportunities DAO, Union Square Ventures (USV), Tezos Foundation, Tane, Daedalus, Everyrealm, Punk DAO, KRPDM.
Web3 security platform CUBE3 AI raised $8.2M in a Seed funding round led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital (ex Hyperedge Capital), Hypersphere, TA Ventures, Iclub.
defi
An institutional-grade perpetual futures DEX D8X raised $1.5M in a Pre-seed funding round led by Polygon Ventures, with participation from Swissborg Ventures, Cogitent Ventures, Axelar Network, Veris Ventures, G1 Ventures, Pragma Ventures, Crypto Discover.
Perpetual DEX focused on risk management and capital efficiency KiloEx closed its funding round led by Binance Labs Fund. Amount raised is not disclosed.
Decentralized Rollup-as-a-Service protocol AltLayer closed its funding round led by Binance Labs Fund. Amount raised is not disclosed.
DeFi protocol offers Ethereum staking experience unshETH raised $3.3M in a Seed funding round from Soma Capital, ICONIQ Growth, THE LAO, Backend Capital, Electric Feel Entertainment & Ventures, MH Ventures, 300DAO, Electric Ant, HF0, Epakon Capital.
funding rounds
Multicoin backer L1 Digital raises $152M for second Crypto VC Fund.
All-in-one Web3 benefits and membership platform VIP3 raised $2M in a Seed funding round from IOBC Capital, Ankr Network, PAKA.
Anti-slashing liquid staking Protocol Puffer Finance raised $5.5M in a Seed funding round led by Lemniscap, Lightspeed Faction, with participation from Brevan Howard Digital, Bankless Ventures, Animoca Ventures, DACM, SNZ Holding, Canonical Crypto.
