Edition #50 - 3 FEB 2023
Gaming will be big for crypto. Decentralization will be huge for gamers.
Bankless wrote a great acticle on this topic.
gaming developments
Gaming platform Oh Baby Games raised $6M in a seed funding round led by eGirl Capital and Synergis Capital, with participation from Merit Circle.
Web3 gaming studio Mythical Games releases Mythical Marketplace 2.0.
metaverses & Adoption
Our Portfolio company Ertha just announced its Beta v0.5 launch date - March 7th!
According to multiple sources, Amazon is launching an NFT initiative in the spring, which could include customers playing crypto games to claim free NFTs. While Amazon's specific crypto ambitions are unclear, the tech giant has the potential to make huge waves in the space, especially on the consumer-end.
defi
Decentralized science startup VitaDAO raised $4.1M in a token-based round. Pfizer Ventures, Shine Capital, L1 Digital and Balaji Srinivasan are among investors.
Good read "Are DeFi Degens in Good Hands? Insurance Companies Want to Help".
A16z crypto The cryptoeconomics of slashing.
funding rounds
Blockchain security firm Sec3 raised $10M in a seed funding round led by Multicoin Capital, with participation from Sanctor Capital and Essence VC.
Venom Ventures Fund started doing investments from their $1B Fund & did $5M strategic investment to Layer1 blockchain Everscale.
DeFI Axelar cross-chain swap and liquidity routing protocol Squid raised $3.5M in a seed funding round led by North Island Ventures, with participation from Distributed Global, Fabric Ventures, Galileo, Chapter One and Node Capital.
Subscribe to Weekly Essentials