$190m stolen from Nomad. Starbucks teases Web3 rewards program. Solana network hacked.
Even though there has been some skepticism with CBDCs and stablecoins, there are many developments going on.
The Swiss National Bank has been cooperating with the Banque de France to work on a cross-border CBDC project. The challenges that they have encountered are the different regulations, jurisdiction, and legal questions between the two countries.
Watch the panel discussion that took place during #EBC22.
Speakers: Monty Metzger, LCX | Jean Safar, Digital Asset | Thomas Moser, Swiss National Bank | Dorian Vincileoni, Kucoin.
Recap of the Week
Thousands of Solana wallets drained in $6m exploit
$190m stolen from crypto bridge Nomad. Hackers return $9m
Binance starts NFT ticketing services with sports club Lazio
Aglaé Ventures to launch €100mWeb3 fund
MicroStrategy CEO Michael Saylor steps down
Blackrock partners with Coinbase to offer crypto services to institutions
Consumer goods company Unilever unveils Web3 & metaverse initiatives
Tiffany & Co. launches a collection of 250 digital NFTs which can be purchased only by CryptoPunk holders
Socios invests $100m in FC Barcelona studios to accelerate Web3 strategies
Babel Finance loses $280M trading customer funds
Starbucks teases Web3 rewards program to attract new customers
Tinder pulls back on Metaverse dating plans
Meta is expanding NFT support on Instagram to 100 countries
Provenance is everywhere.
The ability to capture, record, and share the origin and life journey of any physical or digital asset, in a trusted and efficient way, can translate into immense value across industries.
This is the reason why BTP built and launched its blockchain-backed and domain-agnostic provenance solution, Chronicle. Watch a short video about Chronicle here, and if you are interested in finding out more, request a demo.
Latest Funding Rounds in Crypto
Skrmiish raises $2.5M in Seed Round · Founded in 2018 · South Africa
Skrmiish is a mobile “play-to-earn” app that enables gamers of every level to earn cash in every match they play across top games.
The funds will fuel its international progress, speed up scalability by integrating extra sport titles and launch its Skrmiish token.
The startup has over 100k gamers
Round led by Stellar Development Foundation, Launch Africa & Blockchain Founders Fund.
Xion Finance raises $50M · Founded in 2021 · Singapore
Xion Finance is a DEX aggregator, governance, staking and multi-chain launchpad protocol.
The company offers multi-chain bridging solutions for zero slippage swaps, high-yielding staking opportunities and seamless investment allocations into top-tier metaverse and gaming IDOs.
The funds will be used to expand their DeFi infrastructure across multiple blockchain networks.
Round led by GEM Digital Limited.
Bits raises $1.2M in Seed Round · Founded in 2021 · US
Bits allows users to invest their spare change in cryptocurrencies through automatic dollar roundups.
The startup will use the funds to facilitate gradual investments in crypto by building its mobile crypto-investment application.
Round led by HOF Capital.
AO Labs raises $4.5M in Seed Round · Founded in 2021
AO Labs is a virtual studio where Web 3 communities can collaborate, create, compete and be themselves.
The studio’s mission is to build a playground for Web 3 communities in building a community-owned, open-source game platform called Spacebar.
Spacebar is a space-themed casual game that integrates Web 3 tools including DeFi, NFTs and game guilds.
Round led by Yield Guild Games.
Acquisitions
Messari acquires Dove Metrics
Terms were undisclosed
Messari is a crypto information and data services firm providing market intelligence in the crypto economy.
Dove Metrics is a provider of fundraising data and intelligence for the crypto fundraising landscape.
The acquisition of Dove Metrics will enable Messari to offer new datasets and tools that further allow users to stay on top of industry trends.
Meme of the Week
Very interesting update! 👍