Mastercard launches NFT debit card. Crypto.com, approved in France. Walmart dives into the Metaverse.
If you are considering a career in the crypto and web3 space, join our online event with Nadejda Petrova, Head of Institutional Client Management at Nexo. We will have a very interesting conversation around:
Why should people consider moving into crypto and web3?
When hiring, what are the companies in the space looking for?
Recap of the Week
FCA authorizes Revolut to offer crypto products and services in UK
Crypto​.com scores fresh regulatory approval in France
Israel, Norway and Sweden partner with BIS to explore CBDC
Walmart dives into the Metaverse
SWIFT partners with Chainlink to work on a proof-of-concept project
UAE Ministry of Economy opens up new headquarters in the Metaverse
Kazakhstan ready to legalize crypto
Russia may launch a CBDC, a digital ruble, by early next year
Mastercard launches NFT debit cards
California files order against crypto lending platform Nexo
Veritaseum Capital sues Coinbase for $350M alleging patent infringement
The EU to ban Russian crypto payments to european crypto wallets
President of FTX, is stepping down from his role
China president, optimistic about blockchain technologies' future
Latest Funding Rounds in Crypto
Lit Protocol raises $13M in Series A · Founded in 2021 · US
Lit Protocol is a decentralized access control infrastructure designed to bring more utility to the web.
Lit gives users a private key that is interoperable across DeFi, DAOs and NFT ecosystems. It works on Ethereum, Cosmos and Solana.
The funds will be used to hire developers.
Round led by crypto investment firm 1kx.
Immortal Game raises €12.2M in Series A · Founded in 2021 · France
Immortal Game is a play-to-earn, free-to-play chess game.
Players can do things like complete objectives to get rewards. They can also use NFTs for certain pieces in each game, which can also be sold later.
The funding will be used to build its platform. It plans to expand its main markets in the US, Europe and India.
Round led by TCG Crypto.
Nobank Labs raises Seed Round · Founded in 2022 · Switzerland
Nobank Labs aims to simplify access to crypto investments and the DeFi world.
With Nobank, users create an account directly on the blockchain and remove all intermediaries. Users don’t give up custody.
Round led by Plug and Play.
AQUA raises $10M in Seed Round · Founded in 2022 · US
AQUA is a Web3 gaming marketplace for players.
The AQUA marketplace provides a community-driven place for players to buy and sell Web3 game assets. It will use the funds to highlight featured games and for partnerships.
Round led by DIGITAL.
Acquisitions
Nexo acquires Summit National Bank
Terms were undisclosed
Summit National Bank, a US federally chartered bank regulated, supports a wide array of financial services in the new Banking-as-a-Service paradigm.
Nexo provides an all-in-one crypto platform that enables users to buy assets, earn interest, and borrow.
The acquisition will further boost Nexo’s US presence, enabling the digital asset specialist to open bank accounts with Summit National Bank.
Meme of the Week
