Prada launches new fashion NFT. Former OpenSea employee arrested. South Korean government in the metaverse.
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Recap of the Week
Binance’s venture arm raises US$500 mln to invest in Web3
Singapore to explore digital asset tokenization on public chains
Two of Austrailia’s biggest banks, ANZ & NAB won’t allow trading of crypto
Former OpenSea employee arrested on insider trading charge
Solana suffers new outage, validators asked to reboot the network
Ford participates in blockchain consortium MOBI’s first EV battery standard
WeWork founder Adam Neumann raises $70M from a16z for his Web3 startup
Brazil launches blockchain for public institutions
Argentina Football Association drops NFTs with Ethernity platform
L’Oreal-owned makeup company NYX joins The Sandbox metaverse
South Korean government will invest $177m in Metaverse projects
Prada will release 100 Ethereum NFTs
NY Fed president urges colleagues to prepare for digital payment transformation
Latest Funding Rounds in Crypto
Kryptomon raises $10M. Founded in 2021 · Netherlands
Kryptomon is an NFT Play-to-Earn blockchain game, where Pokémon meets Tamagotchi and CryptoKitties.
The funds will be used to further develop the game, hiring new team members, support 3D development of the Kryptomon game interface, research & development activities.
Company valued at $50M. Round led by NFX.
Wagmi Venture Studio raises €3M in Seed Round · Founded in 2022 · Spain
Wagmi is building a community creating web3 experiences that democratize opportunity and ownership of the internet.
Wagmi Studio will use the funds to launch four web3 startups during the next two years and build a core team that will participate as a funding team in each one of the portfolio of companies.
Round Led by Inveready, Bit2Me and many others.
Chain4Travel raises £3.6M in Seed Round · Founded in 2021 · Germany
Chain4Travel is in a mission to build a blockchain platform for B2B and B2C leisure travel products from hotel rooms, car rentals, inflight food and beverage.
The investment will go toward the launch of the blockchain as well as its first applications this year.
All information about products & services including health & safety will be fed into the platform and available as NFTs.
Alloy raises €2.6M in Seed Round · Founded in 2021 · Germany
Alloy is a DeFi platform for Institutional Investors.
The funds will be used to develop a platform that allows investors to interact with existing DeFi protocols & to build a product that emphasizes security & complies with the strictest regulatory requirements.
Round led by Headline.
Flowcarbon raises $70M in Series A · Founded in 2021 · US
FlowCarbon is WeWork founder Adam Neumann’s recently launched startup. The startups uses blockchain to put carbon offset credits on-chain, accelerating the scalability of climate change solutions.
The Israeli-American businessman and investor started the firm with his spouse Rebekah and Dana Gibber.
The round, led by a16z, combines traditional venture equity and a token sale.
Acquisitions
Huobi Global acquires Bitex
Terms were undisclosed
Huobi is a global blockchain financial services provider including exchange, trade, wallet, and storage.
Bitex is a world platform for businesses that provides infrastructure to move, store and issue digital assets in Latin America & Spain.
Huobi intends to expand its position in Latin America as it believes the region will be one of the most active crypto adoption areas worldwide.