Snap cancels Web3 plans. Netflix bans crypto ads. LG clients trade NFTs on TV.
Recap of the Week
Crypto.com terminates $500M sponsorship with UEFA Champions League
Snap Inc cancels its Web3 plans
Celsius co-founder declares his equity is ‘worthless’ in court
Mayo Clinic taps into blockchain technology for clinical trials
Sony Music files trademark application for NFT-authenticated music
GameStop is partnering with FTX to bring more customers to crypto
Hive Blockchain explores new mineable coins ahead of Ethereum merge
Binance suspends ETH deposits and withdrawals ahead of the Merge
Netflix bans crypto-related ads on its ad-supported subscription tier
UK regulators target Revolut for 'material misstatement' in audit
Reddit NFT avatars selling for a premium on OpenSea
Australian police sets up crypto division to trace transactions
LG launches NFT platform that allows users to trade NFTs on TVs
Bank of Russia to legalize crypto for cross-border payments
FIFA to launch blockchain collectibles of world cup video
At a Bitcoin-themed wedding in Lebanon every guest received Satoshis
Latest Funding Rounds in Crypto
Exchange Art raises $3.2M in Seed Round · Founded in 2021 · UK
Exchange Art is a digital art marketplace on Solana.
Exchange Art allows artists to sell their artworks for just 2.5% per sale, compared to the typical 50-70% of traditional galleries.
The firm will use the funds to support product development and grow the artist & collector base.
Round led by Big Brain Holdings. The round was raised at a valuation of $30M.
DoxyChain raises €2.2M in Seed Round · Founded in 2019 · Poland
DoxyChain is a platform for document digitization and management.
Powered by its own blockchain, DoxyChain’s digital contract management system records information securely in the blockchain. Once recorded, the data can’t be changed.
Funds will support product development, team growth and foreign expansion.
Round led by Level2 Ventures.
Gameplay Galaxy raises $12.8M in Seed Round · Founded in 2021 · US
Gameplay Galaxy is a Web3 gaming ecosystem.
The funds will be used to build out more features for the platform as well as new games. It will also offer a wallet to users.
Users will be able to earn money and in-game assets by competing in Trial Xtreme’s competitions.
Round led by Blockchain Capital with participation from Solana Ventures, Yield Guild Games & others.
KLOOV raises €50K · Founded in 2021 · Spain
KLOOV offers artists an easy way to create digital collectibles and deliver meaningful experiences.
KLOOV is a connected music industry network, where artists can make the most out of their creations, and music lovers can be valued and recognized, building together communities to share and support their favorite artists.
Round led by Protocol Labs.
Acquisitions
WonderFi acquires Blockchain Foundry
Canada-based WonderFi provides access to financial services through DeFi.
Blockchain Foundry provides custom blockchain consulting, development and integration solutions.
This acquisition further solidifies WonderFi as the Canadian leader in the digital asset space.
BnkToTheFuture acquires SALT
Terms were undisclosed
Hong Kong-based BnkToTheFuture is an online platform that facilitates investments in FinTech, blockchain, and bitcoin companies.
Us-based SALT is a platform that offers loans to Bitcoin holders.
The acquisition will give users the ability to borrow against their crypto holdings.