Edition #77 - 12 SEP 2023
The new entity, ZAN, will help the parent company shake off its affiliations with Web3 and proceed to the IPO.
gaming developments
Saudi Arabia looks to blockchain gaming and Web3 to diversify economy.
Google has updated its policies and will start allowing ads for NFT games starting later this month. Games that offer wagering or staking will require additional certifications.
Web3 arts startup TRLab raised $5M in a Seed funding round led by Hivemind, OKX Ventures (ex OKEx Blockdream Ventures), with participation from Hashkey Capital.
Reddit Kicks Off Football Season With NFTs of every NFL team.
Justin Bieber’s song “Company” is being turned into NFTs. 1% of the total portion of streaming royalty rights will be split between 2,000 NFTs, with the holders getting a piece of future streaming royalties.
metaverses & AI
How AI converges with Web3 - insights from navy, CEO of Footprint Analytics.
China wants metaverse firms with ‘global influence’ and plans for up to 5 industrial clusters by 2025.
defi
funding rounds
Fintech platform that specializes in securitization GenTwo raised $15M in a Series A funding round led by Point72 Ventures.
Domain name startup D3 Global raised $5M in a Seed funding round led by Shima Capital, with participation from Maelstrom, Dispersion Capital, Infinite Capital.
Network for creators and intellectual property Story Protocol raised $54M funding round led by Andreessen Horowitz (a16z crypto), with participation from Hashed, Endeavor, Samsung Next.
Interoperability protocol bringing seamless connectivity across blockchains Socket Protocol raised $5M in a Strategic funding round led by Coinbase Ventures, Framework Ventures.
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