Edition #52 - 17 FEB 2023
This proposal suggests freezing the BUSD reserve on the Aave V2 Ethereum market following the announcement by Paxos, the minter of BUSD, to stop minting BUSD from April 2023 and only allow redemption for their underlying value by burning BUSD, leading to a trend towards zero circulating supply over time.
gaming developments
Gaming multiverse Dimensionals (developing by Mino Games) raised $15M in a Series B funding round led by Standard Crypto, with participation from Boost VC, Collab+Currency, Earl Grey Capital, and Konvoy Ventures.
Web3 game developer Tower Pop for game Omega Royale raised $2.1M in a funding round led by Play Ventures and Agnitio Capital.
NFT game Paradise Tycoon raised $1M in a funding round. Shima Capital, Zee Prime Capital, Fomocraft Ventures and FireX Capital are among investors.
metaverses & Adoption
Metaverse content delivery system Mawari Network raised $6.5M in a seed funding round led by Blockchange Ventures and Decasonic, with participation from Abies Ventures, Accord Ventures, Anfield, Outlier Ventures, Primal Capital and others.
Love in the metaverse? Paris Hilton dropped a new dating metaverse called Parisland. Players will be able to hit on random strangers online, complete quests, and ultimately “choose a partner”.
Microsoft has canceled the Industrial Metaverse project after 4 months, about 100 employees laid of.
defi
Decentralized gaming platform Ajuna Network raised $5M in a private funding round led by CMCC Global.
Decentralized cryptocurrency exchange C3 raised $6M in a seed funding round led by Two Sigma ventures, with participation from Jane Street, Hudson River Trading, Flow Traders, Jump Crypto, Cumberland DRW, Golden Tree, CMS Holdings, AlphaLab Capital and C² Ventures.
funding rounds
No-code web3 infrastructure platform Caldera raised $9M in a funding round led by Sequoia Capital and Dragonfly Capital, with participation from Neo, 1kx, Alliance and Ethereal Ventures.
Digital Asset Infrastructure Provider Taurus Raises $65M From Credit Suisse, Deutsche Bank.
Dymension (Yishay Harel, co-founder & CEO) has raised $6.7M in a private token round, thus boosting its public testnet on February 15th. Dymension is a modular #blockchain platform that leverages Cosmos and Celestia technologies.
CUB3, Inc. (Dr. Muddy Bhatt, co-founder & CTO) has completed a $6.5M funding in Series A round led by Fabric Ventures. CUB3 is a loyalty and rewarding platform that utilizes both #Web2 and #Web3 tools.
Aptos Labs has invested in Chingari (Sumit Ghosh,CEO and co-founder), a Web3 TikTok rival.
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