DeFi: December headlines
- Solana DeFi is down 98% from $10.17 Billion: the sharp decline has been majorly linked with the FTX demise as SBF, FTX’s former CEO, now termed the biggest fraudster in history, strongly backed Solana’s native token, SOL (source)
- Uniswap overtakes Solana and becomes 16th top crypto: market data shows that Uniswap’s market cap stands at $3.875 billion. It is 5.36% higher than solana’s current market cap of $3.678 billion (source)
- Solana DeFi exchange Raydium hacked for over $2 million (source)
- 6 quadrillion tokens were hacked on DeFi protocol Ankr, which is speculated to be an inside job (source)
- SushiSwap proposes 'immediate' action to support its treasury: SushiSwap is facing a significant deficit in its treasury that threatens its long-term operational viability, to address this, lead developer Jared Gray proposed setting Kanpai, a fee-diversion protocol, to 100% of fees diverted to the Treasury multisig for one year, or until new token distribution and reward schemes are implemented (source)
- T3rn raises $6.5 million for bridge-free multi-chain interoperability - t3rn is currently working on developing an expressive protocol for making generalizable function calls across multiple chains that will allow for the composition of multi-step transactions across several chains with a single call, which is not possible with bridges (source)
- DeFi protocol perennial launches, announces $12M in funding - Perennial is a decentralized-finance (DeFi) platform used to trade derivatives (source)
#DeFi#December2022#trends
Metaverse: December headlines
- BlackRock unveils metaverse and global SRI ETFs - Qontigo selects the top 10% of companies with High Quality Patents (HQP) in technologies ranging from 3D image modelling, avatars, blockchain, graphic processing units (GPU), non-fungible tokens (NFT) and virtual, augmented and extended reality, based on EconSight data (source)
- Metaverse-first blockchain Lamina1 launches rolling fund for Web3 builders to provide them with a capital-raising tool for their open metaverse ventures and to offer investors a chance to get in on projects at the ground level (source)
- South Korea’s wild plan to dominate the metaverse - the South Korean government has an ambitious $44.6 billion plan called the “Digital New Deal”, including $171.6 million earmarked to help South Korea become ranked No. 5 among the most metaverse-adopted countries in the world by 2026 — up from its current place at No. 12 (source)
- Alibaba's E-Commerce Platform Braces For Its Metaverse Debut - Taobao conducted final tests before making its first metaverse live-streaming product, which will likely launch online around the upcoming New Year's shopping extravaganza (source)
- Metaverse experience to sway real-world travel choices in 2023 - a survey participated by 24,179 respondents across 32 countries reveal that nearly half, or 43% of the respondents, intend to use virtual reality to inspire their choices (source)
- Warner Music Group Furthers Metaverse Push With Digital Fashion Startup DressX - Warner and DressX want everyone to have a “meta-closet” full of digital wearables (source)
#metaverse#December2022#trends
Crypto Payments: December headlines
- Stripe debuts fiat-to-crypto payment offering for Web3 businesses - the widget allows customers to more easily use crypto to engage with businesses and content creators across the world (source)
- Crypto.com receives license as a payment institution in Brazil, the company is the first crypto exchange to become a licensed payments institution in the South American country (source)
- Visa released a technical paper in which it explored the possibility of developing an automatic payment system for self-custodial wallets on Ethereum (source)
- South African digital-only bank launches crypto payments gateway - Be Mobile Africa has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency to "help small businesses preserve wealth in unfavourable economic conditions” (source)
- Crypto Refills Labs releases a report on consumer adoption on crypto payments - according to report, cryptoshoppers are less worried about transaction fees, more interested in stablecoins and spend crypto more frequently (source)
#paymentsolutions#December2022#trends
Web3 Creator Economy: December headlines
- Impact Venture Capital invests in $8 million seed round for Web3 startup Virtualness - Virtualness is a mobile-first platform designed to help creators and brands navigate the complex world of Web3 (source)
- Animoca Brands and its subsidiary TinyTap, the platform for user-generated educational games, announced that the second series of teacher-authored Publisher NFTs will be auctioned on OpenSea starting at 19:00 (EST) on 15 December, the firm’s recently introduced Publisher NFTs leverage Web3 technologies and community to improve earning opportunities for educators, create new earning and promotional options for co-publishers, and empower the community to directly support the growth of learning (source)
- Web3 Game project Magic Fantasy has completed $3 M private round investment - Magic Fantasy is a strategic card game, which enables players to co-share the rewards of the game through winning in PvP season and will release the creation power of equipment, gameplay, etc, so as to motivate the players become creators (source)
- Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms - Revel is a cross between a social network and a marketplace meant to be a simple trading platform that’s gamified, allowing individuals to mint photos and videos as collectibles (source)
#creatoreconomy#December2022#trends
Wallets: December headlines:
- Crypto wallet BitKeep loses $8 million in ongoing hack - Bitkeep points to malicious APK packages (source)
- Anonymous crypto wallet moves $80 million worth of Bitcoin onto Coinbase - cryptocurrency transfers from wallets to exchanges is typically a bearish signal (source)
- Senator Warren introduces new crypto bill targeting self-custody wallets, the bill would expand KYC requirements for crypto network participants, is descibed by critics as “opportunistic” and “unconstitutional” (source)
- Huobi releases a report on crypto wallet usage, highlights that crypto wallets users grew to 85 million in 2022 (6% increase) (source)
- SafePal integrates support for TON - SafePal users will now be able to store and send the native $TON token within their hardware and software wallets. Additionally, it will be possible to directly interact with the Decentralized Applications (DApps) that currently exist on the TON blockchain (source)
#wallets#December2022#trends