🎮$18 Billion PUBG Partners With Solana Labs #111
With or without blockchain, the gaming industry will continue to grow.
In today’s issue:
The crypto market is flat with the total market cap sitting close to $1.9-2 trillion. LRC is one of the best performers in the past 24-h as GameStop launches its NFT Marketplace with Loopring's help.
In other news, PUBG game makers partners with Solana Labs, Investment Bank Cowen launches crypto unit, and Thailand bans crypto as a payment method.
We’re continually improving our content, please reach out if you have ideas or would like us to recap another segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆PUBG Game Makers Partners With Solana Labs
Krafton, the developer behind PlayerUnknown’s Battlegrounds (PUBG), has announced a partnership with Solana Labs that includes the “development and operation of blockchain and NFT-based games and services”. PUBG is one of the most popular games in the world with more than $7 billion in lifetime player spending.
A source familiar with the deal told CoinDesk the partnership is a memorandum of understanding, meaning Krafton can still pull the plug on the partnership without legal repercussions.
⎆Investment Bank Cowen Launches Crypto Uni
NY-based Investment Bank Cowen (COWN), has announced its digital asset division, named Cowen Digital LLC, that will offer full-service trade execution and custody services for institutional clients. This marks another entrance from legacy financial firms into the crypto space. The division will be led by Managing Director Drew Forman.
⎆Thailand Bans Crypto as a Payment Method
Thailand has announced that it will bar the use of crypto as a means of payment for goods services, adding the country to the list of numerous other emerging countries that have prevented crypto to be utilized as a payment method. This move is relatively unsurprising as emerging countries typically need to conduct some sort of capital control to protect the value of their domestic FIAT currencies. Perhaps, the crypto use-case as a day-to-day payment method will be a while before it completely takes off.
👨🏻💻Decentralized Finance (DeFi)
Ramp Network Partnership with Arbitrum
The Rocket Pool Node Commission Fee is now a Fixed 15%.
Web3 Decentralized Identifier QPassport Is Live on Ethereum Mainnet Now!
Optimism Launches Ether’s Phoenix
Stablecoin Cashio Suffers 'Infinite Glitch' Exploit, TVL Drops by $28M
🏛Governance - Active Proposals
Compound - Contribute funding to the Nomic Foundation
ENS - Execute EP7
ENS - Execute EP8, EP9, and EP10
Fei - FIP-87: PCV Sentinel
Radicle - Ecosystem Growth Fund [EGF] - Start Funding
Uniswap - Funding to the Nomic Foundation
🦮NFT & Metaverse
GameStop NFT Marketplace now Live and Powered by Loopring L2
Meta Files 8 Digital Asset and Web 3 Trademark Applications
PUBG Publisher Krafton Partners With Solana Labs
Marvel NFT Partner Closes its Marketplace After an in-App Token Exploit
Animoca Brands Targets Social Media Giants in Latest Web3 Expansion Plans
SportsIcon to Open Metaverse Where Athletes Can Interact With Fans
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Joystream - $5.8M Unknown Round
Bastion Protocol - Undisclosed $ of Seed Round
Tea - $8M Seed Round
Acala - $250M aUSD Ecosystem Fund
Nexo - $150M Web3 and Acquisition Fund
⚖️Regulatory Update
US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment
UK, US Regulators Call for Global Collaboration in Overseeing DeFi
EU Set to Experiment With Blockchain-Based Stock, Bond and Fund Trading
MiCA Could Be Delayed by EU Parliamentarians Over Proof-of-Work Provision
India’s Proposed Crypto Tax Rules Likely to Become Law Thursday
India’s Crypto Industry Fears Proposed Tax Rules Will Increase ‘Brain Drain’
Honduras’ Central Bank Debunks Bitcoin as Legal Tender Rumors
MoonPay Adds Obama-Era Money Laundering Watchdog
Australian Bank Drops Anti-Crypto Stance and Embraces Stablecoins
📚Noteworthy Reads
Will Phan’s Thread on Anchor Output Deposit Rate
Mason Nystrom’s Thread on The Digital Land Debate
Nagaking’s Read on Deep Dive: Curve v2 Parameters
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.