📷Instagram to Integrate NFTs - TWJ #105
Your pretentious friend can now flex her BAYP instead of her CHANEL.
In today’s issue:
The crypto market is flat with the total market cap sitting at ~$1.7-1.8 trillion. THORChain (RUNE) is the best performer in the past 7-d amongst the top 100 assets. Global markets are on edge as today is the day that the Fed is expected to hike interest rates for the first time since 2018.
In other news, Instagram will soon integrate NFTs, ConsenSys hits a $7 billion valuation, and former Meta employee raises $200M for a new blockchain.
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
⎆Instagram Will Soon Integrate NFTs
Following suit its Metaverse-focused ambition, Zuck has said that the firm is working on integrating NFTs into Instagram in the near term. Zuck broke the news at a panel in South by Southwest (SXSW), although he didn’t go into specific details.
⎆ConsenSys Hits a $7 Billion Valuation
Crypto juggernaut ConsenSys has announced its $450M Series D raise at a $7 billion valuation. The firm which was founded by Joseph Lubin, one of Ethereum’s Co-Founders, is one of the most important companies in crypto. While ConsenSys has multiple products under its name, it was reported that the funding will support a major redesign of MetaMask for a release later in 2022. — Sir wen airdrop? 👀
⎆Ex Meta Employee Raises $200M for a New Blockchain
Aptos, the blockchain built by former Meta employees has raised $200M in a round led by a16z (as always), with involvements from Multicoin and Coinbase Ventures. Aptos is another layer 1 blockchain aiming to scale and compete in the smart contract and decentralized applications realm. The tech, unsurprisingly, is based on the now-defunct Facebook’s initiative, Diem network.
👨🏻💻Decentralized Finance (DeFi)
LayerZero is now Live in Beta
Ethereum Overtakes Visa in Total Volume in 2021
MakerDAO Tokenomics and Governance Revamp Proposal
StarkNet Alpha 0.8.0 is Live on Testnet
Klin, Ethereum Merge Testnet is now Live
Binance Temporarily Halts Polygon Deposit and Withdrawal to Sync Nodes
Enjin Launches Polkadot Parachain for NFTs and Gaming
PsyFinance v2 Soon
Vovo Finance Launches in Arbitrum
DEX Aggregator Matcha Geoblocks Traders from Russia
Deus Finance Exploit: Hackers Get Away with $3M Worth of DAI and ETH
Lending Protocol Agave's AGVE Plunges Over 20% Amid Exploit Investigation
Coinbase Outlines the Path Ahead for Its Planned Derivatives Offering
Crypto.com Kicks off Rollout of Its Us Exchange Platform
🏛Governance - Active Proposals
Babylon Finance - BIP-14: 🌊 Increase BABL Liquidity
Compound - Lower Proposal Threshold to 25K COMP
PoolTogether - PTIP-62: Grants Committee Funding (Q4)
Radicle - Radicle Ecosystem Growth Fund [EGF] - Start Funding
🦮NFT & Metaverse
NFTs Are Coming Soon to Instagram
Nansen's Indexes Reveal Insightful Trends in the NFT Space
Bored Ape Startup Plans Virtual Land Sales, APECoin Token to Kickstart Metaverse Gaming Project
McLaren to Mint NFTs of Luxury Supercars in InfiniteWorld Partnership
American Express Files Trademark Applications for Metaverse and NFT Logos
Formula 1 Ethereum NFT Game is Shutting Down
Mobile Game Castle Crush to Add Avalanche NFTs, Tokens
LimeWire Selects Algorand for the Relaunch of its NFT Marketplace
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Zebec Protocol - $28M Unknown Round
Aptos - $200M Unknown Round
TravelX - $10M Seed Round
Treehouse - $18M Seed Funding
Hex Trust - $88M Series B
ConsenSys - $450M Series D
Stellar Development Foundation - $30M Investment Fund
IoTeX - $100M Ecosystem Fund
⚖️Regulatory Update
UK’s FCA Opens Search for Head of Crypto Division
Bitcoin-Friendly Mayors View Blockchain as a Way to Boost Equality, Diversity
NCA Wants Regulation for Coin Mixers
Shanghai Police Bust $16M Crypto Pyramid Scheme
📚Noteworthy Reads
Lily Francus’s Thread on LUNA Bet
Qiao Wang’s Thread on Common Pitfalls for Web3 Founders
Ansem’s Read on Crypto Market Quater II 2022
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.