📱Telegram Teases Web 3.0 Update - TWJ #214
Users might be able to transact usernames in a marketplace.
In today’s issue:
The crypto market is flat with its total market cap above ~$1 trillion. EOS (EOS) has been the best performer in the top 100 in the past 7-d. The Crypto market retraced significantly over the weekend.
In other news, Telegram teases an NFT-like auction marketplace, Invesco launched a metaverse fund, and Hodlnaut reports a $193m financial shortfall.
We’re continually improving our content, please reach out if you have ideas or want us to recap another market segment.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Telegram Teases an NFT-Like Auction Marketplace
The messaging app popularly used by crypto natives teased that it may launch a new marketplace for its users to transact usernames via “NFT-like smart contracts”.
Telegram can do a lot with crypto. It’s already the preferred messaging app for crypto natives, similar to Discord. If they implement more web 3.0 integration, it can be “the” killer app that we need.
⎆Invesco Launched a Metaverse Fund
Investment giant Invesco is set to launch its Metaverse Fund registered in Luxembourg. The fund will focus on seven key areas: next generation operating and computer systems; hardware and devices that provide access to the metaverse; networks for hyper connectivity; immersive platforms developed with artificial intelligence; blockchain; interchange tools for interoperability; and services and assets facilitating the digitisation of the real economy.
⎆Hodlnaut Reports $193M Financial Shortfall
The trouble crypto lender reported a $193M financial shortfall in a court filing earlier this month. On August 19, the firm verified that it is facing police proceedings in Singapore and has laid off 80% of its employees.
"As of 8 August 2022, the Hodlnaut Group has an outstanding liability balance of SGD 391M and estimated realisable assets of SGD 122M in cryptocurrency. This financial position gives the Hodlnaut Group a realisable cryptocurrency Asset to Debt ratio of about 0.31 (ie. 31 cents on the dollar),"
👨🏻💻Decentralized Finance (DeFi)
Sushi is Searching for a Sushi Head Chef
JOE Introduces Liquidity Book
Silo is Live
Cream Suffers a Liquidity Crisis
Acala $1.68B aUSD Error Mints will be Burned
Sepolia Is the First Ethereum Testnet to Get a Post-Merge Upgrade
🏛Governance - Active Proposals
Compound - The first proposed Compound III market is USDC on Ethereum
Uniswap - Create the Uniswap Foundation
🦮NFT & Metaverse
Bend DAO NFT Lending Protocol Proposes Emergency Changes
Telegram Founder Suggests 'NFT-like Smart Contracts' to Auction Usernames
‘Witcher’ Animator Launches DRKVRS Game, NFTs to Bridge Cyberpunk
Pudgy Penguins Ethereum NFTs Pump 83% As Meta, Nansen Execs Join Advisory Board
Sudorare Disappears From the Internet With 519 ETH
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
⚖️Regulatory Update
South Korea Plans to Tax Crypto Airdrop Recipients: Report
Australia to Use 'Token Mapping' as Framework for Crypto Regulation
Ex-OpenSea Executive Files to Dismiss DOJ Case Alleging Insider Trading
Argentine Presidential Candidate Sued Over Alleged Crypto Ponzi Scheme
Hodlnaut Reports $193 Million Financial Shortfall
📚Noteworthy Reads
Ryan.eth’s Short Essay on Web3 Fundamentals
Eric Wall’s Read on The Case for Social Slashing
0xRusowsky’s Read on Digital Signatures: ecrecover
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.