Art and profile picture NFTs brought a few hundred thousand people to web3. NBA Top Shot and Sorare sports collectibles added another million. The next huge leap will come from video gaming. Over 2.5 Bn people worldwide play some type of video game today, that is nearly 1 in every…

Here are the top web3 stories from this week. Market Update Crypto Markets Hit with Liquidation Fears 📉 Coming off the huge losses from Terra/Luna, the Crypto markets are down big again after two new hotspots flared up this week. The week started with news that DeFi lender Celsius was…

In a recent post, I wrote about the companies with giant consumer audiences that have made big commitments to web3. This includes the NBA, NFL, Disney, Warner Bros, and more. These companies have figured out how to bring new products to their fans and use this new technology to monetize…

Here are the top web3 stories from this week. New Products Illivium Sells $72MM in Virtual Land 🏠 A blockchain game called Illivium sold 20K parcels of virtual land this week for $72MM in proceeds. The game features “players in an alien world capturing and battling creatures, known as Illuvials.”…

Back in March, the U.S. Department of Justice (“DoJ”) brought criminal charges against two creators of a failed NFT project for a “rug pull”. A rug pull is where a project makes lots of promises of future benefits to NFT buyers and then they run off with the proceeds of…

Here are the top web3 stories from this week. Capital Raised WeWork Founder Raises $70MM for New Crypto Startup 🌲 Adam Neumann is back with a new startup called Flowcarbon. He closed a $70MM funding round last week, led by A16Z Crypto. The new company will help companies sell tokenized…

Back in January 2022, Ethereum creator Vitalik Buterin wrote an interesting post called “Soulbound”. You can read the full article here. The concept originated in the video game world, where certain weapons or items were tied to a specific person’s game identity. These items were soulbound and could not be…

Here are the top web3 stories from this week. Capital Raised VC Firms Continue to Raise for Web3 💰 This week crushed last week’s cash inflow to Crypto focused venture funds. Venture leader A16Z announced a massive $4.5Bn fund, split between an early stage and a growth fund for the…

I was on a panel a few weeks ago with a large group of web3 startups. One of the questions we spent a bunch of time on was around how web3 startups are being considered and valued in today’s market. This was asked before the tech stocks got crunched in…