Top Web3 Headlines from Last Week 10.03.2022

Here are the top web3 stories from last week.

Partnerships

Apple Leads the NFT News Cycke

🍎 News broke this week that Apple plans to allow NFTs in apps in their App Store. Unfortunately, it appears Apple plans to charge their standard 30% transaction fee on these, sparking outrage from NFT players. Nothing is done on this yet, and overall it seems positive that Apple is finally willing to play ball. Speaking of playing ball, the Patriots announced an NFT partnership with Chain. Auction house Christie’s also revealed plans for their own NFT marketplace.

Capital Raised

Funding Activity Picks Up Across Web3

💰 The Cardano blockchain announced a $200MM ecosystem commitment. Crypto payment firm Strike added $80MM. Two leading NFT projects brought on new cash, Azuki with $30MM and Hume got $11.7MM. Finally, FTX won the bankruptcy auction for defunct DeFi lender Voyager.

Regulatory Actions

CFTC and State Regulators Make Moves

⚖️ The CFTC rocked the DAO market with action against the bZx Crypto protocol. The agency fined the creators of the program and also asserted that the participants in their DAO were also potentially liable. In a public dissent, one CFTC Commissioner said the agency went too far. Additionally, eight state regulators accused DeFi lender Nexo of selling unregistered securities in their states.

Content

Vitalik Buterin on Bankless Podcast

🎙️ Ethereum creator Vitalik Buterin appeared on the popular Bankless podcast this week. He discussed the Merge in depth and laid out the plans for future upgrades to the leading programmable blockchain.

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