Top Web3 Headlines from This Week 01.27.2023

Here are the top web3 stories from this week.

Product News

Happenings Across Web3

📱 Robinhood announced the launch of their digital wallet with 1MM users on waitlist. L’Oreal invests in a metaverse startup called Digital Village with plans to integrate offerings. Animation studio from Rick and Morty creator sells to Doodles NFT project team. On the negative side, DeFi lender Genesis filed for bankruptcy amid losses and SEC investigation.

Capital Raised

Funding Continues Strong

💰 The market saw continued new deals this week. Injective announced a $150MM ecosystem fund for Cosmos. Deal Box launched a $125MM web3 venture fund. Blockstream added $125MM for Bitcoin mining. QuickNode raised a $60MM Series B for blockchain tech. Candy Digital, a sports NFT leader, restructured with a $38MM cap raise and buyout of original partner Fanatics. Team from Myspace and Jam City is growing NFT gaming startup Plai Labs with a $32MM raise.

Why I Started W3 Studio

Learn How My Grandparents Inspired My New Non-Profit

👴🏻👵🏻 To understand why I am committing the next 10 years to W3 Studios you need to hear the story of how my grandparents survived World War II. They were helped in many ways by people, which gave them the chance to come to the U.S. to pursue a better life. Read about it here.

Content

Pantera’s 2023 Outlook

📰 Pantera launched one of the first Crypto funds way back in 2013, and they have made VC investments in Coinbase, Circle, and 100+ other web3 startups. They posted this report on the Crypto industry for 2023. They share macro thoughts, details on the venture industry, and more.

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