Top Web3 Headlines from This Week 03.24.2023
Here are the top web3 stories from this week.
Products
Polygon Inks Two New Partnerships
🚀 Layer-2 leader Polygon inked a deal with Salesforce to build onchain loyalty programs for businesses. Polygon also announced an alliance with Immutable to advance web3 gaming. Additionally, web3 golf community LinksDAO won the bid to buy a golf course in Scotland.
Legal
SEC Comes After Coinbase and Others
⚖️ The SEC has sent Coinbase a Wells Notice, preparing for possible enforcement action against the Crypto leader. Coinbase CEO Brian Armstrong came out swinging, challenging the SEC that they are the most proactive market participant and threatening to battle this in the courts. The SEC also charged Tron founder with selling unregistered securities and settled with multiple influencers for improper promotions including Jake Paul and Lindsay Lohan. 8 YouTubers were sued by FTX customers for their promotion of the failed exchange.
Capital Raised
Active Funding Week for Web3 Startups
💰 Crunchbase reports that VCs continue to invest in web3 startups. Coinstack shares a list of the Top 300 Crypto VC firms. CCP Games raised a $40MM funding round for web3 gaming. Free speech internet builder Tomi also got $40MM. Bitkeep wallet provider and Pixelcraft Studios web3 gamer each added $30MM. OP3N closed a $28MM funding for Amazon meets WhatsApp strategy. Seed Club Ventures received $25MM for their DAO accelerator. Crypto quant trader Synthetix announced $20MM new cash.
Content
Learn More About W3 Studio
🎙️ I was a guest on the Atlanta Startup Podcast to discuss W3 Studio. We covered the founding story of our venture studio non-profit and our plans for $200K grants to Black, Latinx, and Women founders building in web3.
Diversity in Tech
Stories of Diverse Founders, VCs, and Builders
💪🏽 The Atlanta Hawks announced a $50MM venture fund to back minority and women founders. Women-led Loupe raises $3MM for digital art streaming platform. Meet the first diverse accelerator cohort from Geekz Ventures. Feature article on Black mental health startup leaders, including Ashley Bella who is designing the artwork for the upcoming W3 Studio membership passes. Atlanta founders can apply now for the Square One Startup School pre-accelerator. Check out our list of pitch competitions, grant programs, and other founder resources here.
Follow me on LinkedIn for more frequent updates on web3.
*Thank you for reading this post. If you would like this directly to your Inbox twice a week, please subscribe. I would also really appreciate if you could share this post with someone who is interested in learning about Crypto and web3.*
