Top Web3 Headlines from This Week 09.29.2023

Brian Zwerner
2 min readSep 29, 2023

Here are the top web3 stories from this week.

Capital Raised

๐Ÿ’ฐ Lighter week in capital to web3 startups:

๐ŸŽฎ Proof of Play has successfully raised $33Mn in funding for its Web3 RPG project. Adding to the excitement, the company has appointed former Twitch CEO Emmett Shear to its board.

๐Ÿ’ผ Mesh, a platform dedicated to helping individuals manage their digital assets, has secured $22Mn in funding.

๐Ÿ” Rated Labs, the developers behind an Ethereum explorer, have successfully secured $12.89Mn in funding to expand to other blockchains, including Polygon and Solana.

๐Ÿ”’Fhenix adds $7Mn for blockchain security startup led by Multicoin Capital and Collider Ventures.

Products

๐Ÿš€ Innovative Products Making Waves:

๐Ÿค‘ Venture capitalist Tim Draper has launched a crypto accelerator. His new Draper Goren Blockchain will have 10-year time horizons and aim to help build companies from scratch.

๐ŸŒ MoonPay, a prominent player in the crypto ecosystem, has made waves by acquiring EthPass. This strategic move aims to unlock digital experiences, bridging the gap with Apple and Google Wallets.

๐Ÿง Pudgy Penguins, a popular NFT brand, has expanded its horizons by debuting a toy collection in 2,000 Walmart stores.

๐Ÿ’ธ Leading money service player Moneygram is adding a Crypto non-custodial wallet to facilitate token payments.

๐Ÿ”— Blockchain infrastructure provider Alchemy has introduced Satsuma, a data indexing platform, demonstrating their commitment to enhancing blockchain capabilities.

๐Ÿ€ NBA champ Matthew โ€œDellyโ€ Dellavedova joins Swan Bitcoin in a biz dev role.

Legal

๐Ÿ’ฐIn a recent security breach, Mixin Network fell victim to a major hack, resulting in the compromise of approximately $200Mn worth of cryptocurrency assets.

๐Ÿ’ผ As part of their ongoing bankruptcy proceedings, the debtors of the failed cryptocurrency exchange FTX have initiated a lawsuit of $157Mn against former employees of its Hong Kong affiliate.

๐Ÿ”’ Justin Sun, a prominent figure in the crypto world, addressed a recent hack involving HTX, a blockchain-based project heโ€™s associated with. The hack resulted in the loss of 5,000 ETH ($7.9MM).

Diversity in Tech

๐ŸŒŸ Stories of Diverse Founders, VCs, and Builders

๐Ÿ’ช๐Ÿฝ Black Ambition Prize Spotlights Diverse Innovators

โš–๏ธ U.S. Judge has refused to block venture capital funds from granting financial support to Black women entrepreneurs.

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Brian Zwerner

Writing about Crypto and web3 for business executives