Here are the top web3 stories from this week.
💰 Lighter week in capital to web3 startups:
🎮 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.
💼 Mesh, a platform dedicated to helping individuals manage their digital assets, has secured $22Mn in funding.
🔍 Rated Labs, the developers behind an Ethereum explorer, have successfully secured $12.89Mn in funding to expand to other blockchains, including Polygon and Solana.
🔒Fhenix adds $7Mn for blockchain security startup led by Multicoin Capital and Collider Ventures.
🚀 Innovative Products Making Waves:
🤑 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.
🌐 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.
🐧 Pudgy Penguins, a popular NFT brand, has expanded its horizons by debuting a toy collection in 2,000 Walmart stores.
💸 Leading money service player Moneygram is adding a Crypto non-custodial wallet to facilitate token payments.
🔗 Blockchain infrastructure provider Alchemy has introduced Satsuma, a data indexing platform, demonstrating their commitment to enhancing blockchain capabilities.
🏀 NBA champ Matthew “Delly” Dellavedova joins Swan Bitcoin in a biz dev role.
💰In a recent security breach, Mixin Network fell victim to a major hack, resulting in the compromise of approximately $200Mn worth of cryptocurrency assets.
💼 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.
🔒 Justin Sun, a prominent figure in the crypto world, addressed a recent hack involving HTX, a blockchain-based project he’s associated with. The hack resulted in the loss of 5,000 ETH ($7.9MM).
Diversity in Tech
🌟 Stories of Diverse Founders, VCs, and Builders
💪🏽 Black Ambition Prize Spotlights Diverse Innovators
⚖️ U.S. Judge has refused to block venture capital funds from granting financial support to Black women entrepreneurs.
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