Top Web3 Headlines from This Week 10.07.2022

Here are the top web3 stories from this week.

Partnerships

VeeFriends Launches Plush Toys

🦒 Gary Vaynerchuk’s VeeFriends NFT project is bringing stuffed animals to the market for the holidays. He announced a partnership with Macy’s and Toys R Us to create plush toys from his original hand drawn creations.

Capital Raised

Funding Activity Picks Up Across Web3

💰 Horizon grabbed $40MM for blockchain trading card games. Golden added $40MM for onchain data rewards. Popular NFT project Cool Cats secured an investment from web3 leader Animoca Brands. A new fund was launched by Conviction with $100MM to invest in web3 startups.

Regulatory Actions

Kim K Gets Slapped by SEC

⚖️ Kim Kardashian settled with the SEC and agreed to pay a $1.26MM fine for her promotion of a Crpyto token. In a post on Instagram, Kim K told her massive follower base to check out EthereumMax. She used the common social media disclaimer “THIS IS NOT FINANCIAL ADVICE BUT….” which did not protect her. The SEC said her failure to disclose a $250K payment for the promotion sealed her fate here.

Content

Hear Me on the SportsTechX Podcast

🎙️ I joined our good friends at SportsTechX on their podcast this week. We talked about my red pill moment into Crypto, our investments in the space, some important themes we are tracking, and much more.

Atlanta Event

Join Us at Atlanta Blockchain Center

🗓️ If you are here in Atlanta, please join me on Thursday, October 13th at the Atlanta Blockchain Center at 6PM. I’ll be on stage with Shep Ogden from Offbeat, Jon Parise from GigLabs, and Paraj Mathur from Panoramic Ventures. We will be discussing web3 in sports and entertainment at this free event.

Follow me on Twitter for more frequent updates on web3.

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