Here are the top web3 stories from this week.
🚀 Coinbase Ventures leads the pack as the crypto VC firm with the highest activity, boasting a total of 372 deals to date.
💰 Membrane Labs, a crypto prime brokerage, raises $20Mn investment from prominent firms such as Brevan Howard, Point72, and Jane Street.
💼 Account Labs secures $7.7Mn in funding to advance its new Google-enabled crypto wallet, UniPass Wallet.
🌐 Republik secures $6Mn in seed funding to support the development of its innovative Web3 social media application.
🏇 A startup Game of Silks, specializing in crypto-powered fantasy horse racing successfully raises $5Mn in funding.
💡 Immutable partners with Amazon Web Services to support the scalability of blockchain games.
🐵 Yuga Labs, the creator of Bored Ape Yacht Club, invests in a spatial computing startup, Hadean, that will help bring Yuga’s upcoming Otherside metaverse to life. In the same week, the company confirmed layoffs amid the evolving NFT market.
🤝 Kraken announces plans to acquire the Dutch exchange BCM, expanding its crypto offerings.
🖼️ OpenSea simplifies NFT minting with its no-code hub, making it more accessible to anyone.
🚀 Explosive allegations emerge as SBF’s ex-girlfriend Ellison claims he directed her to steal billions from FTX.
💰 Avalanche’s social app, Stars Arena, drained of $3Mn in AVAX after a hack.
🔒 Platypus Finance faces an exploit on the Avalanche network with an estimated loss of over $2Mn, raising concerns about DeFi security.
Diversity in Tech
💰 Amazon Catalytic Capital supports a total of eight venture capital funds that invest in underrepresented founders.
📜 California passes a law mandating VC firms to disclose investment diversity information, promoting transparency in the industry.
🌐 Aliavia Ventures closes new VC fund to invest in female-led startups, especially those that want to bridge the Australian and American markets.
🚀 The creators of Billionaire Boys Club establish a studio to empower diverse talent and creativity in the entertainment sector.
🏈 Chad Ochocinco Johnson joins Black venture capital firm Cxmmunity Media, in its mission to ‘Diversify The Gaming Industry’.
Special thanks to W3 Studio intern Yuna Lee for her work in preparing this week’s newsletter.
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