Top Web3 Headlines from This Week 11.18.2022
Here are the top web3 stories from this week.
FTX Impact
The Failure of FTX Continues to Dominate Headlines
📉 The spectacular failure of FTX made new headlines seemingly every day this week. Last weekend, news broke of a $600MM hack that might’ve been an inside job. The ripples hit hard to a number of other crypto players, with distressing news from Genesis, BlockFi, Ikigai, and more. A lawsuit was filed against FTX and their celeb endorsers including Tom Brady, Gisele, and Steph Curry. On Wednesday night, Bankman-Fried had this bonkers Twitter DM interview with Vox. I’m sure FTX will continue to make top news for several more weeks.
Capital Raised
Light Week in Funding
đź’° In a light week, Matter Labs brought in $200MM for their blockchain scaling solution. Circularise raised $11MM for blockchain sustainability. Funding for Crypto startups will certainly be impacted by the FTX debacle.
Products
New Offering in Web3
đź‘ź Nike has been an early innovator in web3 with their purchase of NFT innovator RTFKT. Now the company has announced .Swoosh, a new platform that will be their home for virtual footwear, apparel, and accessories. Stablecoin leader Circle also made news with their integration of Apple Pay.
Content
CEOs of Coinbase and Circle
🎙️ Coinbase CEO Brian Armstrong and Circle (USDC creator) CEO Jeremy Allaire teamed up for this podcast. The pair discussed the utility value of Crypto, digital identity, and much more.
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