Top Web3 Headlines This Week 9.22.2022
Here are the top web3 stories from this week.
I’ll be traveling next week, so the Crypto Executive Guide newsletter will be taking a break too. See you again in October.
PGA and Epic Games Make Web3 Moves
⛳ The PGA Tour inked a deal with Autograph, the NFT platform with Tom Brady in the founding team. Tiger Woods is on the advisory board of Autograph, and he brought a collection of NFTs with them last year. Epic Games partnered with Mythical Games to make Blankos Block Party the first NFT game on the Epic Game Store. This hit game includes playable NFT characters and could open the door to more web3 games on the Epic platform.
Funding Activity Picks Up Across Web3
💰 North Island Ventures closes its second Crypto VC fund with $125MM. Blockchain fraud fighter Sardine announced a $51.5MM round. Crypto analytics leader Messari added $35MM. Immortal Game is growing with $15.5MM for web3 chess. Magna raised $15MM for their token management platform.
Another Crypto Hack and More SEC Charges
📉 DeFi platform Wintermute was hit with a $160MM hack. The total of hacks in the last two years has ballooned to nearly $2Bn. Pick your partners and platforms carefully in the web3 space. The SEC has charged Chicago Crypto Capital with fraud related to their sale of failed Beaxy tokens. The SEC has made it clear they believe they have oversight of the industry, expect much more action from the government agency to punish bad actors.
Digital Toy Company of the Future
🎙️ Will Weinraub is building Cryptoys, a web3 native toy company. They have launched successful kid focused NFTs from their own IP and in partnership with Mattel. Hear from Will on this podcast.
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