Daily News - March 23, 2022
TLDR:
Yuga Labs raises $450M to launch their metaverse, while FTX acquires their first gaming studio.
Treasure:
Realms DAO, a project tightly integrated with TreasureDAO, launces its litepaper! In terms of their integration with TreasureDAO, users will be able to stake T4/T5 Treasures and $MAGIC to earn in-game collectibles while simultaneously earning $MAGIC emissions through in-game activity. (Source)
Adrianna, otherwise known as lakatointolerant.eth, is the latest to join the TreasureDAO community as a communication manager! (Source)
TreasureDAO has officially brought on seasoned artists to provide a facelift to the TreasureDAO ecosystem. This includes changes to logos, on-chain artwork, iconography, and much more. (Source)
After some delays, Peek-A-Boo launched their mint. Despite early difficulties, the 20,000 collection sold out within 2 minutes. (Source)
Alerts:
For those interested, the sign-up form for BAYC x Animoca partnership is still open for registration. (Source)
OpenSea Trading Volume:
Ethereum crossed its $3,000 resistance briefly, however, it has since trended back down to $2,952.25. On the other hand, OpenSea trading volume experiences its fifth-straight day of decreasing volume ($69.44M / - 8.7%).
News:
Yuga Labs, the creators of Bored Ape Yacht Club, secured $450M in their latest funding round led by Andreessen Horowitz, Animoca Bands, Coinbase, and Moonpay. This latest round of funding places Yuga Labs at a valuation of $4B. (Source)
Today, however, Avalanche has a significant number of “power users” who want a Wallet experience that is optimized to harness the speed of Avalanche and extended functionality that is coming with the dawn of application-specific chains empowered by Subnet technology.
Avalanche launches Core, a non-custodial crypto wallet specifically designed for interacting with subnets built on Avalanche. This is the latest move by Avalanche to bolster the growth and adoption of their subnet technology - previous efforts include launching a $290M grants program. (Source)
Katie Haun launches Haun Ventures with $1.5B of starting capital to invest in Web3. Of particular interest, Katie previously worked for the U.S. Department of Justice where she spearheaded the first cryptocurrency task force. (Source)
FTX, the cryptocurrency exchange founded by Sam Bankman-Fried, acquires Good Luck Games - the game studio responsible for Storybook Brawl. This marks the first acquisition FTX has made since the launch of its gaming investment fund led by Amy Wu. (Source)
NFTWorlds announces the launch of their in-game avatar collection! The collection will feature 15,000 Avatars that can be used in-game and traded on an upcoming Avatars marketplace for $WRLD. (Source)
Notable Sales:
Bored Ape Yacht Club #5901 is sold for 160 ETH ($475,804.80) to EnglishBulldog! The wallet currently holds 17 BAYC, 25 KAYC, 8 MAYC, and both M1 and M2 Mutant Serums. (Source)