Daily News - May 17, 2022
TLDR:
a16z leads the funding round for MetaTheory. Coinbase integrates decentralized application support into their mobile application.
Treasure:
TreasureDAO releases the latest issue of their official newsletter! (Source)
OpenSea Trading Volume:
Ethereum continues to trade sideways and closes the day at $2,060.35! OpenSea trading volume continues to bottom out with $33.92M in daily volume.
News:
Passytee teases a preview of his upcoming blockchain-based game featuring a multiplayer racing experience. Since the preview, many within the space have dubbed PassyTee as the foreleader of crypto gaming. (Source)
The adoption of decentralized applications has largely been hindered by unintuitive user interfaces. To address this shortcoming, Coinbase updates its mobile application to enable users to interact with decentralized applications directly from their Coinbase app! (Source)
Further investigation into LFG’s reserve of BTC uncovered that multiple whales were able to sell their UST for roughly $1, while retail users could only sell on secondary markets for close to $0.60. (Source)
Metatheory, the web3 game studio created by the co-founder of Twitch, raise $24M in a funding round lead by a16z! This has lead DuskBreakers - the original project by Metatheory - to climb from 0.15 ETH to 0.30 ETH floor price. (Source)
Notable Sales:
A newly funded wallet swept 7 Azukis, 10 CloneX, and 11 Something NFT’s for a grand total of 445 ETH (~$915,000). (Source)
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