📬 Inbox Dump #56

Hello Defiers! Welcome to Inbox Dump where we include the updates and announcements that flood our DMs each week and didn’t make it to The Defiant’s content platforms. Sometimes announcements here didn’t meet the bar to become a news story, sometimes they ...

Hello Defiers! Welcome to Inbox Dump where we include the updates and announcements that flood our DMs each week and didn’t make it to The Defiant’s content platforms. Sometimes announcements here didn’t meet the bar to become a news story, sometimes they may have slipped through the cracks, or they came late and we haven’t had a chance to cover.

At The Defiant we cover the most important DeFi-related news and developments but we know many of you are hunting for projects before they are fully developed and before they are newsworthy. Our goal with this installment of the newsletter is to help you find them. Look at this as the starting point to DYOR.

We also include a compilation of DeFi and crypto funding rounds in the past week so you have these in one handy place.

Keep in mind these have been unedited. With that —here we go!

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Inbox Dump!

✉️ Bybit Leads the Charge in BitDAO’s Development With Soft Proposal for the Establishment of BitDAO’s L1 Infrastructure

DUBAI, June 24 — Co-founder and CEO of Bybit, one of the fastest growing crypto exchanges in the world, Ben Zhou, launched a soft proposal today for the establishment of BitDAO’s Layer 1 (L1) infrastructure through a range of web3 verticals on BitDAO’s official Discourse forum.

✉️ INTRODUCING VAULT ART SPACE PRESENTED BY GUCCI AND SUPERRARE

June 23, 2022. Continuing the House’s exploration of the art world, as well as its own journey through the uncharted territory of the metaverse, Gucci’s experimental online space inaugurates the Vault Art Space.

✉️ Ledger to Unveil Broad Slate of Groundbreaking Web3 Security Products, Including New NFT First-Sale Marketplace, at Ledger Op3n Conference during NFT.NYC

June 22, 2022 – Ledger, now securing more than 20 percent of the globe’s digital assets, today unveiled a slate of major announcements focused on end-to-end security at scale at its biannual conference, Ledger Op3n.

✉️ Samsung’s New Galaxy NFT Community Hosts S Pen Fan Art Festival

The Samsung New Galaxy NFT community will hold the S Pen Fan Art Festival from the 20th. S Pen Fan Art Festival is a special event commemorating the launch of the New Galaxy NFT community.

✉️ Following 3AC insolvency crisis, OKX launches Custody Trading Sub-Account to “solve trust issue”

SEYCHELLES, JUNE 21 – OKX, today announced the launch of its Custody Trading Sub-Account product for customers looking to benefit from trading team strategies and institutional and high-net-worth investors.

✉️ ConsenSys Announces the Beta Release of Infura NFT API

NEW YORK, June 22 – ConsenSys today announced that Infura, the leading blockchain development platform with more than 430,000 developers worldwide, launched the beta release of its NFT API at NFT.NYC, the world’s largest NFT conference.

✉️ Core™ Metaverse Expansion Sets A New Utility Standard for NFT Owners and Communities

SAN MATEO, Calif. June 21. Core, a free creator-powered metaverse platform, is setting a new standard for NFT utility by allowing users to import NFT assets on the Ethereum blockchain and create engaging experiences in the Core Metaverse.

✉️ DUBIT SIGNS JON VLASSOPULOS

LONDON, UK - 21 June 2022 - Dubit, the creator of metaverse experiences, games, and events for brands, announces the appointment of former Roblox VP, Global Head of Music, Jon Vlassopulos, to its advisory board.

✉️ The world's first hybrid DEX is launched by Delta.Theta and Just2trade, opening crypto trading to major financial institutions

Fintech company Delta.Theta has launched the world's first decentralized and regulated P2P options exchange. Through partnering with regulated broker Just2trade, the platform is able to ensure KYC/AML processes, followed by gaining access to the P2P crypto trading platform provided by Delta.

✉️ MoonPay launches HyperMint — progressing NFTs' utility with new platform

HyperMint is built to evolve the infrastructure of Web3. Before HyperMint, there wasn’t an easy way to scale the creation, deployment, and sale of NFTs worldwide. As a result, brands and enterprises have struggled to effectively build and manage their Web3 strategy.

✉️ Hex Trust Receives ‘Provisional Approval’ for a Virtual Assets License from the Government of Dubai and Opens a Dubai Office

HONG KONG, 21 JUNE. Hex Trust is committed to fostering crypto ecosystem innovation and enabling safe market adoption to accelerate the development of the virtual asset industry in the region.

✉️ ParaSwap launches iOS mobile app and brings forth the crypto industry’s first mobile P2P NFT trading feature

The mobile iOS app - ParaSwAPP iOS - highlights the merge of DeFi and NFT trading worlds. ParaSwap has created the crypto-industry’s first mobile P2P NFT trading service through a brand new protocol.

✉️ Futster, a new football manager game with collectible NFTs

Futster, a new football manager game with collectible NFTs, will be released this Wednesday (15) with an exclusive pass offer. In the game, players manage athlete cards, and teams to compete in championships, earning rewards; Genesis Pass pre-sale grants benefits to the first 1,000 players

✉️ Archipelago.art Takes Aim at the Growing On-Chain Generative Art Market with Launch of Premium NFT Marketplace

June 20, 2022 – Archipelago, a startup formed in late 2021, is announcing the launch of its Ethereum-based NFT art marketplace platform, offering access to generative art collections by more than 200 independent artists from around the world.

Funding

💰 Crypto platform FalconX doubles valuation to $8 bln in new funding round

NEW YORK, June 22 - Digital assets platform FalconX was valued at $8 billion in a new funding round led by Singapore's sovereign wealth fund GIC and B Capital, more than doubling its valuation in 10 months. This funding round totaled $150 million from new and existing investors.

💰 Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

On Tuesday, Magic Eden, had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm, and Sequoia Capital.

💰Prime Trust Raises $107 Million Series B Round To Expand Crypto Product Suite

FIS, one of the world’s largest payments processors, fintech-focused asset manager Fin Capital, Kraken Ventures and Prime Trust’s Series A lead investor, Mercato Partners, were among the leading investors in the round.

💰 Flowdesk Raises $30M to Expand Trading and Market-Making Services

The round was backed by crypto exchange Coinbase (COIN), crypto wallet firm Ledger, French investment company Eurazeo, Aglaé Ventures, French venture firm ISAI, Speedinvest, Fabric.vc, and a handful of angel investors.

💰 System 9 Closes $5.7M Series A Funding Round to Expand Operations

Equity investors include lead investor Capital6 Eagle (C6E), a venture firm focused on blockchain infrastructure. Additional investors include: Kronos Asset Management, C2 Ventures, Gate Ventures, Ascendex Ventures.

💰 W3 Fortune raises 120 million yen in funding: first release will be CatRescue collectible NFTs

Singapore-based startup W3 Fortune PTE. LTD. (led by CEO Takashi Sugai) has raised 120 million yen in seed round funding from Relic Inc. and angel investors; its first project to be released will be CatRescue collectible NFTs.

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