📬 Inbox Dump #76

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!

✉️ Cosmos Launches Game of Chains with Rewards Totalling 20,000 ATOM Tokens

150+ validators will participate in Game of Chains — the latest public incentivized of the Cosmos Hub! Game of Chains will help validators develop confidence around running Interchain Security — a highly anticipated feature coming to the Cosmos Hub in January 2023.

✉️ OnePlanet To Provide Polygon-dedicated Launchpad Services

Seoul, Korea, 9th November — NFT Marketplace, OnePlanet, is presenting its launchpad service to support the Polygon NFT ecosystem. By commencing an NFT launchpad service dedicated to the Polygon ecosystem, OnePlanet now brings new collections to be minted and launched on the Polygon network.

✉️ Theta Labs releasing Metachain, a new solution for media and entertainment businesses

Theta Metachain offers a network of blockchains, a “chain of chains” enabling permissionless horizontal scaling of the Theta blockchain network, in order to reach potentially limitless transactional throughput or even subsecond block finalization time.

✉️ Leading Solana AMM Orca Launches Fiat-to-Crypto Onramp via integration with Stripe

NOVEMBER 08, 2022 — Orca, a leading Solana AMM, has announced an integration with Stripe to power its fiat-to-crypto onramp. Orca marks the first AMM it has integrated with on any blockchain.

✉️ Former Meta and Pinterest executive joins Decentralized Social as COO

After years spent developing the category-defining technology powering its infrastructure, Sequoia-backed DeSo is hiring Salil Shah, a seasoned executive with experience at Meta and Pinterest, to scale the business.

✉️ Unilever steps into the Metaverse with the help of Exarta

Unilever Pakistan steps up its Web3 game with the help of Exarta, a UK-based top-32 metaverse building the leading portal for e-commerce and transactional technology on the internet of the future.

✉️ GALA TOKEN INCIDENT: pNetwork official post-mortem about pGALA incident

pGALA (BEP20) is the tokenized version of the GALA token (ERC20). Under normal circumstances, the tokenized version is pegged 1:1 to the original version and redeemable for it at any time. The pGALA token currently trading on DEXes and centralized exchanges may not be the 1:1 pegged token.

✉️ KuCoin lists AirDAO’s $AMB token with a $USDT pair

Switzerland, 9th November — KuCoin announced it will list AirDAO’s $AMB with a USDT pair on November 9th. The announcement gives KuCoin’s 25 million global users the opportunity to participate in AirDAO’s up-and-coming DeFi ecosystem.

✉️ Messari releases Q3 2022 State of TRON and State of USDD Reports

Switzerland — Nov. 8 — Messari released two quarterly analysis reports related to the Tron ecosystem, “State of TRON Q3 2022” and “State of USDD Q3 2022.” Both reports indicated positive conclusions about the stable and secure strength of Decentralized USD (USDD) and the Tron network.

✉️ bitsCrunch and Cointelegraph create global alliance to bring NFT data analytics and forensics tools to the masses

India, 9th November - bitsCrunch, a premier NFT analytics and forensics platform, and CoinTelegraph, a leading independent web3 media outlet, have announced a global alliance to extend innovative NFT analytical solutions to the wider web3 community.

✉️ The web3 gaming company Kryptomon partners with Unstoppable Domains

Netherlands, 11th November — The web3 gaming company Kryptomon which develops the living-NFT-powered metaverse game combining Play-and-Earn gaming mechanics, announced today its partnership with Unstoppable Domains, the leading provider of Web3 domains.

✉️ Solana’s Portfolio Management Platform Friktion Launches Institutional Undercollateralized Lending

Friktion, Solana’s portfolio management platform launched in December 2021, has successfully attracted crypto-native and traditional institutions “managing up to $60 billion in AUM who seek to access leading risk-adjusted and transparent yields on DeFi.”

✉️ Bitget innovates social trading with new ‘Strategy Plaza’ feature

Hong Kong, 9th Nov 2022 – Bitget, the leading global crypto exchange with a core focus on social trading, launches another innovative social trading feature, Strategy Plaza.

✉️ MarginX launches world’s first community-based decentralized exchange

Cayman Islands, Nov. 8 - MarginX, the community-based DEX, launches on the Function X blockchain. It runs on a multi-chain and on-chain infrastructure that allows trade with close to zero gas fees, ultra-high throughput and liquidity, and full ownership and transparency.

✉️ EA Licensed Esports Platform Realm Launches in Apex Legends

CALGARY, Nov. 8 - A new competition has arrived in Apex Legends. Realm, a new automated esports platform from Eric Faust and Laura Wilson, John Chase, Carter Smith, and Ken McGaffey, is launching in Apex Legends, with over $150,000 in prize money offered in its first season.

✉️ FTX Aftermath: Crypto-To-Fiat Solution Swapin Cuts Fees By 65% To Support Crypto Community

Swapin, a European-based crypto-to-fiat payment provider, offers a wide range of B2B and B2C services. Swapin tools enable cryptocurrency users to pay with cryptocurrencies for goods and services, yet businesses or other individuals on the receiving end get GBP or EUR deposited to a bank account.

Funding

💰 Ramp Network Raises $70M to Provide Crypto Payments Infrastructure

Ramp Network, a U.K.-based startup offering payment infrastructure to connect crypto and traditional finance, has raised $70 million in a Series B funding round, co-led by Mubadala Capital, and Korelya Capital.

💰 Thomas Bravo Heads $70 Million Funding Round For Blockchain Intelligence Firm, TRM Labs

The famous private equity company Thomas Bravo is leading a $70 million Series B funding round for TRM Labs in collaboration with Goldman Sachs and the venture arms of PayPal, Citi Group, and American Express.

💰 UK Asset Management Giant Abrdn Leads Archax $28.5M Funding Round

Abrdn (ABDN) led a $28.5 million Series A funding round into digital asset exchange Archax. The round included backing from the Tezos Foundation, Bitrock Capital, and CE Innovation Capital among others.

💰 AIC Digital Asset Group secures up to $12.5M funding for Cannaverse Technologies’ Cannaland project

Atlantic International Capital (AIC) Digital Asset Group is pleased to share that it has successfully advised its client, Cannaverse Technologies, on an investment transaction totaling upwards of $12.5 million from a private group for the development and launch of Cannaland.

💰 WalletConnect, a web3 communications protocol firm, has raised $12.5m in an ecosystem round.

The round saw participation from Coinbase Ventures, Shopify, Polygon, HashKey, Circle Ventures, ConsenSys, Uniswap Labs Ventures, Union Square Ventures, Foresight Ventures, 1kx and more.

💰 Crypto Exchange Coinmetro Successfully Raises $7M

The fund was backed by institutional investors, including the Teacher Retirement System of Texas, Adams Street Partners and StepStone Group.

💰 Crypto Trading Firm Amber Seeks $100 Million in Fresh Funding at ‘Flat’ Valuation

The new raise is being completed in multiple parts, with around half of the $100 million already secured. The company plans to have either one or two more additional closings by the end of this year or in early 2023.

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