💰VCs Invested Over $700M In Metaverse Projects This Year

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Today, we take a closer look at the steady stream of investments in metaverse projects, accounting for a significant share of this year's VC funding. We also explore the latest moves by MakerDAO in its ongoing efforts to diversify DAI's collateral away from USDC and towards real-world assets.

In lending news, Maple Finance's new direct lending arm, Maple Direct, is poised to launch, offering a much-needed financing solution for Web3 businesses. Finally, in the NFT space, the team behind CyberKongz has launched an upgraded version of the ERC-721 standard - ERC-721x - aiming to enhance security for NFT holders.

✍️ In today’s newsletter:

Metaverse projects continue to attract institutional investors
USDC now makes up less than 10% of DAI collateral
Maple Direct will offer collateralized loans to web3 enterprises
CyberKongz releases ERC-721x NFT token standard

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