GM Defiers!
Yuga Labs, the major NFT studio, is the latest web firm to overhaul its operations amid the web3 downturn. Yuga said it will eliminate several positions and pivot its focus towards Otherside.
Uniswap v3 is now live on the ZkSync Era Layer 2 via GFX Labs' Oku interface. GFX received a $1.6M grant from the Uniswap Foundation to develop Oku.
And THORSwap suspended trading after researchers identified significant flows of stolen assets moving through the exchange. One on-chain analyst estimates more than half of ETH swapped to BTC via THORChain over the past four months was illicitly acquired.
✍️ In today’s newsletter:
- Yuga Labs to downsize and prioritize Otherside development
- Oku brings Uniswap v3 to ZkSync Era
- THORSwap trading suspended amid sizable illegal asset flows
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