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Funding the Futureverse

Funding has risen from $116m last week to $207m this week. Most funds raised came from the Infrastructure and Web3 & NFTs verticals, both of which saw larger deals being closed compared to last week. The largest raise of the year so far among Web3 &NFTs closed this week, with Futureverse raising $54m in a Series A to build a platform to enable the creation of interoperable content and applications....

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Decentralized Finance: A Primer

Figure: Pepe Meditating to Peg the Universe of DeFi Stablecoins FINDING STABILITY FIGURE: MARKET CAPITALIZATION OF PROMINENT STABLECOINSSource: CoinMetrics. io Stablecoins (‘stables’) are cryptocurrencies that aim to peg their prices to another cryptocurrency, fiat money, or commodities. For the stables primer below, we specifically refer to stablecoins pegged to currencies, the most widely adopted of which is the U.S. Dollar. Many stablecoin projects try to maintain the peg to their...

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Crypto Chat: Governments across the globe are taking a stance on digital currencies, some banning & others adopting. Are there any case studies we might’ve missed?

Will McEvoy provides insight on a recent development in Myanmar following the 2021 Chinese-backed coup. The new government has since de-dollarized the country’s economy, implementing a yuan-based system. In response, the resistance government has adopted a USD stablecoin (USD) as its official currency and chief means of transacting with the global economy. This development is bringing questions to the surface as many countries are debating their collective stance on digital...

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