Here are the top web3 stories from this week.
Capital Raised
Big Week for Crypto and Web3
💰 This week saw two major Crypto VC funds announcing new money – Polychain with $200MM and Coinfund with $158MM. Startups saw large inflows as well. Futureverse adds $54MM. Risc Zero grabs $40MM and Manta closes $25MM for blockchain dev tools. Metaverse tool startup Cosmic Wire gets $30MM.
Products
NFTs Still Surviving
🚀 NFT leader Doodles partners with Camp for Chicago kids experience. Patrick Mahomes announces second NFT collectible drop. Web3 platform thirdweb buys Paper, a wallet and checkout startup.
Legal
Crypto Custody Struggles
⚖️ Prime Trust has been challenged for months, and Nevada put the company into receivership after saying the entity mistreated customer funds. Nasdaq shelved their plans to offer a similar Crypto custody service citing regulatory concerns. U.S. Feds seized tens of millions from Bahaman-based Deltec Bank alleging the Crypto custodian held funds for fraudsters.
Apply
Immutable Founders Program
✍️ Atlanta Blockchain Center has opened applications for the next Immutable Founders Program. If you run a web3 startup here in Atlanta, please join ABC and W3 Studio in the Q3 2023 cohort. Details and application here.
Diversity in Tech
Stories of Diverse Founders, VCs, and Builders
💪🏽 Google announces the 2023 recipients of Google for Black and Latinx Founder Funds. Spotlight articles on Atlanta Black-led Klearcoat Labs and Simp.
Our nonprofit W3 Studio is a 501c3 charitable organization. You can support us by donating or purchasing a digital membership pass here. Also, check out our list of pitch competitions, grant programs, and other founder resources here.
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