Here are the top web3 stories from this week.
Products
Major Finance Leaders Team for Blockchain
🏧 More than a dozen financial institutions including Goldman, BNP, and S&P teamed for a new blockchain called Canton Network. This is designed for institutional assets and built to responsibly unlock the potential of synchronized financial markets. They believe this will solve real world problems in the global financial system.
Legal
Trouble Deepens at Bittrex and Voyager
⚖️ Crypto exchange Bittrex filed for bankruptcy after challenges from the SEC impaired their business. Trouble DeFi lender Voyager is moving to liquidation after their failed sale to Binance. Investors are expecting a big haircut on payouts.
Capital Raised
Another Light Funding Week in Web3
💰 Fedi adds $17MM for Bitcoin payment tech. NFT marketplace AlienSwap closed a $12MM funding. Crypto media company Blockworks raised $12MM. Infrastructure tech startup ZKLink announced a $10MM funding. Popular NFT project Pudgy Penguins got $9MM.
Content
A16Z Discussion on the Past and Future of Web3
🎙️ A16Z’s Chris Dixon gave a talk to their Crypto Startup School participants entitled “Web3 and how we got here”. He takes the audience on a journey through the history of the internet through the launch of web3. It is a far-reaching conversation loaded with 💎s.
Diversity in Tech
Stories of Diverse Founders, VCs, and Builders
💪🏽 The Inc Atlanta 30 under 30ish list is loaded with diverse community leaders. Spotlight on Zane Venture Fund and their Black women founder. Our venture studio non-profit W3 Studio is selling NFT membership passes here. Also, you can check out our list of pitch competitions, grant programs, and other founder resources here.
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