Here are the top web3 stories from this week.
Partnerships
New Offerings from Mastercard, A16Z, and More
🤝 Mastercard is offering a new product for their bank clients to offer Crypto trading. A16Z has launched their Crypto Startup School for 30 early-stage founders to join them in LA and each will receive $500K in funding. A home in South Carolina was sold as an NFT for $175K via Roofstock. Actor Anthony Hopkins has leaned into NFTs, selling out his new collection in just seven minutes.
Capital Raised
Money Continues to Flow into Web3
💰 Binance has opened a $500MM fund for Crypto miners. Crypto custodian Copped raised a $196MM Series C round. BlockTower announced a $150MM VC fund for web3. Tatum added $41.5MM for blockchain developer tools. Stardust closed a $30MM raise for web3 gaming.
Legal Action
Two More Big Crypto Losses
⚖️ The State of Texas is investigating FTX and their founder SBF around the sale of their yield products. Bankrupt DeFi lender Celsius is reportedly under federal investigation as well. Mango was hit with a $100MM+ hack, and this week their community approved a $47MM bounty for the hackers to return $67MM of cash, wow!
Content
Learn about Friends with Benefits
🎙️ Friends with Benefits is an amazing community of artists and creatives. FWB raised $10MM last year led by A16Z. Their Mayor Alex Zhang was on The Defiant podcast recently. He talked about community building and engagement.
Atlanta Event
Georgia Tech Blockchain Club
🗓️ If you are here in Atlanta, please check out the Web3 ATL event on November 4-6th. This event is organized by the Georgia Tech Blockchain Club and takes place near their campus. The event will feature great panels from industry leaders. I’ll be hosting a conversation with three founders about entrepreneurship in web3.
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