Gnosis Safe Gets New Name & USD 100M, STEPN Earns USD 123M, Playboy in The Sandbox + More News

Gnosis Safe Gets New Name & USD 100M, STEPN Earns USD 123M, Playboy in The Sandbox + More News
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Get your day-to-day, bite-sized absorb of cryptoasset and blockchain-related news– examining the stories flying under the radar these days’s crypto news.

Investments news

  • Digital possession management platform Gnosis Safe stated it has actually rebranded to Safe and has actually raised USD 100m in a financing round led by 1kx Tiger Capital, Digital Currency Group, and Blockchain Capital are likewise amongst the financiers. “The financing round is an essential turning point for the advancement of Safe as a programmable ownership platform, allowing safe and secure management of digital possessions, information and identity throughout [decentralized autonomous organizations], retail and institutional users. The financing and tactical alliances will make it possible for Safe to grow an environment of applications and tools on top of its clever agreement account procedure,” they included.
  • Early- stage-focused endeavor company Lightspeed Venture Partners has actually raised USD 7.1 bn throughout 3 United States funds and an India fund– and it’s diving even more into crypto as it releases a joint collaboration with Blockchain Ventures co-founder Sam Harrison, Fortune reported
  • Mysten Labs, a decentralized application (dapp) designer established by previous staff members of social networks giant Meta, is in talks with financiers about raising a Series B round of a minimum of USD 200m led by FTX Ventures, The Information reported, pointing out concealed individuals with understanding of the matter. The start-up is targeting an appraisal of USD 2bn and financiers have actually up until now dedicated a minimum of USD 140m to the round, it included.
  • Digital residential or commercial property rights business Animoca Brands raised over USD 75m in the 2nd tranche of a financing round from January 2022, which was encompassed accommodate due diligence procedures. They will utilize the new capital to continue to money tactical acquisitions, financial investments, and item advancement, they stated.
  • Fintech business M1 revealed it is introducing crypto financial investments on its platform. They included that early gain access to customers will have the ability to open crypto accounts and attempt new trading functions “in a few weeks.”

Adoption news

  • STEPN (GMT), a “Web3 way of life” app with social and video gaming components, stated it created USD 122.5 m in revenues through its platform costs in Q2 this year. The group stated they will utilize 5% of the revenues to start a Q2 GMT buyback and burn program. In addition to the buyback and burn program, STEPN will assign capital reserves to surpass existing functions and construct out the group, they included.

Metaverse news

  • Lifestyle brand name Playboy revealed a collaboration with metaverse job The Sandbox (SAND) to produce a Playboy- themed immersive and social video gaming experience called the “MetaMansion.” More info on this approaching world in The Sandbox will be shared in the coming months, they stated.

Mining news

  • Gryphon Digital Mining revealed a record-setting production of roughly 71 bitcoin (BTC)- comparable coins for the month ofJune Month over month, the variety of coins mined increased by roughly 15% from the 62 bitcoin-equivalent coins mined by the business in May 2022 as extra makers were put online, they included.
  • Greenidge Generation revealed it produced roughly BTC 230 throughout the month of June 2022, up 18% from the BTC 195 mined in May, bringing the overall BTC production for the 6 months ended June 30, 2022 to BTC 1,183.
  • Core Scientific revealed that all of their miners in the state of Texas, U.S.A. have actually been powered down up until more notification in order to supply relief to the state, which is dealing with prospective blackouts due to a heatwave increasing need.

NFTs news

  • US-based computer game seller GameStop introduced its own NFT market that enables celebrations to link to their own digital possession wallets such as the just recently introduced GameStopWallet Over time, the market will broaden performance to include extra classifications such as Web3 video gaming, more developers and other Ethereum (ETH) environments, they stated.

Compiled by Coinbold.

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