Future Finance - Issue #116: Opensea Becomes A Unicorn, Stellar Eyes A Potential MoneyGram Acquisition And Polygon Doubles Down on NFTs

Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-ch

Future Finance - Issue #116: Opensea Becomes A Unicorn, Stellar Eyes A Potential MoneyGram Acquisition And Polygon Doubles Down on NFTs By Alan Tsen • Issue #116 • View online Welcome to another issue of Future Finance, your weekly off-chain newsletter about the world of on-chain finance. And always, there's no shortage of news from the industry. So grab a coffee (or beer), and let's get into this week's news from the world of open and decentralised finance. 👉 Got some interesting news I should include in my newsletter? Feel free to respond to this email or hit me up on Twitter - my DMs are always open. — Alan Tsen 👊💯 Ps. If you like what I'm doing here, please feel free to share it on your favourite social media network. Also, it'd be great if you forwarded this newsletter to a friend you think might enjoy it.

trent.eth @trent_vanepps A new graphic for Ethereum's Upgrade Path: leading to the Merge and beyond 👩‍🚀 ⛏️ Proof Of Work ❌ 🌿 Proof of Stake ✅ https://t.co/hKqYaAWlxY 4:34 AM - 16 Jul 2021

📰 News This Week

Biggest Private Crypto Deal Ever Is Closed The deal will likely boost the net worth of its billionaire founder and CEO, Sam Bankman-Fried, by nearly $8 billion. www.forbes.com  •  Share

Why Thailand's Oldest Bank Is Investing US$110 Million In DeFi Mukaya 'Tai' Panich of Siam Commercial Bank's venture arm SCB 10X marvels at decentralized finance. 'Whatever traditional finance has, there's a parallel version in DeFi.' forkast.news  •  Share

Mastercard Taps Circle for USDC Settlement Pilot Mastercard will engage Circle and use USDC to pilot a new settlement system to enable more streamlined crypto-to-fiat conversions. www.circle.com  •  Share

ShapeShift to Shut Down, Airdrop FOX Tokens to Decentralize Itself Out of Existence Storied crypto exchange ShapeShift is closing its doors, handing over its legacy to a DAO controlled by holders of its FOX token. www.coindesk.com  •  Share

OpenSea secures $100 million in Series B round at $1.5 billion valuation As a result of this new funding round, the non-fungible token digital marketplace has now reached unicorn status. www.theblockcrypto.com  •  Share

Source: Dune via @ RChen8

MetaCartel Reimagines Venture Capital for a DeFi Future MetaCartel Ventures, one of the arms of MetaCartel, a self-styled ecosystem, is emerging as one of the more formidable investors in DeFi startups. Its portfolio includes splashy platforms Rarible and Reflexer Finance, and the firm counts influential players such as Aave's Stani Kulechov among its investors. Alex Van de Sande, a well-known developer connected to the Ethereum Foundation, is a member. thedefiant.io  •  Share

Valid Points: Ethereum's Most Profitable DeFi Applications These are some of the most profitable types of DeFi apps in terms of return for liquidity providers, token holders and protocol treasuries. www.coindesk.com  •  Share

Designing a Central Bank Digital Currency with Support for Cash-Like Privacy Most central banks in advanced economies consider issuing central bank digital currencies (CBDCs) to address the declining use of cash and to position themselve papers.ssrn.com  •  Share

Polygon Doubles Down on Gaming and NFTs with $100M Fund Polygon is raising a $100M fund to support blockchain game developers and NFT creators, and tapping the chops of Atari, the trailblazer that gave the world Pong, Space Invaders, and Asteroids. thedefiant.io  •  Share

Stellar Foundation Eyes MoneyGram Takeover Money transfer provider MoneyGram has been reportedly approached by the Stellar Development Foundation over a potential acquisition. decrypt.co  •  Share

🎧 Podcasts Of The Week

The History of Electronic Markets Tarun Chitra is co-founder of Gauntlet, a financial modeling platform for crypto. Tarun is a thought leader in the space and is an expert in a variety of topics surrounding DeFi. This week, we discuss the history of electronic markets, and how we're… pca.st  •  Share

Solana (with CEO Anatoly Yakovenkoz) We sit down with the hottest new protocol layer in crypto today: Solana, and its cofounder and CEO Anatoly Yakovenko. If you listened to our Ethereum episode or follow crypto even at a cursory level, you've likely heard of Solana and its ability to scale pca.st  •  Share

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By Alan Tsen Future Finance is a curated newsletter sent to your inbox every week. We cover all the most important news in the world of decentralised finance. It takes 10 minutes to read and provides you with all the essential news. Tweet     Share

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