Future Finance - Issue #117: Fireblocks Secures The Bag, Shopify Is Getting Into NFTs And Buckle Up For Defi Summer 2.0

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

Future Finance - Issue #117: Fireblocks Secures The Bag, Shopify Is Getting Into NFTs And Buckle Up For Defi Summer 2.0 By Alan Tsen • Issue #117 • 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.

📰 News This Week

Harley Finkelstein @harleyf If you've spent 1 minute on the internet this year, you've seen a lot about NFTs. @Shopify we are making it easier for our merchants to sell NFTs directly through their stores, with one of the first being the @ChicagoBulls NFT store. https://t.co/Qv2wKO7RCS 3:09 AM - 27 Jul 2021

👀 Shopify continues to 'arm the rebels'. This week they jumped into the world of NFTs 👇👇👇

Shopify Allows Merchants To Sell NFTs Directly Through Their Storefronts The NBA's Chicago Bulls launched its first-ever NFTs –– including digital artwork of NBA championship rings –– by launching an online store on Shopify. techcrunch.com  •  Share

Fireblocks Raises $310M Series D: Removing the Complexity Of Working With Digital Assets Today, we're excited to announce that Fireblocks has raised $310 million in Series D funding,  co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC  and SCB 10X, the venture arm of Thailand's oldest bank, Siam Commercial Bank. This extension of capital brings our valuation to a new milestone of over $2 billion. www.fireblocks.com  •  Share

Binance Exits Stock Token Trading Digital assets are inclusive of securities, commodities, utilities, and all of the above. For crypto exchanges, the ability to trade security tokens makes sense – if you are fully compliant. www.crowdfundinsider.com  •  Share

Figure Completes $200 Million Series D Figure officially closed its Series D fundraise of $200 million at a $3.2 billion valuation, welcoming new investors including entities and funds managed and/or advised by affiliates of Apollo Global Management, Inc., Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management and L1 Digital. www.businesswire.com  •  Share

PayPal Hints it May Use "Interesting DeFi Apps" in Future In its Q2 earnings call, PayPal updated investors on its new consumer wallet while also hinting at future engagement with DeFi applications. cryptobriefing.com  •  Share

1inch to Airdrop 10M Tokens to DeFi Users to 'Refund' Gas Costs 1inch said any users staking through the 1inch dapp will be refunded the gas amount spent in 1INCH tokens on the first day of each month. www.coindesk.com  •  Share

Twitter And Amazon, Learning From Facebook, Make Strides In Crypto While Facebook's digital currency remains MIA, Twitter and Amazon are making their own headway in cryptos—all in a bid to simplify payments on their global platforms. www.emarketer.com  •  Share

Solana-Based Stablecoin Exchange Saber Raises $7.7 Million From Chamath Palihapitiya's Social Capital And Others Solana-based stablecoin exchange Saber has raised $7.7 million from Chamath Palihapitiya's Social Capital, Jump Capital, and others. www.theblockcrypto.com  •  Share

Binance Now Supports Direct Polygon Withdrawals And Deposits Crypto's largest centralized exchange, Binance, now allows users to withdraw and deposit Polygon's MATIC token directly from and onto the protocol's proof-of-stake mainnet. thedefiant.io  •  Share

Traders Anticipate 'DeFi Summer 2.0' After TVL And Token Prices Rise A rally in blue-chip DeFi tokens and the sector's rising total value locked has traders hopeful that a prolonged rally will take place. cointelegraph.com  •  Share

Source: DefiLlama as at 30/7

Prime Trust Raises $64M To Scale Fintech Infrastructure Biz Prime Trust is using its Series A on an "aggressive" hiring campaign to extend its reach into the world of fintech. www.coindesk.com  •  Share

Uniswap Delists 100 Tokens From Interface, Including Options And Indexes Uniswap Labs has delisted 100 tokens from its web interface as it continues to monitor the regulatory landscape. cointelegraph.com  •  Share

Cryptocurrency-Based Decentralized Finance (DeFi) Takes On Wall Street The tech rebels behind 'decentralized finance' want to change the way the world borrows, lends, and saves. Can they pull it off? fortune.com  •  Share

🎧 Podcasts Of The Week

The Origins and Future of Aave, The Decentralized Finance Protocol to Lend and Borrow Crypto This week, Kevin Rose chats with Stani Kulechov, founder of the open-source and non-custodial liquidity protocol Aave. They cover the origins of the project, known initially as ETHLend before rebranding in 2018, and the platform's future, including the possibility of a decentralized Twitter competitor. pca.st  •  Share

The ETHCC Experience | Interviews with Ethereum Community Leaders Did you miss out on ETHCC? Here's the antidote to your FOMO. David interviews 9 thought leaders and builders about the conference, Paris, and the broader Ethereum Community. pca.st  •  Share

Did you enjoy this issue?

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

If you don't want these updates anymore, please unsubscribe here. If you were forwarded this newsletter and you like it, you can subscribe here. Powered by Revue