Cover Story: dYdX
- dYdX proposes $12M DYDX grant program to fund ecosystem development initiatives.
Source: dYdX Forum - Avalanche's Durango upgrade successfully launches on Fuji testnet.
Source: Avalanche Twitter - Taurus partners with Lido to offer liquid Ethereum staking for Swiss banks.
Source: CoinDesk - Binance Web3 Wallet integrates 24 new DApps, expanding DeFi accessibility.
Source: Binance Announcement - Japan’s FSA urges stricter monitoring of crypto transfers to curb illegal activities.
Source: The Block - Aura Finance passes proposal to optimize AURA tokenomics and reduce emissions.
Source: Aura Twitter - Architect raises $12M led by BlockTower Capital and Tioga Capital, founded by ex-FTX US president.
Source: Brett Harrison Twitter - Ultiverse secures $4M funding led by IDG Capital for AI-powered Web3 gaming.
Source: Decrypt - WATCHES.IO raises $1.9M Pre-Seed for crypto-based luxury watch trading.
Source: WATCHES.IO Twitter
Featured Reads
👉 Web3 Funding Trends 2023: Infrastructure & DeFi Dominance
👉 Farcaster: The Decentralized Social Protocol Backed by A16z
Highlights:
- Enterprise infrastructure and wallet solutions dominated 2023’s $9B+ Web3 funding.
- DeFi evolution: DEX competition, derivatives, and RWA gain traction.
- Farcaster’s decentralized social protocol attracts major VC interest.
FAQ
Q: What is dYdX’s new proposal about?
A: dYdX seeks community approval to allocate $12M in DYDX tokens for ecosystem grants.
Q: How does Taurus-Lido collaboration benefit Swiss banks?
A: It enables liquid staking for Ethereum, offering banks yield-generating services.
Q: What makes Ultiverse’s Web3 gaming unique?
A: AI-driven gameplay and metaverse integration, backed by IDG Capital and Animoca Brands.
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