Gaming
How did the FTX collapse impact the Web3 gaming industry?
The FTX collapse impacted the whole crypto ecosystem, but this might have been deeply felt in Web3 gaming because of the ties between Solana and FTX.
Footprint Analytics 3 min read
Web3 News
Get the latest Web3 news on apps, infrastructure, identity, ownership, creators, and the next phase of the decentralized internet.
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Top Web3 Stories
Bankruptcy
SBF had detailed info on Alameda’s finances as recently as March, Forbes reveals
Bankman-Fried has sent Forbes documents showing his ownership stakes in Alameda (90%) and FTX (around half) and screenshots of wallets holding cryptocurrencies in January 2021.
Banking
SilverGate CEO says “This type of volatility is not new to us,” as crypto market continues to struggle
The current financial conditions are challenging for all financial markets, including Bitcoin, according to SilverGate CEO Alan Lane
Latest Web3 News & Analysis
Adoption
Telegram to build non-custodial wallets and decentralized exchanges, says CEO Pavel Durov
CEO Pavel Durov said Telegram would launch a range of decentralized cryptocurrency products, including a decentralized exchange and a non-custodial wallet.
Investments
Animoca to launch $2B investment fund for metaverse
The fund is currently at the formation stage and intends to raise between $1 billion and $2 billion to invest in metaverse-related businesses.
Bear Market
Upbit’s parent company Dunamu sees profit drop 76% in Q3
Dunamu recorded sales of about $204 million, an operating profit of $125.5 million, and a net profit of $120 million in Q3.
Adoption
Kiln acquires €17M via funding round; aims to expand staking services
The prominent firm, through the funds, intends to enhance its market outreach to broad users, as revealed in a press release shared with CryptoSlate.
Bankruptcy
BlockFi becomes another victim of the FTX collapse with bankruptcy filing
BlockFi files for Chapter 11 bankruptcy protection and would seek to recover all obligations owed by its counterparties, including FTX.
Web3
Germany has the second highest concentration of ETH nodes in the world
Germany has the second-largest concentration of Ethereum validator nodes, thanks to the country’s early entrant advantage in the blockchain sector.
