Friday, October 7, 2022

Community-led FTT DAO raises $7 million donated by FTX token fans

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FTT DAO, a community-led ecosystem DAO, received 250,000 $FTT, worth about $7m, in community donations to kick start its activities. A number of community contributors took part in the donation to help grow FTT DAO. Through this donation, which will be used as an ecosystem fund, FTT DAO plans to support upcoming community-led projects across areas like crypto education, decentralized finance and effective altruism for the FTT community.

Catheon Gaming appoints curated industry expert Mark Aubrey as CEO

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Catheon Gaming, a fast-growing integrated blockchain gaming and entertainment company, announced that Mark Aubrey will be appointed as the company’s new co-Chief Executive Officer, effective July 11, 2022. Aubrey will work alongside William Wu, Founder and CEO, to scale the company in the rapidly growing blockchain gaming industry.

SWIM and Underknown to enable web3 functionality with a private beta

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SWIM, a provider of web3 solutions, announced its collaboration with Underknown, the creators of the #1 science video series, ‘What If.’ With this collaboration, SWIM and Underknown fill a void in the industry by forming a decentralized educational & entertainment web-based platform that rewards users, directly connecting to their Metamask wallets.

Community-owned Web3 accelerator to share profit with alumni & mentors

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Collective Campus, Australian innovation consultancy and startup accelerator, is spinning off Metarise - a $10m web3 venture fund and community-owned web3 startup accelerator. Only 0.1% (30,000) of the 30 million software developers across the globe are active in web3, with similar patterns across design and marketing professionals. This has prompted various web3 networks and protocols to announce over US$9 billion worth of ecosystem development funds in the 12 months to May 2022, including Avalanche ($200 million), Harmony ($300 million), Algorand ($500 million), and TRON’s $1,111,111 ecosystem fund. 

True Global Ventures announces the closure of its $146m Follow On Fund

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True Global Ventures 4 Plus (TGV4 Plus) Fund announces its first closure of its US$146m Follow On Fund. The TGV4 Plus Follow On Fund has a group of 15 General Partners (GP), who lead the fund and its Investment Committee, putting in more than US$62m of their money into the fund. This is a total GP commitment of over 40% of the total fund size and over US$4m per GP on average. The first capital call of the fund has been fully paid in.

Mythical Games partners with Kakao Games to further APAC expansion

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Next-generation blockchain gaming studio Mythical Games has announced a partnership with Kakao Games, South Korea’s publisher of online and mobile games. Moving forward, Mythical will integrate and support the BORANETWORK – an affiliate of Kakao Games and its proprietary blockchain and layer 2 ecosystem – as both continue their expansion in Asia.

Banxa announces partnership with digital assets platform WonderFi

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BANXA Holdings Inc. (Banxa), the on-and-off ramp solution for Web3, announced it has formally entered a new partnership with WonderFi Technologies Inc. (WonderFi), a tech firm with the mission of creating better access to digital assets through compliant centralized and decentralized platforms. The deal builds on Ethereum, Polygon, and Bitcoin blockchains, and targets key markets including Australia, Brazil, European Union, United Kingdom, and the US.

How an Aussie blockchain business became accidental technology leader

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A globally recognised tech training hub on Queensland’s Gold Coast has emerged as a vital link taking blockchain technology to new heights. Producing education curriculums was never on the to-do list for Blockchain Collective co-founders Austin Lewinsmith and Nathan Burns.

Australian influencers reluctant to embrace Non-Fungible Token trend

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HypeAuditor, the AI analytics platform for brands seeking fair, transparent, and effective influencer marketing, released new data revealing the state of non-fungible tokens (NFTs) on Instagram following the announcement that it will start integrating NFTs from blockchains, like Ethereum, Solana, Flow and Polygon, testing digital collectibles with select creators in the US.

Queensland micro-philanthropy company aims to make the little count

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A new offering by Gold Coast micro-philanthropy platform Little Phil is linking charities and a Millennial workforce demanding companies give back. Little Phil, which is short for Little Philanthropist, is transforming traditional donations by using innovative tech to track micro-donations but is also having a decidedly mega impact on global charities and workplaces.