LensLinks: Issue 44

A blockchain news roundup, brought to you by Regiment LLC

Author

Len Pacek
December 05, 2022

Today in LensLinks:

  • Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

  • 2 $B Metaverse Fund

  • DeFi Protocol Ankr to Reimburse Users Affected by $5M Exploit

  • Blockchain Gaming: A Warm Respite from Crypto Winter?

  • Sony Enters Metaverse with Wearables

  • 101: What is a DAO

  • And Much, Much More...

QUOTABLE... 

“DCG will continue to be a leading builder of the industry and we are committed to our long-term mission of accelerating the development of a better financial system. We have weathered previous crypto winters and while this one may feel more severe, collectively we will come out of it stronger."

- Barry Silbert, founder of DCG

NOTABLE...  

Animoca Brands Plans $2 Billion Metaverse Fund to Support Established Projects – Metaverse Bitcoin News

Animoca Brands, the operator of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund.

https://news.bitcoin.com/animoca-brands-plans-2-billion-metaverse-fund-to-support-established-projects/

The new fund, which would be focused on returns for potential investors wanting to get more Web3-related capital exposure, will focus its activities on companies in the mid-to-late investment stages.

 Metaverse & Gaming

Video: Sony enters the metaverse with mobile motion capture wearables | Electronics360

https://electronics360.globalspec.com/article/19011/video-sony-enters-the-metaverse-with-mobile-motion-capture-wearables

Sony Corp. has unveiled a mobile motion capture system that allows for real-time motion input to motion capture and virtual reality (VR) for use in the metaverse.

 Blockchain, Tokens & DeFi

DeFi Protocol Ankr to Reimburse Users Affected by $5M Exploit

The attacker was able to mint 6 quadrillion aBNBc tokens, which was eventually turned into roughly 5 million USDC.

https://www.coindesk.com/markets/2022/12/02/defi-protocol-ankr-exploited-for-over-5m/

"We will take a snapshot and reissue ankrBNB to all valid aBNBc holders before the exploit. The ankrBNB token will continue to be redeemable, while aBNBc and aBNBb will no longer be redeemable," Ankr said in a tweet after the exploit.

 Crypto Trading

Reasons Why Crypto Trading is Essential for the Cryptocurrency Industry – CryptoMode

A high level of liquidity in the cryptocurrency industry is essential for a stable market and prices.

https://cryptomode.com/reasons-why-crypto-trading-is-essential-for-the-cryptocurrency-industry/

In a cryptocurrency trading environment, liquidity is vital to a healthy market. This can be achieved by having a reputable exchange supporting a particular crypto asset or specific trading pairs and a healthy volume of transactions. However, this does not happen immediately and takes time. In particular, it may take some time for a new innovative protocol to generate liquidity. Low volumes and trading pairs can also indicate a lack of liquidity.

Metaverse & Gaming - A Little More...

Eastern Shawnee Tribe of Oklahoma signs metaverse partnership with Lucky Lady Games

The joint venture, the latest in a line of developments adopted by the Eastern Shawnee Tribe of Oklahoma, aims to “bring the excitement of the Tribe&rsq

https://www.gamblinginsider.com/news/19363/eastern-shawnee-tribe-of-oklahoma-signs-metaverse-partnership-with-lucky-lady-games

Blockchain Gaming: A Warm Respite from Crypto Winter?

Blockchain gaming is experiencing a meteoric rise in both user engagement and investment, with mainstream gaming studios keeping a close

https://blockzeit.com/blockchain-gaming-a-warm-respite-from-crypto-winter/

India to have 700 million gamers by 2025: Report

COVID-19 pandemic has acted as biggest recruiter in the gaming pool and that around 45% of the Indian population started playing games during this period. Cheaper internet and one’s need to kill time and connect with people were the biggest drivers.

https://www.livemint.com/companies/news/india-to-have-700-million-gamers-by-2025-report-11669970090056.html

Blockchain, Tokens & Defi - A Little More...

Why money can’t sustain crypto – Co-founder Matterblock

Monies raised by several crypto projects yearly run into billions of dollars. In H1 of 2022, startups raised $30.3 billion from 1,199 rounds which is greater than all that was raised in 2021. These funds are budgeted for diverse activities including hiring talents, building projects, and more.  While the funds are vital to the ecosystem, […]

https://cryptotvplus.com/2022/12/why-money-cant-sustain-crypto-co-founder-matterblock/

What is a DAO? Different types of DAOs

As the complete transition from web2 to web3 consistently draws nearer, the blockchain technology has come quite far since its arrival back in 2009 with

https://www.eastmojo.com/world/2022/12/04/what-is-a-dao-different-types-of-daos/

Crypto Trading - A Little More...

DOGE Soars 6%, BTC Stuck at $17K Amid Low Trading Volumes (Weekend Watch)

Dogecoin is the best performer from the larger-cap alts, while CELO and NEXO have gained the most from the mid-caps.

https://cryptopotato.com/doge-soars-6-btc-stuck-at-17k-amid-low-trading-volumes-weekend-watch/

Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).

https://cryptonews.com/news/gemini-exchange-seeks-retrieve-900-million-from-crypto-lender-genesis.htm

 ESG (Environment, Social & Governance)

Sustainability in business | Insights & trends

Sustainability is everybody’s business. Explore EY insights to see how your business can reframe sustainability to protect and create new sources of value.

https://www.ey.com/en_us/sustainability?WT.mc_id=10817052&AA.tsrc=paidsearch&gclid=CjwKCAiAp7GcBhA0EiwA9U0mtuWMTcI3Apw_qMwO8LBnPkJ5qjQdXoloKImTPZScIqoF37_mGz9cPxoCktsQAvD_BwE

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports.  It is not an investment recommendation or solicitation for any investment.  The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates.  Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.