LensLinks: Issue 49

Today in LensLinks:

• Innovation in DeFi "has not died"

• 101: The What and Why of Tokenomics

• FTC to Curb Microsoft?

• Amber Firm "Ditches Chelsea"

• Epic Games CEO Tim Sweeney thinks ‘every politician should fear’ Apple’s power

• FTX "Revival planned by SBF"?

• Behind the Scenes: Frantic Texts During FTX Collapse

• And Much, Much, More...

Krugman perhaps understates his position on cryptocurrency and blockchain, last week penning a New York Times column in which he says the hype over cryptocurrency and blockchain technology is a “tragedy” that has resulted in “waste on an epic scale.” He certainly made an ideal sparring partner to CZ for the online class. MasterClass provided Decrypt access to the fifth lesson, which featured the pair of experts.

On Thursday, the Federal Trade Commission announced a lawsuit to block Microsoft from acquiring Activision Blizzard, developers of the Call of Duty and Overwatch franchises. The FTC alleges the deal would give Microsoft an unfair advantage over its competitors in the gaming industry, essentially creating a monopoly.

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Decentralized finance has risen to fame due to the exponential growth of blockchain technology witnessed worldwide. In less than two decades, blockchain technology has grown to a multi-trillion dollar market capitalization housing advanced technologies such as cryptocurrencies and Non-Fungible Tokens, often dubbed digital art. A new DeFi platform is rising from the ashes with some of the most attractive features to the eye of any digital asset investor. SmarterWorx is the new revolution of NFTs.

Singapore-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC, according to a Bloomberg report, citing a source.

Amber Group, which is backed by Temasek and Sequoia Capital, is also laying off around 300 staff to slash its workforce to less than 400. At its peak it employed more than 1,100, the report said.

Under the sponsorship, Chelsea would show the logo of Amber’s WhaleFin trading platform on team shirts for the duration of the current 2022/2023 season.

Metaverse & Gaming - A Little More...

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

Crypto Trading - A Little More...

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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.