Web3 Wednesday 11.9.2022

Web3 Industry Buzz ???

Tuesday’s breaking news re: the agreement for Binance to purchase FTX has taken over the crypto-sphere this week*. The news is still in early days and our team will be watching closely to see how this plays out — and the near and long-term impacts for our partners and clients. For now, here are 3 key stories on the news we recommend reading on the topic:

1. For anyone who wants a translated synopsis of the full situation (great for friends and colleagues who are unfamiliar with the space): What the hell just happened in crypto? A Q&A in plain English about Binance’s takedown of FTX
2. A quick and to-the-point report that’s being updated daily: FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange
3. Deeper analysis and hypothesis about broader implications from Bloomberg: Sam Bankman-Fried Bows to Rescue From Binance’s CZ as FTX Buckles

*An EOD Wednesday edit*

1. With everything that has transpired since pushing publish on this week's newsletter, it felt appropriate to add an update. Here's a new headline that says it all: Crypto chaos continues as Binance drops bid to buy rival FTX

And beyond these core crypto conversations, we continue to see understanding and utility of NFTs growing across industries…

• MATIC Jumps 20% in a Day After Instagram's Polygon NFT Minting Reveal
• Here Are the Biggest Music NFTs in October: Probably A Label, Mike Shinoda & Alan Walker
• Apple tightens its rules on crypto and NFTs in its App Store
• Payments Giant Visa Partners With Crypto.com for New NFT Collection
• NFL All Day NFT Sales Surge on Sundays During Football Games

Brands Entering the Web3 Space ??

Meta tests NFTs, Lamborghini speeds into the metaverse, and a great synopsis of how our friends at Reddit, Inc. made Web3 user-friendly.

• Meta is testing a way to mint and sell NFTs on Instagram
• Lamborghini Unleashes Its Metaverse World Tour-themed NFTs
• How Reddit defied Crypto Winter and created a $10 million market for customizable avatars—just don’t call them NFTs

Web3 Funding News ??

Following up on last week’s commentary regarding the ‘slow down’ in Web3 funding, we have yet another wave of new funding news confirming that ‘slow’ doesn’t mean ‘stop’, and the industry continues to grow where thoughtful, intentional Web3 use cases come together.

• Ex-Bain investor launches $30M web3 consumer VC fund as solo female founder
• Courtyard Raises $7M in Seed Funding To Redefine Physical Collectibles Ownership Through NFTs
• NFT Collective Proof Raises $50M in Funding Round Led by a16z
• NFT game studio Vulcan Forged raises $8M in Series A Funding

Tips, Tricks, and Insights from Fortress ??

There’s a lot happening in the Web3 World, and we’re here to help explain. This week we’re discussing the current market landscape and how blockchain will benefit the future of business.

• Web3 Innovations: How to Launch NFTs & Crypto with Fortress?
• Web3 and the Future of Payments
• The Future of Blockchain Amidst Crypto Meltdowns

What else do you want to know about Web3? ??

Reach out to?Fortress Web3 Technologies?on?LinkedIn?or?Twitter?with content requests and ideas ??

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