Web3 Weekly Wonderland | Edition #20 – Dec 2022

Welcome back, Web3 friends!

The latest edition of the Web3 Weekly Wonderland is here to enliven the week, right in time for the holidays that are just around the corner!

Speaking of holidays??, this edition will be our last one for 2022, and we will see you back again in the new year with our weekly Web3 briefs. Wish you all a happy holiday season! ?

In the meantime, get aboard the Web3 rollercoaster! Sign up ?? for the Web3 Weekly Wonderland newsletter now!?

The week's Top 10 news from the decentralised world

• The NFT world got some propulsion last week as?Selfie.Live?collaborated with musician Lee Brice to create digital memories for the fans on tour and provide them with special NFTs.
• Revel?raised $7.8M in seed funding to develop an easy and efficient all-in-one social trading platform for NFTs enthusiasts.?
• Community members of?Uniswap DAO?voted unanimously in favour of altering the governance structure within the ecosystem. Whereas,?Ethereum Name Service (ENS) DAO?members voted to elect the stewards for the Meta-Governance, ENS ecosystem, and the Public Goods working groups for 2023.
• Uniswap?teamed up with?MoonPay?to enable the purchase of digital assets on the Uniswap Web App for anyone using a fiat credit card, debit card, or bank transfer across the Ethereum mainnet, Polygon, Optimism, and Arbitrum.?
• Lamina1?launched a rolling fund to provide capital-raising tools for Web3 builders working on open metaverse ventures and provide access to global investors to such projects at the ground level.
• Rising from the ashes of the Terra crash, Solana-based perpetual swaps trading protocol?Drift?has launched a new Version 2 to provide a one-stop-shop crypto exchange for all types of DeFi transactions.?
• Meta?plans to allocate 20% of its total budget in 2023 to?Reality Labs, its AR/VR business division, despite criticisms of the metaverse.
• Visa?has developed a smart contract application on the?Ethereum?blockchain that could enable automated bill payments through a bank account.
• Affinidi?and?FilPass?signed a Memorandum of Understanding to avoid fake identification claims and establish and issue verifiable credentials in the Philippines.

Web3 Word Of The Week

cTokens:?One can define tokens in C as the smallest individual elements in a program that is meaningful to the functioning of a compiler. A token is the smallest unit used in a C program. Each and every punctuation and word that you come across in a C program is a token.

Don't forget to check out this Web3 delight ?? over the weekend for a peek into the Web3 realm –?Visa Crypto Thought Leadership – Auto Payments .?

That's all for now!??

If you're hungry for FinTech insights, check out some of our other work at?WhiteSight .?

Our latest publications include a glimpse at the tokenisation of assets in 2022 in?Asset Tokenisation: The Next Frontier for Partnerships in Banking ?and explore the revolution of core banking in?Cloud-native Cores and Digital Banking Revolution .

If you're someone who prefers to read think pieces, you will likely love our monthly blog?Fintersections , where our team members analyse the convergence of FinTech with the world.

FinTech research is in the WhiteSight DNA, so if you'd like to get in touch for features, sponsorships, reach, and content marketing services, reach out to us at[email protected] .

And lastly, to stay updated on everything FinTech and Web3, follow us on?LinkedIn ?and?Twitter , and don't be shy to show some ??