Ripple Flies Off To The Moon 🚀🌕
Discover more from Decentralized Weekly by Tegro
Hello Tigers 👋
Ripple managed to score an important win over the SEC. Meanwhile, Google Play has a change of heart regarding NFTs in games and apps. Finally, Ubisoft becomes the latest bigwig to go all-in on blockchain gaming.
All this, and much more, when you scroll below 👇
📊 Market Watch
7-day top collections sorted by trade volume. (Source: degenz.finance)
🖼 NFTs
Google Play Store changes its policy on NFTs in apps and games. It will now allow and support developers ✅ to add tokenized, user-owned content to their applications.
Opepen Edition, a 🐸 Pepe-inspired NFT collection by Jack Butcher, is on the uptick after it became the heart of a viral trend the past week.
Yuga Labs is flexing 💪 its IP rights by forcing Ethscriptions Protocol to takedown the Ethereum Punk collection and website.
Get Protocol secures $4.5M funding to create an NFT ticketing 🎟 alternative to Ticketmaster.
Sound raises $20M from a16z, Snoop Dogg, and others to develop its web3 music 🎶 NFT platform.
🎮 Web3 Gaming
Futureverse raises $54M in a Series A funding round co-led by 10T Holdings and Ripple Labs. The firm will use the funds for R&D as well as double-down on its gaming-focused blockchain called “The Root Network”.
Ubisoft has joined the Cronos Blockchain as a validator. The studio behind Assassin's Creed, Rainbow Six, and other AAA games, will collaborate on improving utility for blockchain gaming.
Night Run, a casual 🏍motorcycle riding game, announced its early access open beta on Steam. The web3 game will go live on 🗓 31 July 2023.
🌎 Other stories making headlines
Ripple (XRP) secures a partial victory over the SEC, after a judge ⚖ ruled that the token is not a security. The news sent the market into a frenzy, with XRP becoming the fourth-largest crypto by market capitalization.
Polygon unveils plans to transition the MATIC token to POL. Termed as a “hyperproductive token” POL will work across all Polygon protocols — Polygon PoS, zkEVM, and Supernets.
Aave launches its dollar-backed $GHO stable coin on Ethereum, reaching $2.5M TVL in 48 hours. 👀
Coinbase rolls out end-to-end encrypted web3 messaging ✉ in its wallet. The service is powered by the XMTP Protocol.
Uniswap announces the opt-in beta for UniswapX, a new permissionless, auction-based protocol for trading across AMMs.
Democrat Presidential hopeful, Robert F. Kennedy Jr. reveals plans to back the US Dollar with Bitcoin and eliminate taxes on crypto if elected. 😲
With that, we come to an end with this week’s digest. I’ll catch you in the next one, until then take care and stay well!
Cheers!
Kevin