Web3 Weekly Wonderland | Edition #18 – Dec 2022
Welcome back, Web3 fanatics!
We’re back again with some energising thrills of the Web3 world in the latest edition of the Web3 Weekly Wonderland!
The week's Top 10 news from the decentralised world
The first week of December has seen some buzzing activities:
Perennial raised a $12M seed round to fund its DeFi derivatives platform. On the opposite side of the coin, SushiSwap decided to divert 100% of its fee revenue to treasury for the next year to address the protocol's deficit problem.
The NFT market gained traction as Opera Crypto Browser teamed up with Alteon Launchpad to let beginners in Web3 mint NFTs without usage fees.
Winamp has added music NFTs to its desktop players supported by Ethereum and Polygon in its latest update.
Keeping the future utility of Web3 in mind, Flipkart has partnered with Polygon to speed up the adoption of metaverse and web3 in the e-commerce market and set up a centre of excellence in India.
Walking the talk, Telegram now allows users to open an account without a SIM-linked phone number. Instead, users can log in using blockchain-powered numbers provided by blockchain auction platform Fragment.
Chainlink introduced a new staking feature to increase security and sustainable growth around its oracle services.
With sustainability in mind, NEAR Protocol has partnered with ESG DAO to deploy its open, democratic, and credibly neutral ESG rating protocol called OpenESG on the NEAR blockchain.
Banking in the metaverse got more legit as South Korea's Shinhan Bank launched a metaverse site to provide financial and non-financial services after running a five-day trial earlier this year.
Mercurial has decided to revamp its brand, community and token distribution in response to the toxicity left after the FTX collapse.
Web3 Word Of The Week
Bonding Curves: Bonding curves is a dynamic approach to calculating cryptocurrency values, as they take ecosystem growth into consideration. A bonding curve recognizes that as an ecosystem grows, so does the amount of that ecosystem's token, and subsequently, so does its value.
Don't forget to check out this Web3 delight 🍩 over the weekend for a peek into the Web3 realm!
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 taking a look at the layoff patterns in 2022 in Winter Is Here For The FinTech Folks and exploring Starbucks' embedded finance play in The Bank with a Bean Licence.
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.
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