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2022-12-25 19:13:59 Web3 projects would rather get hacked than pay bounty: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.Uniswap, one of the leading decentralized exchange platforms, is integrating debit and credit card support for its users. It will allow Uniswap users to buy cryptocurrency directly with their cards.A Web3 developer has claimed that many crypto ecosystem projects would rather get hacked than pay bounties. After reporting and helping patch a smart contract vulnerability, the developer claims that the projects he helped started to ignore him. However, despite a tumultuous year, DeFi, nonfungible tokens (NFTs) and blockchain games drove decentralized application (DApp) usage across the industry, according to DappRadar’s 2022 report.

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2022-12-24 22:24:59 International Chess Federation Checks Into Web3 With Avalanche Integration

The International Chess Federation (FIDE), the sport’s governing body, announced Friday it is partnering with the Avalanche blockchain to bring its competitions into Web3. The partnership will create “operational efficiencies for players and federations and improve game integrity,” according to a press release, such as publishing tournament data and player rankings on-chain, as well as AVAX-hosted tournament prize pools.The tie-up also places Ava Labs, the builders behind the Avalanche blockchain, and Core, a self-custody crypto wallet, as featured sponsors at physical chess tournaments around the world, including the World Chess Championship and Chess Olympiad.

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2022-12-23 18:41:01 Hong Kong Legislator Aims to Woo Web3 Businesses Through Startup Accelerator

A Hong Kong-based start-up accelerator will offer assistance to 1,000 web3 start-ups to bring business to the region. Hong Kong is attempting to reclaim its crypto hub status by achieving the target in the next three years. South China Morning Post reported that G-Rocket is trying to rope companies into the sector to bring more business to the region. The crisis also prompted strong worldwide regulatory action. The Securities and Futures Commission (SFC) of Hong Kong didn’t waste any time in warning users about the dangers of staking platforms and exchanges.

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2022-12-22 22:14:00 Winter-weary crypto startups find refuge in Jamie Burke's web3 nursery

Outlier Ventures is an outlier in every sense of the word. Built out in the U.K. rather than Sand Hill Road, Jamie Burke and his team have taken 187 early-stage web3 startups under their wing since it started running an accelerator program in 2019. Burke launched Outlier in 2014 after working as a lead digital strategist at advertising agency WPP and running his own digital consultancy. Like other startup accelerators, it provides mentorship, support and limited funding to very early-stage startups in exchange for equity. We want to build a business at scale that when that time comes.

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2022-12-21 18:41:01 New $60M web3 fund from Axelar offers close support from Circle, Polygon & exposure to top investors

The interchain communication protocol, Axelar, has announced a $60M funding program to drive innovation for web3 startups building during the bear market. Given the current crypto landscape, such funds are likely to become a lifeline for new developers. Axelar stated that the fund is “geared for projects that are ready to raise institutional capital” while its Axelar Grant Program “supports idea-stage projects.” Applications for the Ecosystem Funding Program can be made through the Axelar funding request form. Those in the “idea stage” can apply for an Axelar grant via the project’s website.Solve global problems that the centralized internet cannot address.

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2022-12-20 22:25:11 Polygon's next web3 play is an NFT debit card

Polygon has partnered with the neo-banking app Hi to introduce a platform that allows users to mint NFTs for a web3-focused debit card. The move follows other strategic partnerships from Polygon, which has collaborated with Starbucks and Magic Eden. The move marks the latest strategic partnership for Polygon, which is trying to become the face of gasless fees for NFTs. Polygon undergirds the Starbucks NFT loyalty rewards beta as well as new blockchain gaming features from Solana's biggest NFT marketplace, Magic Eden. Called the NFT Debit Mastercard, card holders can spend either crypto or fiat currencies at 90 million global merchants.

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2022-12-19 22:52:01 a16z's Chris Dixon sees community builders as future of web3 gaming

Chris Dixon, founder and general partner of a16z, is excited for where web3 gaming could go over the coming year. Dixon described how, within the past three years, most teams building web3 games were "crypto people who were game enthusiasts.". a16z launced a $600 million fund to build out the web3 game industry in May. The firm has since invested $23 million in the collectibles and NFT gaming platform Cryptoys, led a $56 million round in the metaverse avatar platform Ready Player Me and led a $150 million raise for the blockchain gaming startup Mythical Games. Web3 gaming is presently dominated by two entities, according to The Block's Data Dashboard.

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2022-12-18 22:41:00 Web3 Needs Seamless Infrastructure to Drive Adoption

Blockdaemon predict that the future of Web3 will be built on a foundation of seamless user experience: seamless use, seamless monetization and seamless governance. The success of any Web3 project is dependent on its ability to deliver this seamless experience to all users, including developers and enterprises within the blockchain space.blockchain-based solutions are the future of digital infrastructure. In order for them to take off, however, we need to ensure that the user experience is of high quality. This means that both users and developers need an easy way to access Web3 infrastructure and apps built on top of it.

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2022-12-17 18:52:02 FTX Collapse Has Rekindled Security and Reliability Concerns for Web3 Projects Says Marketing Expert

The fallout from the collapse of failed crypto exchange FTX is forcing Web3 brands, and projects previously focused on managing the public’s perception, to concentrate on fighting for their very legitimacy, Laura K. Inamedinova. After initially starting the year focused on community management and the public’s perception, the fallout from FTX’s collapse caused many Web3 brands and projects to switch to arguing for their legitimacy and reputation, Web3 marketing agency founder Laura K. Inamedinova has said. She added that even in cases where there is no direct connection with FTX, Web3 entrepreneurs now feel compelled to address concerns about the security and reliability of their projects.

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2022-12-16 22:41:00 a16z leads $100 million raise for web3 privacy firm Aztec Network

Aztec Network, a firm that aims to encrypt the Ethereum blockchain, raised $100 million in Series B funding led by a16z. The privacy-focused web3 firm Aztec Network raised $100 million in Series B funding led by the web3 investment firm a16z. Aztec aims to fully encrypt the Ethereum blockchain to add more privacy and reduce computational redundancy. The firm will use the fresh raise to develop encrypted architecture that lets individuals properly use blockchains without exposing identifying information. In addition, Aztec intends to double its current team of 40 people, the co-founders told TechCrunch. obviating the need for centralized financial systems.

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