This Week in DAOs + Web3 - Oct 5, 2023
A roundup of the most exciting developments in DAOs and web3.
Highlights
🏦 More Options - Crypto exchange Kraken is exploring offering stocks and exchange-traded funds (ETFs) for trading in the U.S. and the U.K. as soon as 2024.
🙋 TradePal - PayPal filed a patent application for an NFT-trading marketplace that enables on- and off-chain trades.
🟠 Collective Wisdom - Stablecoin issuer Circle launched Perimeter Protocol, a smart contract codebase serving as an open-source blockchain technology research foundation.
🚨 SecurityForce - IBM Quantum and Microsoft have formed a coalition for post-quantum cryptography alongside MITRE, PQShield, SandboxAQ, and others.
World Wide Web3
🖼️ #web3forgood - Scottish NFT artist Trevor Jones raised nearly $140,000 at a Web3 Castle Party to help fund cancer treatment for those in need.
🗝️ Tokenization Pilot - Swiss-based UBS Asset Management is piloting a tokenized money market fund on Ethereum as part of the Monetary Authority of Singapore’s Project Guardian.
🪸 Sustainability Play - Buenos Aires-headquartered oil company Tecpetrol will convert surplus natural gas into energy for cryptocurrency mining.
🏏 Web3 Wickets - The International Cricket Council has partnered with NEAR foundation to build a blockchain-powered web3 fan engagement app for the 2023 Cricket World Cup.
🪙 Transnational Pilot - The Bank for International Settlements and the central banks of France, Singapore, and Switzerland successfully tested cross-border trading and settlements of multiple wholesale CBDCs.
🌞 On-chain ID - The Buenos Aires government is rolling out a decentralized digital identity protocol built on Matter Labs’ zkSync Era rollup.
🌏 Asian Adoption - SCBX, one of Thailand’s largest financial institutions, and Korean web3 investment firm Hashed have partnered to work on joint R&D initiatives and promote decentralized technology adoption regionally and globally.
🇧🇭 Futureproof - Bahrain-based Bank ABC is using JPMorgan’s Onyx Coin Systems for blockchain-based, cross-border commercial transactions in a limited launch.
💃 Hola Coin - Coinbase has registered with the Central Bank of Spain to provide legally- and MiCA-compliant digital asset exchange and custody services to retail and institutional users throughout the country.
Show Me the Money
💰 Integrated DeFi - Mesh, which helps enterprise customers manage and aggregate digital assets, raised $22M in a Series A round led by Money Forward.
👕 Let’s Get Phygital - IYK, which provides the building blocks for digi-physical products, raised $16.8M, led by a16z, to further develop ‘phygital’ experiences.
🔥 Fiery Buy - Digital asset custody firm Fireblocks has acquired BlockFold for $10M to expand its tokenization capabilities for financial institutions.
🌱 DeFi Seed - Avantis Labs raised $4M in a seed round led by Pantera Capital to cultivate a DeFi derivatives ecosystem and help drive decentralized finance adoption.
Coming up in Web3
🇬🇧 October 5-6: Zebu Live London
🇮🇹 October 6-8: ETHRome
💻 October 6-27: ETHOnline
🇭🇰 October 22-24: ETHHongKong
🇪🇸 October 25-26: European Blockchain Convention Barcelona
🏴 November 2-3: Enter the Metaverse London
🇵🇹 November 7-10: NEARcon Portugal
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