This week in web3 #14
Every Friday afternoon, we share with you the most important news of the week in the world of web3.
1️⃣ 3AC founders pitch new platform
Kyle Davies and Su Zhu, the co-founders of bankrupt cryptocurrency hedge fund Three Arrows Capital are now courting investors for a new crypto exchange focused on claims trading. https://www.cnbc.com/2023/01/16/founders-of-three-arrows-capital-pitch-platform-for-crypto-bankruptcy-claims.html
2️⃣ WeaveDB raises $900k
WeaveDB, the first NoSQL DB as a smart contract on Arweave, just announced its $900k pre-seed round, led by Permanent Ventures. https://medium.com/weavedb/weavedb-raises-900k-pre-seed-round-ee2d3b35b5e7
3️⃣ Iran and Russia to issue stablecoin backed by gold
The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. https://cointelegraph.com/news/iran-and-russia-want-to-issue-new-stablecoin-backed-by-gold
4️⃣ 1inch releases hardware wallet
Decentralized exchange aggregator 1inch Network has developed a hardware wallet that aims to provide a secure device for crypto users to hold their assets. https://www.theblock.co/post/203765/1inch-hardware-wallet
5️⃣ BTC price touches $21K
Bitcoin climbed to a four-month high above $21,000 this week, embellishing trader’s hope. https://cointelegraph.com/news/bitcoin-crowd-sentiment-hit-multi-month-high-as-btc-price-touches-21k
6️⃣ Yuga Labs nets $10M with new NFT collection
Yuga Labs’ Bored Ape Yacht Club Sewer Pass has generated over $10M in trading volume less than 48 hours after launch. With some Passes listed for over $640K, this drop is undoubtedly successful. https://nftevening.com/bored-ape-yacht-club-sewer-pass-mint-makes-over-10m-in-sales/