This week in web3 #14

Every Friday afternoon, we share with you the most important news of the week in the world of web3.

This week in web3 #14

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 LabsBored 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/