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.

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.

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.

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.

5️⃣ BTC price touches $21K

Bitcoin climbed to a four-month high above $21,000 this week, embellishing trader’s hope.

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.