Thursday, Apr 7th 2022
"There are a lot of things in business that are completely out of your control, but hard work isn't one of them." —Sally Krawcheck
1) Creator of Axie Infinity ratchets up financial support from Binance and Andreessen Horowitz in the wake of crushing crypto hack
Titan’s Takeaway: As Axie’s developers rush to implement security upgrades, cyber resilience will be integral to the continued operations of the game.
2) Meta could soon introduce coins and tokens for its portfolio of apps, including Horizon metaverse
Titan’s Takeaway: We’ll be interested to see whether “Zuck Bucks” take flight, in reality or in the metaverse. Meta is likely aware that some of its rivals are beating it to the punch on crypto adoption: see TikTok’s creator-led NFT collection, or Twitter’s NFT avatars and crypto tipping.
3) Binance.US pulls in $200M to cross a $4.5B valuation amid hot competition
Titan’s Takeaway: Binance’s presence in the US is intertwined with prickly compliance rules and tight scrutiny of crypto-trading firms transacting client funds. As the US regulatory climate clears up, we expect a more crypto-friendly environment will see more American investors enter this space—and the front-running exchanges, like Coinbase, stand to make serious gains.
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