Cryptocurrency News Snippets March 22, 2022

News Snippets:

1. Yat Siu, Co-founder and Chairman of Animoca Brands is now focusing on social media giants as a part of its latest Web3 expansion. Yat Siu stated that Animoca will “shepherd companies into Web3” to speed up the evolution of the internet into an open Metaverse. For clarity, Animoca Brands and its various subsidiaries develop and publish a broad portfolio of blockchain games, traditional games, and other products.

2. Katie Haun, crypto investor and board member for Coinbase and OpenSea, has launched a new fund, Haun Ventures. The fund will invest in Web3 projects through two funds, a $500 million early-stage fund, and a $1 billion acceleration fund.

3. Cowen, a major American independent investment bank, has officially launched a dedicated cryptocurrency and digital asset division. For clarity, Cowen is a full-service independent investment bank with a broad suite of world-class advisory and capital raising capabilities for companies across the United States and Europe. Start a Conversation. Capital Markets. Advisory. Strategic Capital.

4. Artist Danielle Weber who spoke at the Australia Blockchain Week conference, stated that the nonfungible token (NFT) art industry has developed into a “beautiful cycle” because of the connection artists have with their fans. For clarity, Danielle Weber is an Australian Melbourne based artist, whose career in art stems from growing up in an artistic and creative family, with an abundance of encouragement and support leading to her art dream being realized in 2011.

5. With regulators from across the world trying to handle DEXs there is no clear clue as to how the regulation will look like. It is very clear that it is coming.  However, Ariel Shapira, CEO of Social Wisdom and Publicist was wondering if KYCs could solve the regulatory problems of deregulatory exchanges.

6. After a rough 2021, Ethereum Classic (ETC) has outperformed most coins on the market in March, as its price almost doubled in the past 30 days. The attractive poster from CoinTelegraph read: “If you bought $1,000 of Ethereum Classic on February 23, 2021 you would have $1,701 today.”

7. Indigenous Australians are beginning to take part in the Metaverse with plans for a First Nations Cultural Embassy. This is expected to happen following, an Australian Indigenous group releasing a discussion paper on creating an Indigenous Cultural Embassy and is planning to enter the Metaverse.

8. Formula 1 is gaining the attention and interest of crypto firms. It just looks like crypto firms are bringing more than sponsorships.  NFTs from such sponsorships are expected to demonstrate important use cases with the Formula 1 and Crypto firms partnerships.