GM 👋 This is Seedphrase daily, the nerds on crypto Twitter scavenger information to make you feel smarter daily.

📓 Today’s Agenda:

• 🗞️ This week’s headlines from Crypto, Web3 Funding Rounds, and NFTs

🗞️ Crypto Headlines

Bitcoin's down over 5% to $22,000 due to worries about Silvergate. This caused exchanges to liquidate bullish bitcoin futures worth over $62 million during Asian hours, the highest amount since August. - Learn more

MetaMask Integrates with Web3 Game Launcher Hyper Play to help provides an API for native games to integrate with MetaMask, and support all game engines. - Learn more

Binance lost $1.78 billion worth of collateral. The money was moved out of Binance wallets into stablecoins in August 2022, with $1.2 billion going to trading firm Cumberland DRW, raising concerns about the potential misuse of customer funds. (According to Forbes) - Learn more

Fujitsu & Mitsubishi agree on creating a metaverse in Japan, to allow users the ability to port assets and characters across multiple virtual worlds run by different companies. - Learn more

The Sandbox, a decentralized gaming virtual world, acquired Sviper GmbH, a German game development studio that was established in 2016. Sviper is known for its creative excellence and senior-level talent in working with major brand partners. - Learn more

$9.2M of user funds stolen from the Algorand blockchain. My Algo has notified their users to withdraw all funds immediately as they further investigate the cause of the hack. - Learn more

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💸 Funding Rounds

Redeem raises 2.5m in a pre-seed round led by Kenetic Capital. Redeem is building Web3 technology that allows users to send and redeem NFTs using their phone numbers. - Learn more

Conflux raises 10m from DWF Labs. Conflux Network aims to build blockchain-based SIM cards in partnership with China Telecom - Read more

Orange Comet raises 7m. A Web3 entertainment and technology company, developing ecosystems around Web3 experiences and gaming. - Learn more

Term Finance raised $2.5 million in a seed round led by Electric Capital. Term is building a decentralized protocol for fixed interest borrowing - Learn More

👾 NFTs Headlines

Opensea rolls out their newest update, Seaport 1.4 to allow users to list multiple items from different collections, all in one transaction saving users time and gas fees- Learn more

Kevin Rose, Proof give an ecosystem-wide update on what they’ve been working on and what the future focus will be for the collection - Learn more

Magic Eden launches Mint Madness, a month-long gamified experience including 12 Free mints & a 20K $MATIC prize pool for the top 10 traders - Participate now

Pixel Vault launching a decentralized auto-brawler game
on Reboot, an open arcade protocol that seeks to disrupt the centralized gaming industry. - Learn more

$2 Billion in NFTs, marking February as one of the best months since the Terra Crash for NFT trading - Learn More

Taco Bell metaverse hosts a wedding, a couple decided to enter a competition to have their wedding in the metaverse and they won. - Read the story

For more in-depth NFT news check out yesterday's edition

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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