Crypto VC exits have been low in This fall 2023, Phantom MAU’s attain new highs and spot bitcoin ETF volumes are nonetheless rising

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This week roses have been pink, violets have been blue, the crypto market was inexperienced — for all of you. In the event you comply with me on X, you might need already seen me put up this, however should you don’t, I’m sharing the love right here, too.

Anyhow, let’s get into it. Right here’s what you missed this week: Spot bitcoin ETFs within the U.S. turned one month previous, Phantom crypto pockets reached new heights for month-to-month energetic customers final month and crypto VC exits have been tender in This fall 2023. Extra beneath.

Scheduling notice: I’ll be OOO subsequent week, so there gained’t be a publication.

This week in web3

1. Crypto exits stay low however traders stay unfazed
2. Solana-based DeFi, airdrops propel crypto pockets Phantom’s consumer base to new heights
3. This gaming startup tries to point out ‘AI + crypto’ just isn’t a fad
4. As spot bitcoin ETF volumes proceed to rise, Bitwise Asset Administration predicts a excessive ceiling for development

Crunching numbers

This week the crypto market was wanting fairly bullish as the 2 largest cryptocurrencies by market capitalization, bitcoin and ether, each rose about 16.5% on the week, in line with CoinMarketCap knowledge. The full crypto market cap elevated 14% over a seven-day interval to $1.96 trillion.

Earlier this week, Solana additionally briefly took over because the fourth largest cryptocurrency by market capitalization, surpassing the BNB token, which has since regained the place. Solana’s market cap is about $3 billion behind BNB and its value is up virtually 11% on the week.

Our favourite ‘Crypto Twitter’ put up

Calling all builders who didn’t have dates on Valentine’s Day and tweet about zero-knowledge roll ups…this one is, sadly, for you. For these of you who did have plans, it is likely to be time to battle again.

Picture Credit: X (opens in a brand new window)

The most recent pod

Chain Response is doing a month-to-month sequence diving into completely different matters and themes in crypto. This month we’re specializing in NFTs.

For this week’s episode, I interviewed Yat Siu, co-founder and government chairman of Animoca Manufacturers.

Yat co-founded Animoca in 2014 and since then it has invested in additional than 400 web3 initiatives throughout a spread of sectors like DeFi, training, infrastructure, blockchain gaming and the metaverse.

Animoca additionally has its personal NFT collections, blockchain merchandise and video games, like its web3 NFT-based group Mocaverse, the blockchain sport and NFT assortment REVV Racing and The Sandbox, a decentralized digital world with over 40 million cell installs. The corporate has additionally labored with different well-known manufacturers and personalities, like Disney, WWE, Energy Rangers, The Strolling Useless, Formulation E and Snoop Dogg.

Yat and I talk about the significance of digital property rights, rising NFT communities and what makes a venture stand out from others.

We additionally dive into:

• Evolution of NFT’s IP
• Constructing model familiarity
• Asia embracing web3 and NFTs
• The worldwide race for adoption

Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the most recent episodes, and please go away us a evaluate should you like what you hear!

Comply with the cash

1. Buying and selling-focused Architect raised $12 million spherical led by BlockTower and Tioga Capital
2. Fordefi raised $10 million to launch wallet-as-a-service in spherical led by Electrical Capital
3. Anzen raised $4 million to offer entry to yields backed by real-world property
4. Mercure DAO raised $1.5 million for its web3 incubator
5. Analog raised $16 million in seed spherical to construct cross-chain infrastructure

This listing was compiled with info from Messari in addition to starcrypto’s personal reporting.

What else we’re writing

Need to department out from the world of web3? Listed below are some articles on starcrypto that caught our consideration this week.

1. Bluesky and Mastodon customers are having a battle that might form the subsequent technology of social media
2. Foundry Group is shutting down and gained’t increase one other fund
3. ChatGPT will now bear in mind — and neglect — belongings you inform it to
4. Hackers uncover new TheTruthSpy stalkerware victims: Is your Android machine compromised?
5. In the event you’re going to market, your GTM slide must be superior