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Sfermion's Collider #45

Curated news from the world of crypto, gaming & entertainment, AR/VR, AI, macro, and more

Sfermion is an investment firm focused on backing the founders building the metaverse.


Welcome to the 45th edition of Sfermion’s Collider where we highlight the latest & greatest news in the world of crypto, gaming & entertainment, AR/VR, AI, macro, and more!

Weekly, we aim to drop a curated list of the most exciting stories & updates that we believe are enabling the emergence of the metaverse.

If you're looking forward to reading this edition of Sfermion’s Collider, please don't forget to subscribe below, share within your network, and follow Sfermion on Twitter to get the latest! Check out our Seam () bio here :)

Crypto Updates

Robinhood Doubles Down on Crypto With $200M Deal for Bitstamp (link)

Kraken preparing for $100M funding round ahead of possible IPO: Report (link)

Coinbase | A New Era in Crypto Wallets: Smart Wallet is Here (link)

Telegram Launches TON-Linked 'Stars' Currency After Toncoin Hits All-Time High Price (link)

Japanese crypto exchange DMM raises $320M to recover funds after major hack (link)

Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans (link)

Gemini to distribute $2.18B in crypto back to Earn users (link)

Wisconsin Pension Fund Embraces Bitcoin ETFs (link)

Coinbase Boosts Fairshake Super PAC with an Additional $25M Donation (link)

Ripple backs crypto super PAC with a second donation of $25M (link)

A16z backs crypto super PACs with $25M donation (link)

Ethereum Name Service (ENS) proposes migration to Layer 2 (link)

Introducing Gravity (): A Layer 1 Blockchain Designed for Mass Adoption and an Omnichain Future (link)

Caitlyn Jenner Meme Coin Sows Confusion as Observers Question Its Provenance (link)

Watford FC to sell 10% of club as digital equity, including tokens, to investors and fans (link)

Solana validators approve 100% allocation of priority fees, ending 50/50 burn split (link)

EU Declares MEV Illegal Under New Crypto Market Regulations (link)

FTX’s Ryan Salame, One of Sam Bankman-Fried’s Associates, Is Sentenced to 7½ Years (link)

Franklin Templeton considers new altcoin-focused crypto fund (link)

Cathie Wood’s Ark Investment Abandons Spot-Ether ETF Ambition (link)

CME Looks to Take On Binance and Coinbase, Could Launch Spot Bitcoin Trading: Report (link)

NYSE Would Consider Crypto Trading If Regulatory Picture Were Clearer, President Says at Consensus 2024 (link)

Binance Launchpool Introduces IONET $IO (link)

Binance Resumes Mastercard Payments for Crypto (link)

StarkWare plans to bring ZK scaling to Bitcoin alongside Ethereum (link)

Arweave acquires crypto social media app Odysee: ‘We haven’t won until it replaces Twitter’ (link)

MoonPay launches Web3 platform for brands, digital experience (link)

MoonPay lays off 10% of staff despite having 'years of runway' (link)

Gaming Updates

Today () Introduces AI-Powered Character Engine Dreamia (link)

Pudgy Penguins and Mythical Games () Partner to Create AAA Mobile Video Game (link)

The Mystery Society () Joins Immutable () Ecosystem (link)

Mon Protocol () successfully launches $MON on May 27th (link)

Arbitrum to Unlock $250M in $ARB for Ethereum Gaming Projects (link)

Netflix announces Minecraft animated series (link)

YouTube Playables are out now with over 75 games available (link)

Discord’s turning the focus back to games (link)

'The Sandbox' Launches DAO to Let Players Shape Its Future (link)

‘Final Fantasy’ Maker Square Enix Moves to Arbitrum for Ethereum Game NFTs (link)

How Immutable Nexus is Enhancing Gaming with Dedicated zkEVM Chains (link)

Big Games Machine: How People Discover New Games in 2024 (link)

Hyper casual games lead ad media buys at 34% share, with US at the forefront of ad spend (link)

AI Updates

China Creates $47.5B Chip Fund to Back Nation’s Firms (link)

Cisco advances intelligent networking and security as it announces $1B AI investment fund (link)

Nvidia Flips Apple As Stock Hits $3T Market Cap Amid AI Boom (link)

Microsoft’s $650M deal with Inflection AI is facing FTC probe: report (link)

OpenAI launches official ChatGPT support for universities and nonprofits (link)

Vox Media and The Atlantic sign content deals with OpenAI (link)

OpenAI Offers a Peek Inside the Guts of ChatGPT (link)

Microsoft Copilot Is Now on Telegram: Here’s How to Use It (link

Meta’s WhatsApp Is Adding a New AI Assistant for Businesses (link)

OpenAI Says It Has Begun Training a New Flagship A.I. Model (link)

Humane is reportedly trying to sell itself to HP for $1B (link)

Other Updates

Trump Raises $400M in Campaign Donations Since Guilty Verdict (link)

Exclusive: Google, augmented reality startup Magic Leap strike partnership deal (link)

MrBeast Becomes Most Subscribed YouTuber with 266M Subscribers, Surpassing T-Series (link)

Bill Ackman’s Pershing Square Sells 10% Stake for $1.05 Billion (link)

Blackstone agrees to buy Japanese manga firm for $1.7B (link)

T-Mobile to Acquire UScellular Wireless Operations and Deliver Exceptional Value, a Superior 5G Experience and Unparalleled Benefits to Millions of Customers (link)

ConocoPhillips to Acquire Marathon Oil in $17.1B All-Stock Deal (link)

GameStop shares jump more than 20% after $933M stock sale (link)

Salesforce's stock suffers its biggest drop in two decades (link)

China fines Evergrande's Hengda $577M for fraudulent bond issuance (link)

Warner Bros. Discovery hikes prices for Max streaming service (link)

Amazon, Walmart, and Big Retail’s race to cut prices (link)

Research & Interesting Reads

Delphi Digital | UGC Gaming & Web3 (link)

Bitkraft | Exploring the Future of Gaming: The Rise of Fully Onchain Games (link)

Khosla Ventures | Plausible tomorrows (link)

Haun Ventures | A Marketing Mantra for Founders (link)

a16z games | Why everything looks like a game (link)

Portal Ventures | Chapter Two of Bitcoin (link)

Binance | The Future of Bitcoin #3: Scaling Bitcoin (link)

How Stumble Guys beat Fall Guys at its own game (link)

Konvoy | Virtual Pets (link)

NFT Updates

Feds Charge UK Nationals With $3M ‘Evolved Apes’ Ethereum NFT Scam (link)

Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO (link)

Galaxy Digital uses historic violin NFT to secure loan (link)

F1 Team McLaren Reveals Free Ethereum NFTs With OKX (link)

Super Punk World begins trading on Magic Eden (link)

Notable Raises

Stashh Labs () Raises Over $3.3M for NFT Platform Upgrade (link)

Elon Musk's xAI secures $6B in funding (link)

Nvidia and Salesforce double down on AI startup Cohere in $450M round (link)

US-Listed BitDeer Secures $150M Investment from Tether, Stock Rises 7% (link)

Paradigm Leads $70M Funding Round for Babylon Bitcoin Project (link)

Peter Thiel's Founders Fund co-leads $43M Series A for modular blockchain Avail (link)

Bain Capital Crypto leads $35M Series A for M^0, a network for minting digital dollars (link)

The Sandbox raises $20M at $1B Valuation (link)

Tether invests $18.75M in XREX to facilitate cross-border payments in emerging markets (link)

Fhenix Raises $15M and Launches Testnet of Confidentiality-Focused L2 (link)

Coinbase and Haun Ventures invest $11M in Neynar, a toolbox for Web3 social networks (link)

Web3 Cybersecurity Company GoPlus Raises $10M to Build Permissionless Security Layer (link)

Riema Labs (Nubit) raised $8M in a Seed funding round (link)

Mountain Protocol raises $8M to bring USDM stablecoin to Solana, real-world businesses (link

Glacier Network Raised $8M in Angel and Seed Rounds at 100M Valuation (link)

‘Xociety’ Developer Raises $7.5M to Launch Sui Shooter Game (link)

Switchboard raises $7.5M to help provide blockchain projects links to real-world data (link)

ARPA Network Secures $6M Investment to Advance On-Chain Gaming and Cryptographic AI (link)

OpenSocial Protocol Raises $5M to Boost SocialFi Super Apps (link)

DWF Labs Invests $5M in Milady, Pioneering Meme Capital Movement in Web3 (link)

Mint Blockchain raises $5m in Seed funding (link)

NodeOps Raises $5M in Seed Round to Transform Node Infrastructure (link)

TRALA Successfully Raised $5M From Fundraising Rounds (link)

Gamefam Launches $5M Fund for UGC Creators (link)

Supervillain Labs $4.5M Funding - Web3 Gaming with Aptos and Intella X (link)

Play AI Raises $4.3M at $70M Valuation (link)

Anzen Finance Raises $4M Seed Round from Mechanism Capital, Circle Ventures, Frax, Arca and More to Bring the Benefits of Real-World Assets (RWA) into DeFi (link)

Cookie3 secures $3.3M in a Strategic funding round led by Animoca Brands (link)

El Dorado Raises $3M to Build Crypto Payments Superapp for Latin America (link)

Juicy Button Games launches with $3M in funding, led by The Games Fund (link)

Mo & Andrew's Curated







 = Sfermion Portfolio Company

Curated by @mopat1214 + @AndrewSteinwold

If you enjoyed reading this edition of Sfermion’s Collider, please subscribe below, share within your network, and follow Sfermion on Twitter to get the latest! Check out our Seam () bio here :)

Note: All information in this Newsletter regarding any company or investment is the sole responsibility of the company providing the information. Sfermion, and its affiliates, makes no representation or guarantee to the accuracy or completeness of the information presented. Sfermion is not responsible for any information contained in any links outside our websites and official social accounts.

Sfermion does not offer investment advice/analysis and makes no recommendations on how to act. Information regarding any company or investment in this Newsletter, including any links to information on our website, should not be viewed as an endorsement or recommendation of that company or investment for any purpose whatsoever. Any person receiving this Newsletter is encouraged to consult with their own financial advisor, or relevant personnel, before making any investment decision.

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