🗿 Ronaldo Sued Over Binance

GM. Cristiano Ronaldo is the celebrity de jour losing money from crypto. Amazon makes new strides in the AI wars. JPMorgan changes its mind for the 99th time on DeFi. Turns out, they don’t not like it.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Today’s No FOMO is brought to you by… LVCIDIA

Today’s Specials:

Weekend Alpha: What to Watch 👀 : JPMorgan Sees Signs of DeFi, NFT Revival 🐂

NFT Power Rankings 🔥 : Sproto Gremlins Stay #1 under 1Eth

No FOMO 🗿 : 

No FOMO News 📰 : Ronaldo is sued over Binance ⚽

AI Intel 🤖 : Google Deepmind AI is Inventing Raw Materials 🪨

Max’s Gaming Corner 🎮 : Web3 Gaming Funding Stays Hot 🔥 

Conference Corner 📅 : Art Basel Miami Is Here 🌴

Weekend Alpha – What to Watch:

Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood, ARK Invest sells more than $5 million Coinbase shares amid rising stock prices, JPMorgan: There Are Tentative Signs of Revival in DeFi and NFT Markets.

🔥 NFT Power Rankings 🔥

Under 1Eth

Polygon Paid Draft Kings, That’s a Problem

Polygon paid Draft Kings millions of MATIC tokens to launch on its network.

The pay-to-play move was undisclosed by Polygon, but the transaction was found on that public database thingy called the blockchain by a CoinDesk reporter. It gets cringier.

From CoinDesk, when the tie-up was announced in early 2022, Polygon called it an "important adoption milestone" and “the first time a major publicly traded firm has taken an active role in blockchain governance."

yiiiikkesss

To make matters even worse, DraftKings was booted from the network last month after failing to maintain its validator’s performance. This is despite the fact that Polygon offered financial and technical support and preferred commission from delegators.

There is nothing wrong with paying your way to adoption. We get it, emerging tech is confusing, complicated, and messy. Sometimes you gotta force your way in to convince big corporates terrified of new tools and legal battles to throw a potentially unregistered security into their multi-billion dollar portfolio.

But there is a difference between paying for a partnership to manufacture use cases and hailing it as a “mass adoption” play.

No FOMO News 📰

• Cristiano Ronaldo sued for promoting Binance, unregistered securities (CT)

• FTX Approved to Start Selling $744 Million in Grayscale Assets (Bloomberg)

• Galaxy’s Novogratz predicts Bitcoin reaching $70k with ETF approval (Crypto News)

• Jack Dorsey leads $6.2 million seed round for decentralized Bitcoin mining pool OCEAN (The Block)

• Australia’s confusing new crypto tax guidance is ‘toilet paper,’ says law firm (Cointelegraph)

Max’s Gaming Corner 🎮

Our web3 gaming funding update, brought to you by Max Kaufman

💰 Blur, an NFT Marketplace for Pro Traders, Announces $40M Raise

💰 Privy, a Toolkit for Progressive Authentication in Web3, Raised $18M in Series A Funding Led by Paradigm

💰 Matr1x, a Singaporean Studio building an FPS Mobile Game, Announces $10M Funding Round Led by Folius Ventures & SevenX Ventures

💰 Klever, a Peer-to-Peer Network, Raised $10M Led by GEM Digital Limited

💰 Expanso, a Decentralized Open Compute Platform, Raised $7.5M in Seed Funding Led by General Catalyst & Hetz Ventures

💰 Bazooka Tango, the Gaming Studio Developing Shardbound, Announces $5M Funding Round Led by BITKRAFT Ventures

💰 Saga, a Game-Focused Layer-1 Protocol and Developer Ecosystem Raises $5M in Seed Funding Led by Placeholder

💰 Open Campus, a Web3 Education Platform, Raised $3.2M Funding Led by Binance Labs

💰 Artifact Lab, a Web3 Platform for Cross-Game Player Profiles, Announces $2M Raise in a Pre-Seed Funding Round Led by RW3 Ventures & IOSG Ventures

💰 Poglin, a Web3 IP Platform, Announced a Strategic Funding Round Led by Animoca Brands

💰 Farcana, a Web3 PC Arena Shooter Game, Announced a Strategic Funding Round Led by Animoca Brands

+ more

AI Intel 🤖

• Google DeepMind AI reveals potential for thousands of new materials (Reuters)

• AI wars: Amazon is coming for Microsoft and Google (Yahoo! Finance)

  • Amazon announces Q, an AI chatbot for businesses (CNBC)

• Ridley Scott warns AI will be ‘technical hydrogen bomb’ in film industry (Fox)

• China’s AI Chipmaker Biren Wins $280 Million In Funding Pledge After US Sanction (Bloomberg)

• Brazilian city enacts an ordinance that was secretly written by ChatGPT (AP)

• US compels Saudi fund to exit Altman-backed AI chip startup (Reuters)

Conference Corner 📅

Art Basel Miami is next week, and as always we have the event intel for our readers

Mining for Memes ⛏️

Thanks for the insight, Bob.

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