Crypto Gaming Is Taking a Hit

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immutable games let six % of its staff go. They got a two point billion dollar valuation after raising 200 million in their funding round in march. It sounds like it's not just pure lay off, but it's more of a pivot ind strategy. I think most people think that the trojan horse of crypto main stream adoption will be gaming. And you can already bet on the fake stock market and grandtheft auto wat do it apat too.

Welcome back, this week Lucas and Anita dive into a conversation around Coinbase’s legal woes and the insider trading scandal surrounding an employee at the firm. We also discussed Elon Musk’s bitcoin sale and Minecraft’s ban of NFTs from its platform.

In their interview this week, Anita and Lucas interviewed David Nage. Nage is a portfolio manager at Arca where he makes early-stage bets on crypto startups. We talked about finding hot opportunities in seed stage crypto and then broke into a wide-ranging conversation on crypto regulation and what comes next.

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Helpful links:
https://techcrunch.com/2022/07/25/crypto-valuations-may-sink-until-september-as-vcs-play-a-waiting-game/

https://techcrunch.com/2022/07/20/tesla-dumped-75-of-its-bitcoin-holdings/

https://techcrunch.com/2022/07/20/minecraft-says-no-f-ing-thanks-to-nfts/

https://techcrunch.com/2022/07/26/if-it-walks-like-a-dog-and-barks-like-a-dog-perhaps-its-actually-a-non-security-crypto-digital-asset/

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