TikTok Subsidiary Partners With Mysten Labs, E-PAL Enters The Web3 Space, Pantera Capital Makes It’s Largest Investment Ever

GM. This is the Wise Dog, the best source for web3 gaming news. We curate all the latest Crypto gaming news, so even NPCs can stay informed.

Never financial advice.

MARKET REVIEW

_{* Cryptocurrency data as of 6:00 AM ET 14th May}

CRYPTO GAMING HEADLINES

BytePlus, a subsidiary of ByteDance, TikTok's parent company, has announced a partnership with Mysten Labs on April 17th.  This collaboration showcases BytePlus's intention to leverage its expertise in data warehousing to enhance the Sui ecosystem.

AI gaming platform Anomaly has launched an AI-powered gaming testnet on Arbitrum. The move promises to provide zero-gas gaming experiences for users. 

($BUBBLE) Imaginary Ones has secured additional investment in their oversubscribed funding round. Led by Cypher Capital, the latest round saw participation from Animoca Brands, Polygon Ventures, among others.

Delab Games has entered into a strategic partnership with Arbitrum. The collaboration aims to reduce transaction costs and provide accelerated transfer speeds for gamers.

($ENJ) Enjin announces the relaunch of their Spark Program with revamped features. Founders will now be able to claim up to 10,000 ENJ to facilitate free transactions for themselves and their community.

Top gaming social network, E-PAL, has announced its entry into Web3 Gaming. They aim to introduce an all-inclusive gaming ecosystem platform as well as a gaming chain.

OTHER CRYPTO HEADLINES

($TON) Pantera Capital announced its largest investment in history into TON, a Layer 1 Network originally designed by Telegram. Although undisclosed, it's estimated to exceed the $250 million the firm spent acquiring SOL from the bankrupt FTX exchange's estate.

($AVAX) Avalanche announces a $1 million investment in $AVAX to NFT lending platform Salvor. Salvor will enable users to use their NFTs and meme coins as collateral when securing loans directly in AVAX.

MagicEden has surpassed Blur as the top NFT marketplace. Dapps reporting from April shows MagicEden with a trading volume of $486 million, $108 million more than Blur.

Bybit is set to launch Notcoin trading and withdrawals this week. They mentioned that deposits and withdrawals would be accessible through TON, with trading facilitated via its automated trading tool upon listing.

($MATIC) Polygon's zk-based Miden Alpha Testnet is now live. Miden will enable users to generate proofs for their own state transitions without revealing the state to the wider network, ensuring private transactions.

PROJECT SPOTLIGHT

SKALE $SKL

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_{Important Disclaimer: This content is for informational purposes only and should not be considered financial advice. Accuracy not guaranteed. Always do your own research before making any trades.}