Tech billionaire Marc Andreessen is tipped to follow PayPal co-founder Peter Thiel in leaving Meta’s board of directors after investing billions in rival web3 projects.

Business Insider relayed sentiment of sources close to the company who say Andreessen’s tenure could be under threat due to the work of his venture capital firm, Andreessen Horowitz (a16z).

Andreessen is currently the longest-serving Meta (formerly Facebook) board member, having been appointed in 2008.

Over the past year, a16z has plowed a fortune into virtually every kind of web3 project, including Bored Apes’ Yuga Labs, Sam Altman’s dystopian Worldcoin, and “climate neutral” blockchain project NEAR Protocol.

A16z finished raising $2.2 billion for its third crypto fund last July and plans to amass $4.5 billion for its next vehicle expected to debut in the next few months.

Spartan Group. The launch of its STARLY token will take place on December 20 followed by listing on tier1 exchange on December 21.

  • Blockchain analytics company TRM Labs has announced it has raised USD 60m in Series B funding led by Tiger Global. The company developed what they call the first blockchain intelligence platform that combines cross-chain data with threat intelligence, advanced analytics, and intuitive visualizations to help organizations detect crypto fraud and financial crime.
  • Sports betting site DraftKings has partnered with the NFL Players Association (NFLPA) and OneTeam Partners, the group licensing partner of the NFLPA, aiming to launch gamified NFT collections that will debut on DraftKings Marketplace during the 2022-2023 NFL season.
  • Nexo & Fidelity Digital Assets Partnership, Gibraltar’s Blockchain Integration + More News

    Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________

    Adoption news

    • Crypto lender Nexo will partner with crypto-focused arm of US-based mutual fund giant Fidelity Investments, Fidelity Digital Assets, to offer custodial and lending services to institutional investors, including the launch of institutional-focused products, said the press release.

    Allowing developers to focus on perfecting their user experience, without tackling the complexities of lower-level blockchain integrations, is key to enticing more web2 talent to start building web3 applications.

    It would be hard to dream up a more perfect team for this endeavour. The founding team has extensive experience in web3, programming languages, distributed systems, and cryptography.
    CEO Evan Cheng led Novi Research, Meta’s crypto R&D division, where he worked with Mysten’s other co-founders (Sam Blackshear, Adeniyi Abiodun, and George Danezis) to develop the Diem blockchain and Move programming language, as well as enable breakthroughs in blockchain scalability, usability, and security. Their experience also spans industry-leading companies such as Apple, Microsoft, VMware, Oracle, J.P.

    In addition, programmability is one of the core benefits of blockchains, but smart contract languages may have unintended loopholes that hinder the interoperability and security of services and users’ assets such as NFTs. Fully unlocking the potential of web3 will require solving for scalability and programmability, which is why we’re excited to invest inMysten Labs.

    Mysten is building foundational infrastructure for web3 to tackle these challenges and accelerate development and adoption of decentralized services.

    There’s significant demand for more efficient and safe smart contract developer tooling, and Mysten has the technology and expertise to make major improvements across multiple chains.

    The NFTs will be minted on Ethereum, and bids can only be placed in ETH, with the starting bid listed at ETH 1.25 (USD 4,000).

  • Wikipedia founder Jimmy “Jimbo” Wales is offering his first-ever site edit as an NFT as part of an auction titled ‘The Birth of Wikipedia’, which also includes the desktop computer that Wales used to create the website: an iMac G3. The auction is being carried out via major auction house Christie’s and will run from December 3 to December 15.
  • Investment news

    • Mysten Labs, a crypto and blockchain infrastructure technology start-up founded by four former Facebook engineers, has raised USD 36m in a funding round led by Andreessen Horowitz, per CNBC.

    In conjunction with the listing, Nasdaq launched a new segment for ETNs, securities listed on a regulated exchange tracking an underlying asset with liquidity supported by a market maker.

  • Bitstamp has announced it has appointed Cecile Fouques Duparc, a former Director of Communications at Netflix, as the company’s Global Head of PR and Social Media. Cecile will be responsible for driving Bitstamp’s external communication and social strategy.
  • Delta Exchange has announced the launch of its trade farming program offering USD 50m worth of rewards to traders.
    The program will begin on December 6 and run through 2022.
  • In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.

    This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters.
    References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z.

    We need to mention that Web3, a broad concept that describes the next iteration of the blockchain-powered internet, attracted the most interest.

    BitiCodes and users

    Unfortunately, there is no lack of unverified information on the internet. One of the most important questions: “Is legit?” Yet, it is!

    First of all, BitiCodes is a complete crypto auto-trading software.

    Its purpose is to help both beginner and expert traders make accurate and profitable trades. What’s important, BitiCodes offers quick and easy access to some of the most popular cryptocurrencies.

    Users who deposit and participate in trading activity in any contracts listed on Delta Exchange will be eligible for rewards.

    NFT news

    • A virtual anime version of Sophia, the world-famous humanoid artificial intelligence (AI) robot, is set to be tokenized and auctioned off as part of an up-and-coming Metaverse project dubbed ‘Noah’s Ark’. This auction is part of a partnership between Alethea AI, the creator of Sophia, and non-fungible token (NFT) marketplace BinanceNFT.
    • The Voices of Classic Rock (VOCR) archive has announced a new series of non-fungible tokens featuring The Beatles, with each NFT corresponding to one of the respective Liverpudlians and featuring a rare interview in WAV format alongside a unique portrait.

    It is envisioned that the implementation, which will initially be rolled out on a pilot basis, will improve the delivery of public services to individuals and organisations residing or operating in Gibraltar.

  • Mobile top-up service Ding has shown that 14% of users hold bitcoin (BTC) or other cryptocurrencies, with adoption going up to 25% in developing countries. The report, which examines the views of 6,250 respondents across the KSA, UAE, Nigeria, Indonesia, Germany, India, Mexico, Brazil, and the Philippines, also shows that many consumers are putting digital assets ahead of other, more traditional financial products, such as personal loans.
  • Polygon (MATIC) and Wanchain (WAN) have announced a strategic partnership that will drive further adoption of Layer 2 cross-chain bridges.
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