A weekly industry status report for the emerging news and trending topics surrounding the business side of web3.

The Week a Glance

Another week of ups and downs in the web3 ecosystem.

Bullish Updates

Platforms like OpenSea and Coinbase continue to prepare for the upcoming Ethereum merge; Ticketmaster and Dapper Labs collaborate to integrate NFT ticketing on the Flow Blockchain; an NFT album tops UK music charts for the first time; and a16z releases NFT copyright license templates to help address IP issues in the industry.

Bearish Downsides

Snap decides to close their web3 division; Crypto.com pulls out of sponsorship deal; Bill Murray’s NFT Charity proceeds get hacked; and the head of JPMorgan’s digital assets unit is not impressed with “most of crypto”.

The Rollup

A curated list of the top news, opinions, and insights impacting web3 in just the last few days.

Business & The Blockchain

• FIFA Comes up With FIFA+ NFT Collections

• Can Crypto Save the Cannabis Industry?

• Mayo Clinic to use blockchain for clinical trial

• NFT marketplace Sudoswap unveils governance token and retroactive airdrop

• Ripple, btrax to Drive Web3 Development in Japan with Strategic Partnership

• OpenSea announces support for the layer-2 Polygon blockchain on Seaport

• World's Top NFT Marketplace Has Allegedly Lost 99 Percent of Its Trading Volume Since May

• Helium devs propose ditching own blockchain for Solana

• Nissan deploys its first NFT and first college star endorser in big football campaign

• BAYC’s Otherdeed NFT Surpasses NBA Top Shot Sales Volume, Hitting $1B Within Four Months of Launch

Financial/Investment News

• XRP price trap careless bulls before crashing to $0.28 as Ripple's legal trouble continues

• Think tank launches ‘technical sandbox’ exploring United States CBDCs

• BNB takes NFT top spot but investors shouldn’t be elated- Here’s why

• CFPB Report Offers Cautionary Take on FinTech Platforms' Consumer Value

• Top market makers back new blockchain for trading founded by Goldman Sachs and Robinhood alums

• Venture capital appears to slow its web3 funding rush

• Banks’ SMB Payments Problems Mean Big Opportunity for Blockchain Tech

Gaming/Metaverse News

• Gaming makes up over half of blockchain industry usage

• Axie Infinity’s August NFT performance ushers in this fatality

• Japan's video game heavyweights tiptoe into blockchain

• Why Brazil’s Top Esports Team Loud Sees ‘Massive Opportunity’ in Web3

• Ukrainian blockchain development company launches the world’s first cross-chain gaming NFT marketplace

• An interview inside the metaverse with Big Time on how web3 can add value to hardcore gamers

Governmental/Legal/Regulatory Compliance News

• South Korea’s Busan Collaborated with FTX to Create Crypto Exchange and Promote Blockchain Businesses

• Solving the complexities of computation in crypto taxation

• Cease and Desist to Companies Making Crypto-Related Representations Following Warnings by Government

• BMM Testlabs Grants the First Compliance Certification in the Blockchain Industry to Chainlink VRF

• Thai SEC Fines Bitkub Blockchain Tech 8.5m Baht For Insider Trading

• Get ready for the feds to start indicting NFT wash traders

Rugs/Scams/Security Concerns

• Analyst says 40% of users in most Web3 games are bots — Here’s how to avoid being fooled

• Web3 Need Safe CEX

• Blockchain Emerges as Transparent Crime-Fighting Tool in Emerging Markets

• Hackers Offer to Sell Belarus President Lukashenko’s Passport as NFT

• Report: Here’s How Hackers Utilized Loopholes To Move $12 Billion Worth of NFT

• Six Ways to Spot an NFT Scam

• Crypto Twitter shares security concerns regarding Meta’s recent NFT integration news

Entertainment/Art/Fashion

• The Art Market Pushes on with Rocky Crypto Romance

• How NFTs Drive Music Industry’s Evolution

• NFT micro-philanthropy gives a new voice to the opera

• This Week in the Metaverse: Eminem and Snoop rap as NFTs

• Will the Hottest Ticket at September Fashion Weeks Be an NFT?

• The Withers Collection Museum and Gallery Introduces the First Black NFT Initiative

General Interest/Educational Content

• After The Merge, nearly all NFTs will be environmentally friendly

• Branding the Future: Advertising Law, the Metaverse, and NFTs - Part 1

• The ethical cost of NFTs in Art: A focus on the fashion Industry

• The role of fractional marketing in the blockchain space

• Importance of Blockchain in Web 3.0 Marketing

• How to incorporate web3 gaming into your Web 2.0 strategy

• A sceptic's guide to crypto: NFT mania

• What is CC0, and why will it change the NFT market?

• Web3 Workers Outside The U.S. Prefer Payment In Crypto, Study Shows

• Crypto winter? DeFi, Metaverse and NFT job market still hot

Market State

Check the current state of the crypto markets at** CoinMarketCap**

Blockchain BIOs

Below is the live view of any ongoing Blockchain BIO project plans. Updated in real-time as the project teams work.

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The articles and opinions in this report are those of the original authors and are not legal, financial, or general advice otherwise. For legal and financial guidance, please consult a qualified attorney or financial advisor.