The Dad Dive – April 7, 2022

After DeFi, it seems like it’s now time for GameFi to take centerstage. In the last year, over $3.6 billion has been poured into crypto gaming startups in the hope that games will recreate the magic of DeFi. Polygon is one of the major players in this space.

This Coindesk article says, “For instance, Polygon Studios – the NFT and gaming arm of the Polygon blockchain protocol – recently made headlines for hiring Ryan Wyatt, the head of YouTube’s gaming vertical. The project has also poached top executives from Mythical Games, Riot Games and Amazon’s (AMZN) cloud gaming unit.”

Polygon is not just betting on its games. It’s funding other GmeFi startups too.” Bengaluru-based online gaming startup OWN has received $2 Mn in seed funding round from Better Capital, Polygon Studios, Cloud Capital and Indigg,” according to this Inc42 article.

The Dad Curve

EL Salvador is turning to deep-pocketed crypto whales after its Bitcoin-backed bond was rejected by big international investors. This Financial Times piece says, “Paolo Ardoino, chief technology officer at Bitfinex — which is set to provide the tech platform for the deal — said the crypto exchange has received “half a billion dollars” of interest from its users. Important details of the bond would need to be ironed out, requiring the passing of new securities laws in El Salvador, before potential buyers firmed up their interest, he added.”

Analyst Corner

Wins abounded at Crypto Dads. This is AR Alerts

This is Astro

Testimonials

And, of course, there’s nothing better than a winning testimonial. Here’s Insano thanking Kenny

Your Friendly Reminder

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