Markets & Business
Magic Eden launches Magic Ventures fund for Web3 games (4 minute read)
Magic Ventures is a new venture capital fund from Magic Eden that will focus on investments in web3 games. The company is also expanding its internal gaming division, Eden Games. Magic Eden will help developers with its launchpad for NFT minting, wallet solutions, game marketplace solutions, and future cross-chain solutions. The company is not disclosing how big the fund is and it is not aiming for a high rate of return.
Innovation & Launches
Arbitrum’s New Chain Arbitrum Nova Is Open to Developers (1 minute read)
Arbitrum has launched a new chain built on AnyTrust technology called Arbitrum Nova. Nova is intended for social applications and gaming while Arbitrum One will continue to be visible for NFT and DeFi projects. AnyTrust is a technology aimed at lowering fees, speeding up transactions, and alleviating security concerns. Developers can now apply for access to the Nova platform. The chain will be open to the broader user base in two weeks.
Solana dApps Now Supported by Brave Browser (2 minute read)
Brave browser has added support for Solana-based decentralized apps in its newest version for the desktop. Support for the mobile version will be enabled in the near future. Brave's over 50 million active users will benefit from much lower fees because of the Solana integration.
Guides & Resources
The Sui Blockchain (4 minute read)
Sue is an extremely high-performing blockchain that is an extension of years of research at Meta. The key to its performance is transaction parallelization. Sui is targeted at gaming, DeFi, commerce, and social applications. This Twitter thread gives an overview of Sui's technology, tokenomics, and team.
Sufficient Decentralization for Social Networks (5 minute read)
Centralized social networks restrict what users and developers can do. Decentralized social networks can guarantee that users own a direct relationship with their audience and that developers can always build apps on the network. Cryptography and blockchain provide workable solutions to achieve sufficient decentralization. Companies can still make money by offering services, but they will not be able to be monopolistic and ignore users.
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