JUST IN : Taiwan's 🇹🇼 Ministry of the Interior has given the green light for the formation of a cryptocurrency industry association.

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Web3 infrastructure firm Xion secures $25 million in funding — link | tl;dr

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The Block

Web3 infrastructure firm Xion secures $25 million in funding

Animoca Brands, Laser Digital, Multicoin, Arrington Capital, Draper Dragon and others participated in the round.

🪙 Ethereum enters the weekend on top of NFT market with over US$11 million in daily salesEthereum NFT sales rose 5.21% to US$11 million on Friday to lead the market while Bitcoin, Thursday’s top network, had a 16% slump. Bitcoin ranked second on Friday with US$10.21 million in total sales. Despite the drop in sales, Bitcoin is expected to surpass US$3 billion in total sales this week. The network is less than US$700,000 away from the milestone. Solana, ranked third, experienced a 21.58% sales drop to US$5.30 billion.

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🟠 Binance Pours Cold Water on NFT Game That Pulled In $115 Million for Its MintSkyArk Chronicles, an anime-style fantasy game, just held a huge NFT mint with eager collectors pledging $115 million worth of Ethereum for a chance to claim one of its character assets. But now Binance Labs says that its investment in the studio behind the game was misrepresented in the run-up to the mint. Earlier this month, SkyArk Studio announced that Binance Labs—the crypto exchange’s venture capital arm—had led its $15 million funding round, which preceded the sizable NFT mint.

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Epic Games is listing Call of Duty-style crypto video game 'Shrapnel' — link | tl;dr

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The Block

Epic Games is listing Call of Duty-style crypto video game 'Shrapnel'

Would-be AAA first-person-shooter "Shrapnel" aspires to become first blockchain-powered game to break into the mainstream.

🔵 OpenSea Is Down 96% In Sales From ATH

The non-fungible token market downturn experienced in the past two years continues to impact more NFT projects. OpenSea, one of the leading NFT market platforms, is the latest NFT project hinting about selling the project to potential buyers over the poor performance concerns. In an exclusive interview with DL News on Friday, Devin Finzer, the Chief Executive Officer of OpenSea NFT marketplace, revealed that OpenSea has received acquisition intentions and remains open to potential acquisitions.

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Apple's 'Vision Pro' set to get first crypto-focused metaverse app from Victoria VR — link | tl;dr

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Coindesk

Apple's 'Vision Pro' Set to Get First Crypto-Focused Metaverse App From Victoria VR

The app will be released in the second quarter, and the VR token price has surged 60% in the last 24 hours.

Alts market share of volume relative to BTC is back down to 34% after peaking at 53% in Dec — link

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Crypto trading platform Avantis opens perpetual swaps DEX on Base Network — link | tl;dr

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Coindesk

Crypto Trading Platform Avantis Opens Perpetual Swaps DEX on Base Network

Avantis said it saw over $5 billion in trading volume from 50,000 wallets during its two-month testnet run.

🔵  NFT Giant OpenSea Keeps Options Open for Potential AcquisitionThe collapse of the non-fungible token (NFT) market last year dealt a blow to OpenSea, raising questions about its once staggering $13.3 billion valuation. Now, the popular NFT marketplace is at the center of acquisition discussions, with CEO and co-founder Devin Finzer expressing an open-minded approach to potential deals, including the possibility of being acquired itself.

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