Latest Portfolio Updates
Stay in the loop on all things Morningstar Ventures
For this month's newsletter, we are compiling all the latest initiatives happening within and around Morningstar Ventures. Find out what we've been up to this past month in our recent initiatives and portfolio company updates below:
💰New Investment - FARE Protocol: We are proud to back this promising project, which has recently closed a $6.2M investment round ahead of its native token release. Read the full announcement: ➡️ here
🖼 NFT Report - May Edition [NEW!]: We have recently kicked off a new initiative, a monthly publication gathering the most critical updates from the NFT space. Explore our first edition: ➡️ here
📖 Founder Stories - Chlagou Sami, Cross The Ages: Last week, we covered the story behind the CEO of this exciting Web3 fantasy card game we are/have invested in. Read the full interview ➡️ here
📢 Portfolio Update - zkLink: Our portfolio company just completed its strategic fundraising round, where they raised an additional $10M and attracted many new high-profile investors, including Coinbase Ventures. Read the full announcement: ➡️ here
Twitter Spaces - Roundtable:
"Crypto Infrastructure - Building The Future Of The Internet"
Don't miss our session on crypto infrastructure!
This week, we are gathering for a new exciting Roundtable focused on the evolution of infrastructure projects and their ramifications in the crypto market.
For this Twitter Spaces, we have invited Biconomy Co-founder Aniket Jidal, Mystiko Network CMO BlockMia, and SupraOracles Co-founder Joshua Tobkin, who will discuss the topic on, Wednesday, May 17th, at 16:00 CET.
Set your reminder ➡️ here
37xDubai CEO On WIRED
Learn what 37x CEO, Clemence Cazeau thinks about Art and Tech
Last week Clemence Cazeau, CEO of our new gallery 37xDubai, released an insightful piece about tech and art called "Pixels Over Paint".
Published on the famous media website WIRED, the article presents some interesting thoughts from Clemence on "How technology has always fast-tracked the evolution of Art", digging into the latest innovations and trends, such as NFT and AI and their impact on the way to interpret art nowadays.
If you missed this inspiring article, check out the article ➡️ here
Related Articles
NFT Report: October Edition
The NFT market has felt the effects of “Uptober,” as sales volumes have increased 21% in the last 30 days, resulting in a market cap of $2.18 billion. Blue-chip projects such as the BAYC collection saw an 81.2% increase in volume the last month, similar to Pudgy Penguins, which had a 51.2% increase in volume. The increase in price and volume can be partly attributed to the general price increase of the crypto market, with Bitcoin and Ethereum up 24.7% and 7.26%, respectively, in the past month. Moreover, when Pudgy Penguins started selling physical plush toys in Walmart, one of the most successful retail stores, interest surged, and so did the floor price of the NFT.
NFT Report: September Edition
The NFT market continues to face low sentiment as sales volumes have dropped 29% in the last 30 days, and mainstream media is reporting NFTs as “worthless.” Covered by The Guardian, Cointelegraph, Yahoo, The Hindu Times, and more, a recent study conducted by dappGambl, which analyzed data from NFT Scan and CoinMarketCap, found that 95% of NFT collections, equivalent to 23 million individuals, hold NFTs with no market value – as 69,795 out of 73,257 collections have a market cap of 0 Ether.