From New Prediction Markets to xStocks Rise - Here's What Happened in Web3 Brands

A new Prediction market called XO Market founded by a former Polymarket user, Ali Habbabeh, emerged. On July 1, it received $500K funding from CyberFund, Delhi Ventures and other notable investors. Specifically a conviction market, XO aims to allow every user to be create their own market based on any event. Founder Ali Habbabeh calls it as a "conviction market" with the AI-agent decided outcome and resolution process. The funding comes as the competition in the Polymarket continues to grow with other new players like TrueMarkets. Interestingly, this comes as the leading players - Kalshi and Polymarket - have inches towards the Unicorn status.

Kraken's L2 project Ink launched an official contest to name its official brand Mascot. The move highlights the growing trend in web3 brands such as Magic Eden, Phantom about using mascots for branding.

Binance appointed first-ever European Head to lead in the race of the growing competitive market of the region. See who Gillian Lynch is!

The developing concept of bringing decentralized finance (DeFi) to Bitcoin received a major boost as VC firm Ego Death Capital raised $100M.

Backed, the company which has making waves in the tokenized equities space, has surprising lessons and strategies for aspiring startups.