3AC Files for Bankruptcy, Fundraising Rounds with AltLayer and Soba, Huobi Ventures Invests in Land of Conquest
Summary
Huobi Ventures invests in Land of Conquest, while other projects like Soba and AltLayer complete successful funding rounds.In one of the most significant developments in the crypto space Three Arrows Capital (3AC), filed for bankruptcy in New York. Three Arrows Capitals problem began during the peak of the endless crypto market winters, which forced them to default a $660 million loan to Voyager Digital.On July 4th, Land of Conquest, a Blockchain gamefi platform, announced they received investment from Huobi Ventures, a VC. In a PR statement earlier today, Land of Conquest mentioned that Huobi ventures would be a lead investor. As we spend more time in digital environments, we believe that everyone should be able to make games and define the rules of play Were using Web3 to build the most creator-friendly gaming platform and were proud to be backed by an amazing group of creators and other investors.Earlier today, Bits.media, a famous Russian crypto news outlet, was blocked by the media censor Roskomnadzor. According to recent reports, this website is currently inaccessible to most of its Russian users.The media outlet co-founder Ivan Tikhonov notes that the government didnt provide any notice of the censorship.