#Web3Weekly: Sept. 25 to Oct. 1, 2022

Re-sharing below the latest edition of #Web3Weekly, my regular newsletter about decentralization. If you would like to receive it in your inbox every Sunday, subscribe here.

The latest headlines about decentralization:

• FTX made some big moves. The exchange acquired the assets of bankrupt crypto broker Voyager Digital for $1.4 billion. Meanwhile, Bret Harrison, announced on Twitter that he is stepping down, moving into an advisory role at the exchange.
• Binance announced the launch of a new mining pool for ETHW, a recently launched version of ether that preserves the Ethereum’s old proof-of-work (PoW) consensus algorithm. ETHW was built as a haven for miners adversely affected by the Ethereum network’s recent transition to an alternative proof-of-stake (PoS) protocol for the network’s flagship ETH token. PoS is greener, with 99% lower power consumption, than PoW. But it also offers lower rewards to miners verifying transactions on the Ethereum blockchain.
• Robinhood is expanding its blockchain offerings. The trading platform launched a new web3 wallet beta that supports the Polygon chain. Separately, Robinhood said it will partner with Circle, issuer of the USDC stablecoin, to offer that token to customers and use it for trade settlements.
• Lightning Labs released an alpha version of its Taro software, a daemon that will help developers create new stablecoins on the Bitcoin blockchain.
• The Indian crypto exchange WazirX just laid off 40% of workforce. The move may affect up to 70 employees, according to CoinDesk.
• Major brands still ❤️ NFTs. Warner Music Group announced a new partnership with OpenSea to expand opportunities for artists on the record label to build their following using non-fungible tokens. Separately, the auction house Christies launched a new website to showcase its sales of NFTs.
• The metaverse startup Mona is sponsoring an avatar-building contest with prizes worth up to $2,0000 for entries that make creative use of technologies such as AI, metaverse, and non-fungible tokenization. Deadline to enter is Oct. 16.

That’s it for now. Thanks for spending some time with the newsletter today! If you would like to receive updates like this in your inbox every Sunday, please join our email list here.

As ever, a brief disclaimer: This content is intended for journalistic purposes only, not as investment advice. For the latter, please DYOR and consult appropriate financial pros to make the most suitable choices for your individual needs.

Best wishes for a healthy and productive week ahead.