Odaily News Web3 gaming platform Distinct Possibility Studios has completed a $30.5 million financing round, led by Bitkraft Ventures and Brevan Howard Digital, with participation from the Tezos Foundation, Hashed, Delphi Ventures, Shima Capital, North Island Ventures and Decasonic. The game studio was founded by John Smedley, co-founder of EverQuest, and the funds will be used to support the development and launch of its AAA shooting game Reaper Actual, which is expected to be available on Steam and Epic Games Store. (The Block)

Odaily News Crypto payment app Lyzi has completed a seed round of financing of approximately $1.4 million, with participation from Astek founder Jean-Luc Bernard and Dfns founder Christopher Grilhault des Fontaines. Lyzi is built on the Tezos layer 1 blockchain, allowing consumers to use cryptocurrencies for daily payments in retail and e-commerce environments, and merchants to receive payments in cryptocurrencies and deposit fiat currency directly into their bank accounts. (CoinDesk)

Odaily News Fraktion, an end-to-end RWA solution, announced the completion of a 110 euro seed round of financing, with participation from Cabrit Capital, Tezos Foundation, Vox Capital, and well-known angel investors such as Olivier Huby (formerly MFEX), Andréa Bensaïd (Eskimoz) or Guillaume Mayot (Lukeion). Fraktion will be launched on the Tezos blockchain in mid-2023, and the new funds are intended to accelerate the development of its technology platform and expand its influence in the field of real-world assets. (chainwire)

Odaily News John E Deaton, a lawyer who supports cryptocurrencies, commented on the news that "US crypto projects may enjoy zero capital gains tax" on X, saying that if the policy is to be implemented, it is still necessary to clarify which crypto projects should be considered to be located in the United States and what the requirements are for being based in the United States. Take Solana as an example. Although Solana Labs is headquartered in San Francisco, the Solana Foundation is headquartered in Geneva, Switzerland. XTZ: Developed by Arthur and Kathleen Breitman and based in the United States, while the Tezos Foundation is based in Switzerland. On the surface, XRP, XLM, HBAR, XCH, and AVAX all appear to qualify. In addition, it remains to be clarified whether US companies involved in cryptocurrencies and crypto mining companies, or even other US companies that adopt BTC and/or crypto reserve policies, will also use this tax reduction policy.

Odaily News Tezos co-founder Kathleen Breitman said that the recent rise in the crypto market reflects the increased regulatory certainty in major markets such as the United States, and there will be more things like linking real-world assets to cryptocurrencies because it is easier to navigate in the regulatory environment. (Decrypt.co)

Odaily News Tezos node operator Josh Jarrett is suing the IRS again, trying to overturn its ruling that staking rewards should be taxed as income. Washington think tank Coin Center is assisting him in the lawsuit. Jarrett's new lawsuit filed Thursday seeks a permanent injunction prohibiting "the treatment of tokens created by the Jarretts as income." He and his co-plaintiff and spouse Jessica Jarrett are also seeking the IRS to refund $12,179 in taxes paid on 13,000 XTZ earned by the two in 2020. In 2021, Jarrett argued that the 8,876 XTZ received as staking rewards in 2019 should be considered property rather than income, meaning they should be taxed when sold rather than when generated, and filed a refund lawsuit after paying the taxes, citing tax code sections 7421 and 7422. In 2022, the IRS attempted to dismiss the case and provide Jarrett with a $4,000 refund for the income taxes he paid on Tezos staking rewards. Jarrett refused the refund and continued to file the lawsuit, which was supported by several pro-crypto industry organizations, including the Proof of Stake Alliance and Coin Center. (The Block)

Odaily News Robinhood, a well-known online trading platform in the United States, announced that it has opened trading services for Uniswap (UNI), Stellar (XLM) and Tezos (XTZ) to New York State residents. With this addition, New York State users can now buy and sell a total of 14 crypto assets on the Robinhood platform.

Odaily News Gamified medical platform Universal Health Token (UHT) has completed a $1.2 million Pre-Seed round of financing, led by Animoca Brands, Polygon Ventures and Tezos Foundation. The team said: "Universal Health Token gamifies preventive healthcare through blockchain and is powered by GOQii. The platform is a Web3 branch of Goqii and recently exceeded 5 million global downloads on the app. UHT connects technology and healthcare. Through exclusive NFTs, event access and discounted health products, UHT inspires individuals to rethink their habits and embrace a healthier lifestyle." (CoinDesk)

Odaily News Kredete, a cross-border transfer platform based on stablecoins, announced the completion of a seed round of financing of US$2.25 million, led by BFF, with participation from Techstars, Tezos Foundation, Polymorphic Capital, Launch Africa, Neer Venture Partners, SDF and DNA Fund. It is reported that Kredete uses stablecoins to reduce the cost of promoting transfers. (Accesswire)

Odaily News Tim Draper, a venture capitalist who has invested in Coinbase, Ledger and Tezos, said that all the efforts France has made for the Olympics have been undone by a stupid act like the arrest of Pavel Durov.