Weekly Wrap Up - Snoop Dogg is Shilling, Polygon Rolls Out ZK ID, Revolut is Profitable, Unity Adds MetaMask & More‪!‬ Fintech Confidential

Join Tedd Huff of Fintech Confidential, and Bruce Burke of #PAY as they discuss the latest developments in the world of fintech and web3 technology on this week's wrap-up of Bullet Point Bulletins stories.
$33 billion fintech giant Revolut reports first-ever annual profit
Gaming engine Unity adds MetaMask functionality among new Web3 tools
Polygon launches decentralized ID product powered by ZK proofs
Snoop Dogg to Launch 'Shiller': The Live Streaming App Where Everything is Shoppable
$33 billion fintech giant Revolut reports first-ever annual profit
Revolut, a fintech giant, reported its first-ever annual profit in 2021, with revenues of £636.2 million ($767.1 million) and a pre-tax profit of £59.1 million.The company's success was due to the growth in subscriptions to its paid packages and overall app usage, along with diligent cost control and a diversified business.Revolut expects revenue growth of more than 30% to £850 million in 2022.The company competes with other digital banks such as Wise, Monzo, and Starling.Revolut has expanded into overseas markets such as the U.S., Brazil, Mexico, and India and has over 25 million users worldwide.The company has been pursuing a banking license in the U.K. for the past two years to source more income from lending activity.Revolut faced concerns from U.K. regulators over the robustness of its internal financial controls and an aggressive working culture, which led to departures of key regulatory and compliance executives.Revolut's crypto business deteriorated sharply, accounting for only 5% to 10% of sales in 2022, down from roughly a third in 2021.As a privately held firm, Revolut is not required to share frequent quarterly reports.Revolut hopes to obtain its U.K. banking license "very soon" and secure external funding.

Blockchain Founders Fund raises $75M to encourage Web3 mass adoption
Blockchain Founders Fund has raised $75 million in a fundraising round to support the adoption of Web3 and blockchain technology.The fund will focus on supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology.The fund has already invested in over 100 startups, including Altered State Machine, Splinterlands, GRID, Krayon, and Magna.The fund plans to potentially spread its investments across more than 200 companies within the next 12 months.The fund will focus on early-stage Web3 companies with strong teams, a demonstrated ability to execute their vision, and a clear, viable business plan that demonstrates a solid understanding of the target market and competitive landscape.The Blockchain Founders Fund takes a team-centric approach when evaluating investments to ensure that only well-rounded teams are chosen for funding.The fund navigates regulatory uncertainty by staying abreast of emerging trends in blockchain governance as they continue to evolve over time.Venture capital investments are shifting toward "non-volatile innovations," including cross-chain bridges, payments and remittances, lending, decentralized autonomous organizations, asset management, and digital identity management.Despite a pullback in venture capital spending by investors in Q4 2022, investors are still looking to bankroll blockchain-based technologies, applications, and startups.The Blockchain Founders Fund leverages its industry connections, including leading institutions and investors in the space, to help its portfolio companies succeed.

Gaming engine Unity adds MetaMask...