This week’s Crypto Biz explores Microsoft’s Activision purchase, the new partnership between Coinbase and Mastercard and the latest funding news from the world of crypto. For a comprehensive breakdown of business developments over the last week, register for the full newsletter below.

It’s no secret that Microsoft has been eyeing its entry into the Metaverse ever since Zuckerberg rebranded Facebook to Meta. The company found its perfect entry this week by acquiring gaming giant Activision Blizzard for $68.7 billion. Satya Nadella, who has served as Microsoft’s CEO since 2014, described video games as playing a “key role in the development of metaverse platforms.” Activision is behind some of the world's most iconic gaming franchises, including Call of Duty, World of Warcraft and Tony Hawk’s Pro Skater.

Together with @ATVI_AB, we will usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive, and accessible to all. https://t.co/fF2Ig3gSfx

Crypto is nothing new for Mastercard. As Cointelegraph reported, the credit card giant launched crypto-linked credit cards across the Asia-Pacific region in November 2021. Now, the company is partnering with Coinbase to enable users to purchase nonfungible tokens using their credit cards. The partnership revolves around Coinbase’s forthcoming nonfungible token (NFT) marketplace and enables users to buy digital collectibles without having to set up a crypto wallet or hold Ether (ETH). Strengthening payment onramps to the crypto sector is considered vital for boosting mainstream adoption.

Semiconductor giant Intel is planning to unveil a new energy-efficient Bitcoin (BTC) mining ASIC at the forthcoming IEEE International Solid-State Circuits