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Investments in Ethereum by the co-founder of the Reddit social network Alexis Ohanian have grown by 548,566% since he invested in altcoin in 2014. In an interview with Forbes, he said that he spent $ 15 thousand to buy 50 thousand. ETH at a price of $0.3 per coin. At the rate of February 22,...
Investment firm Pantera Capital has invested $10 million in massively multiplayer online role-playing game Worldwide Webb in its Series A funding round. Launched in 2020, Worldwide Webb offers a compatible Massively Multiplayer Online Role Playing Game (MMORPG) where players can use their own NFTs from multiple blockchains to use as avatars to participate in battles,...
Abu Dhabi’s technology ecosystem, Hub71, has announced a new initiative called “Hub71+ Digital Assets,” with a capital backing of over US$2 billion. This project aims to advance Web3-based innovations, such as blockchain technology and metaverse applications. The initiative aspires to provide Web3 startups with access to a range of programs, and initiatives, as well as,...
Hypernative, a cryptocurrency security startup that specializes in anti-hack protection, today announced that it has raised USD 9 million in seed funding to help Web3 companies prevent losses from cyberattacks. IBI Tech Fund and boldstart ventures led the round with additional investments from Nexo, Blockdaemon, borderless, Alchemy and CMT Digital, among others. According to Hypernative...
Injective, a layer 1 blockchain specializing in building financial applications, has launched a USD 150 million foundation ecosystem initiative. Injective was built using the Cosmos SDK and uniquely provides plugins that help developers quickly build complex protocols focused on areas such as exchanges, options, derivatives and lending. Injective is already one of the most interoperable...
Brett Harrison, former president of FTX.US, has raised USD 5 million for Architect, a new crypto startup that will build trading software targeted at large investors and institutions, according to a Bloomberg report. It has been almost four months since Brett Harrison stepped down as president of FTX.US, the US arm of the now bankrupt...
Mastercard has announced a partnership with Polygon as part of a Web3-focused incubator programme. The financial services company wants to support musical artists looking to harness the power of the digital economy with the tools they need to succeed. “The core of this programme is providing emerging artists with the Web3 tools and skills they...
Nillion startup developers have successfully closed a $20-million funding round. The co-founders are busy building the Web3 platform, which will be based on a decentralized network without blockchain. The round was led by venture capital funds, Distributed Global, as well as AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto and SALT Fund. More...
With crypto valuations severely affected after the recent crash of the FTX exchange, financial services company Goldman Sachs is looking to pour millions into buying or investing in crypto firms while prices are low. In an interview with Reuters, Matthew McDermott, chief executive of Goldman Sachs, reportedly said that the big banks see opportunities in...
