Web3 app Kresus raises $25M to bridge consumers to blockchain
Kresus’ SuperApp aims to bridge more everyday consumers to digital goods, NFTs and other Web3 products and services. Go to Source Powered by WPeMatico
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Blockchain Founders Fund raises $75M to encourage Web3 mass adoption
The fundraising round included Polygon, Ripple, Octava, NEO Global Capital, Appworks, Sebastien Borget of The Sandbox, GSR, LD Capital, Metavest Capital and others. Go to Source Powered by WPeMatico
VC blockchain and crypto funding drops off in Q4 2022: Report
2022 saw an overall decline in the amount of venture capital funding going into the blockchain and cryptocurrency space. Go to Source Powered by WPeMatico
Reddit co-founder bought 50,000 Ether during pre-sale, for $15K
Alexis Ohanian is extremely bullish on cryptocurrency, even using the proceeds from his early Ether investment to found a crypto-focused venture capitalist firm. Go to Source Powered by WPeMatico
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Sony and … Read more
Napster Expands Into Web3 Music Space With Acquisition of Mint Songs
On Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon Vlassopulos, insists that “we are in an unprecedented era of innovation in the digital music space,” and he believes Web3 innovations can help musicians find … Read more
Angel investors vs. venture capitalists
Angel investors are seed-stage financiers who offer mentorship to nascent businesses for equity, while venture capitalists inject substantial capital into later-stage firms. Go to Source Powered by WPeMatico
Sequoia Capital, Paradigm among VCs facing “tricky” FTX investor lawsuit
It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer. Go to Source Powered by WPeMatico
Deutsche Bank’s DWS eyes 2 German crypto firms for investment: Report
Companies negotiating with DWS Group include Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker Tradias. Go to Source Powered by WPeMatico
VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment
Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build. Go to Source Powered by WPeMatico