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Saudi Arabia’s emergence as a top venture capital investment destination in the Middle East and North Africa offers an opportunity for Web3 startups seeking funding. However, the latest Adaverse report acknowledges that the Saudi Web3 industry faces challenges requiring collaboration among key stakeholders to overcome. The report urges Saudi authorities to establish clear, comprehensive regulations … Read more
The seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite recent outages. Solana Stress Tests Lead to Upgrades and Improvements Nevertheless, in his written responses shared with … Read more
This edition of Cointelegraph’s VC Roundup features Pichi Finance, Sybill, Hyperbolic, Raad Labs, and zkLink. Go to Source
The deal comes amid a flurry of investment in aPriori’s native blockchain network, Monad. Go to Source
Galaxy launched a $113 million crypto fund on the week of the debut of the first spot Ether ETFs in the US. Nansen has also launched the industry’s first Ether ETF analytics dashboard. Go to Source
Pixelverse co-founder Kori Leon said their organization is taking a different approach by building a strong user base without “unrealistic” promises. Go to Source
Large funding rounds are still few and far between in Web3, according to Crunchbase. Go to Source
A new European Investment Bank report highlights the need for increased innovation financing in the EU to maintain tech leadership and compete globally in key sectors like AI and emerging technologies. Go to Source
This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more. Go to Source
In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% … Read more