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On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network’s native token SCRT is the third-largest privacy-centric crypto asset market today with a $1.4 billion market cap. SCRT Labs […]Powered by WPeMatico
Beta browser offers a built-in non-custodial wallet, available now to Windows, Mac and Android users.
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Blossom Capital, the London-based venture capital firm founded by Candice Lo, Imran Ghory, Mike Hudack, and Ophelia Brown plans to dedicate more funds to the growing cryptocurrency ecosystem. On January 18, Blossom announced a new fund worth $432 million, and a third of the capital will be distributed to early-stage crypto firms. A Third of […]Powered by WPeMatico
The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.” FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu FTX Trading Limited has announced […]Powered by WPeMatico
Ethereum competitor NEAR Protocol raised funds for Web3 adoption, with Three Arrows Capital and Andreessen Horowitz supporting the proof-of-stake blockchain.
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On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]Powered by WPeMatico
The VC firm has thrown its weight behind several blockchain projects with a focus on Web3, decentralized finance and cross-chain capabilities.
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With all the Metaverse hype surrounding crypto, many wonder what Web3 is and whether it might be the next major trend. This article will demystify the meaning of Web3 technology and the various cryptocurrencies associated with it. Who Coined the Term Web3? Ethereum co-founder Gavin Wood coined the term Web3 in 2014 when he envisioned a new economy built around blockchain tech where individuals exchanged services with no central authority. The idea of Web3 started gaining popularity in 2021. Projects like Helium Network and Arweave gained multi-billion dollar valuations with their decentralized peer-to-peer networks, closely imitating Gavin Wood’s Web3 vision.
The post What Is Web3 and How Can I Invest in It? appeared first on The Merkle News.
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Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that metaverse projects are now having in the market. According to Dappradar, the activity on the game has risen considerably. This is also accompanied by the rise in the price of its native token, JEWEL, issued on top of […]Powered by WPeMatico
With 2021 coming to a close, it might go down as the year that brought the most mainstream attention to cryptocurrencies.
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