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Category: web3
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Blossom Capital’s Newly Launched $432 Million Fund to Focus on Crypto Startups
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
FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption
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
NEAR Protocol raises $150M to promote Web3 adoption
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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Near Foundation Raises $150 Million to Bolster Web3 Adoption
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
Binance Labs backs $200M Oasis Ecosystem Fund
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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What Is Web3 and How Can I Invest in It?
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 Reaches Record Activity Levels on Top of Metaverse Push
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
Cointelegraph Consulting: Crypto events of 2021 in retrospect
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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Defi Portfolio Tracking Startup Debank Raises $25M From Sequoia China, Crypto.com, Circle
The decentralized finance (defi) portfolio tracking startup Debank raised $25 million from investors according to an announcement on Tuesday. Following the equity financing round, Debank says it has an overall valuation of around $200 million. Defi Dashboard Debank Raises $25 Million 2021 was a good year for venture capital (VC) entering the crypto and blockchain […]Powered by WPeMatico