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” Former Polychain GP unveils $125M crypto fund with DAO governance ambitions “ Former Polychain Capital general partner Tekin Salimi has launched a new blockchain-focused investment fund that will eventually be converted into a founder-owned decentralized autonomous organization (DAO), offering a novel way for startup leaders to be rewarded for their contributions. The $125 million…
” FTX and CoinShares launch physical staked Solana ETP “ CoinShares, one of the largest crypto investment firms in Europe, and FTX crypto exchange have united forces to launch a new physically-backed Solana (SOL) exchange-traded product (ETP). The new product, titled CoinShares FTX Physical Staked Solana, is launching with 1 million SOL in seed capital,…
” El Salvador postpones Bitcoin bonds to September: Report “ The government of El Salvador has reportedly decided to postpone the issue of a Bitcoin (BTC)-backed bond due to the unfavorable market conditions fueled by the geopolitical crisis. El Salvador’s “Volcano Bond” will not go live in March as the Salvadoran government expected previously, finance…
” US Bitcoin mining firm turns to harmful coal waste for cleaner energy “ Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs. The company collects coal refuse, a leftover waste material from the process of coal mining,…
” Animoca Brands targets social media giants in latest Web3 expansion plans “ Animoca Brands co-founder and chairman Yat Siu stated that his firm will continue to “shepherd companies into Web3” to speed up the evolution of the internet into an open Metaverse. Siu has long advocated for the broader concept of an open Metaverse…
” Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund “ Katie Haun, crypto investor and board member for Coinbase and OpenSea announced that she had raised $1.5 billion for her new fund, Haun Ventures. On Tuesday, March 22, Haun posted an article on Twitter, briefly introducing the firm and sharing that the…
” Chip giant Qualcomm launches $100M Metaverse fund “ Multinational software and microchip giant Qualcomm Incorporated has launched a $100 million Metaverse fund to back extended reality (XR), artificial intelligence (AI), and augmented reality (AR) tech companies. Extended reality, or XR, refers to the combination of smartphones along with AR and VR technology such as…
” Coinbase Cloud launches Avalanche developer tools suite “ Web3 developer hub Coinbase Cloud has added a suite of tools to support development on the Avalanche blockchain and smart contract platform. As part of the new support features, Coinbase Cloud is running an Avalanche (AVAX) public validator node. This allows Avalanche network participants to stake…
” NFT creator Yuga Labs raises $450M, bringing company valuation to $4B “ Yuga Labs, the creators of Bored Ape Yacht Club (BAYC) and new owners of the CryptoPunks and Meebits brands, announced it is now valued at $4 billion after its latest $450 million seed funding round. VC firm Andreessen Horowitz, or a16z, led…
” Volvo’s parent company establishes blockchain joint venture headquarters in Wuxi, China “ On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture with headquarters in Wuxi, China. The project aims to develop blockchain technologies and improve…