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” Crypto startup employee quits after realizing telltale signs of failure “ The startup ecosystem has historically played a vital role in shaping the crypto community into an almost $2 trillion industry. However, numerous players bank on this notion to consistently overpromise and underdeliver the big WAGMI dream. Back in December 2021, Redditor busterrulezzz thought…
” Citi’s digital asset co-heads resign with plans to create crypto startup “ Alex Kriete, Co-Head of Digital Assets at Citi, announced his resignation from the banking giant after 11 years at the firm on March 10 via LinkedIn. He stated in his post that he intends to devote himself full-time to developing a new cryptocurrency…
” Women-led startup to help consumers monetize their data through blockchain “ Web2 lets big tech companies collect consumer data without paying the people behind the statistics. However, the advent of Web3 technologies may change the way data is collected and let consumers get compensation for the information they share, according to the founders of…
“Russia-funded grocery app Buyk furloughs CEO as sanctions begin to hit hard” Grocery delivery app Buyk has furloughed its own CEO, who had been leading the company’s efforts to raise American money after its Russian funding was cut off due to US sanctions. CEO James Walker was put on furlough as of Tuesday morning, according…
“# Blockchain startups grow as global VC funding generated $25.2B in 2021 ” Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went…
“# The Sandbox announces $50M fund for its startup accelerator program ” Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain…
“# Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle ” Cathie Wood’s Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). This purchase would represent a…
“#Startup Rentbrella launches umbrella-sharing app in NYC” A new umbrella-sharing startup is expanding in New York City — and says it will do for umbrellas what Citibike did for bicycles. Rentbrella, an app that was first launched in Brazil in 2018, is setting up automat-like kiosks stocked with 100 umbrellas each across the Big Apple…
“# Microsoft leads startup Palm NFT Studio’s $27M series B round ” Crypto startup Palm NFT Studio announced a Series B raise of $27 million on Thursday led by Microsoft’s venture fund M12. Palm NFT, cofounded by ConsenSys founder and Ethereum cofounder Joseph Lubin, provides strategic and technical services for creators to build NFT marketplaces. Other…
“# Ethereum layer-two developer StarkWare valued at $2B following $50M raise ” Israel-based StarkWare announced on Tuesday via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised…