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” Solana-based protocol seeking to decentralize ride-sharing raises $9M “ The ride-sharing industry is poised for another paradigm shift with Web3 protocols, allowing new companies and drivers to bid for rides using a matching algorithm, according to the Decentralized Engineering Cooperation (DEC) — the company behind the Solana-based protocol TRIP that enables mobility-based applications. According…
” Venture capital recedes from crypto in Q3, but not all is bleak: Report “ In 2022, it’s no surprise that most assets are in a bear market. People have a variety of signals they look for when determining a good time to enter the market, and Cointelegraph Research’s Venture Capital Report for Q2 revealed…
” VC Roundup: Web3 dev, EVM sharding and crypto banking headline blockchain funding deals “ Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital…
” Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi “ Canadian Web3 infrastructure company ChainSafe has closed an $18.75 million funding round that was backed by prominent industry venture firms, putting the company on track to expand operations at a time when demand for blockchain infrastructure and gaming services was on the…
” a16z leads $40M raise for decentralized knowledge protocol “ Decentralized knowledge protocol Golden has closed a $40 million funding round led by venture firm Andreessen Horowitz, or a16z, with additional participation from Protocol Labs, OpenSea Ventures and the founders of Solana, Dropbox, Postmates and Twitch, among others. In addition to leading the Series B…
” Pantera Capital’s CEO suggests Blockchain growth will continue despite economic turmoil “ The economic landscape may seem dire at the moment, but it’s unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead. In an interview for Real Vision on Thursday, the venture capitalist said that he believes blockchain technology will perform…
” Japanese banking giant Nomura launches digital ecosystem VC arm “ Nomura, one of the largest investment banks in Japan, has established a venture capital arm aimed at investing in companies focusing on crypto and blockchain. In a Wednesday announcement, Nomura said the business, named Laser Digital, will “provide new value in the area of…
” NFTs will bring crypto to billions of users, explains VC investor “ Avichal Garg, the CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist” – who believes that nonfungible tokens (NFTs) will play an essential role in bringing crypto to the masses. Unlike other crypto niches, NFTs are relatable to aspects…
” Ex-Citadel execs raise $50M for high-frequency crypto trading platform “ Cryptocurrency startup Portofino Technologies has officially launched its high-frequency trading platform for digital assets, securing major funding from venture capital firms in the process. In launching its platform, Portofino disclosed that it had raised $50 million in equity funding from Valar Ventures, Global Founders…
” VCs pour $14.2B into crypto in H1 2022, but investments now slowing “ Venture capital firms poured $14.2 billion into crypto across 725 deals in the first half of 2022, but big four accounting firm KPMG predicts investments will likely slow for the remainder of the year. According to a newly released KPMG report on Sept….