{"id":435857,"date":"2022-04-22T21:00:00","date_gmt":"2022-04-22T18:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022\/"},"modified":"2022-04-22T21:00:00","modified_gmt":"2022-04-22T18:00:00","slug":"crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022\/","title":{"rendered":"# Crypto Biz: The Web3 arms race is upon us, April 14\u201320, 2022"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d222dca5e9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d222dca5e9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022\/#%E2%80%9D_Crypto_Biz_The_Web3_arms_race_is_upon_us_April_14%E2%80%9320_2022_%E2%80%9C\" >&#8221; Crypto Biz: The Web3 arms race is upon us, April 14\u201320, 2022 &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022\/#Framework_Ventures_allocates_half_of_400M_fund_to_Web3_gaming\" >Framework Ventures allocates half of $400M fund to Web3 gaming<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022\/#KuCoin-backed_companies_launch_100M_Web3_developer_fund\" >KuCoin-backed companies launch $100M Web3 developer fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022\/#Crypto_exchange_CoinDCX_raises_135M_funding_to_support_Indian_Web3\" >Crypto exchange CoinDCX raises $135M funding to support Indian Web3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022\/#Crypto-focused_SPAC_raises_115M_in_Nasdaq_IPO\" >Crypto-focused SPAC raises $115M in Nasdaq IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-web3-arms-race-is-upon-us-april-14-20-2022\/#Dont_miss_our_portfolio_reveals\" >Don\u2019t miss our portfolio reveals!<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_Biz_The_Web3_arms_race_is_upon_us_April_14%E2%80%9320_2022_%E2%80%9C\"><\/span>&#8221; Crypto Biz: The Web3 arms race is upon us, April 14\u201320, 2022 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNzhkYmIwODYtYzZlNi00YmI4LThjYjctNGY3ZjQ1OTVjOTBmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>\u201cWeb3\u201d used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility.\u00a0<\/p>\n<p>This week\u2019s Crypto Biz <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter features several major funding rounds dedicated to building the Web3 economy. After reading through the stories, you can decide whether we\u2019re actually getting closer to defining Web3. Oh, and remember all the buzz surrounding Special Purpose Acquisition Companies, or SPACs? A crypto-focused SPAC just closed an initial public offering on the Nasdaq, raising $115 million in the process. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Framework_Ventures_allocates_half_of_400M_fund_to_Web3_gaming\"><\/span>Framework Ventures allocates half of $400M fund to Web3 gaming<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Remember DeFi Summer 2020? Well, venture capitalists are gearing up for Web3 Summer 2022. That should help numb the crippling pain of 2021\u2019s Summer of Wyckoff. Framework Ventures is anticipating big things for the space. This week, the venture firm announced that it would invest $200 million of a new $400 million fund in Web3 gaming projects. Now for the hard part: How do they identify the next Axie Infinity? Framework was an early investor in Chainlink, Aave and The Graph, so it knows how to spot gems very early. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"KuCoin-backed_companies_launch_100M_Web3_developer_fund\"><\/span>KuCoin-backed companies launch $100M Web3 developer fund<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>I used to associate KuCoin with endless shitcoin listings, but the exchange is a lot bigger than I thought. Not only does KuCoin have its own venture arm, but it\u2019s also rolling out a new NFT marketplace called Windvane. KuCoin Ventures and Windvane have co-launched a $100 million \u201cCreators Fund\u201d to help fund \u2014 you guessed it \u2014 Web3 projects. If we\u2019re going to be technical about it, the Creators Fund wants to target NFT startups that are contributing to the development of Web3. Projects at the intersection of art, sports and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Fi are eligible to receive funding. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Crypto_exchange_CoinDCX_raises_135M_funding_to_support_Indian_Web3\"><\/span>Crypto exchange CoinDCX raises $135M funding to support Indian Web3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For all the uncertainty surrounding India\u2019s cryptocurrency laws, the country is becoming quite the hotbed for digital asset investing. This week, local exchange CoinDCX became India\u2019s first crypto-centric business to complete a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> D funding round, raising $135 million to support various Web3 initiatives. While it\u2019s not entirely clear how the funding will be used, CEO Sumit Gupta said India has the opportunity to become a leader in the Web3 economy. Gupta also told local news outlets that Web3 will only add to India\u2019s financial system.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Crypto-focused_SPAC_raises_115M_in_Nasdaq_IPO\"><\/span>Crypto-focused SPAC raises $115M in Nasdaq IPO<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A SPAC by the name of Aura FAT Projects Acquisition Corp recently launched its initial public offering (IPO) on Nasdaq, raising $115 million with a focus on crypto industry assets. The IPO was actually oversubscribed by $15 million, which tells you all you need to know about the institutional <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite for all things crypto. Aura FAT is eyeing strategic acquisitions in the blockchain sector, focusing on Web3 (there it is again), digital ledger <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> (DLT), e-gaming assets and crypto more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly. Wait until you read about the SPAC\u2019s geographical presence.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dont_miss_our_portfolio_reveals\"><\/span>Don\u2019t miss our portfolio reveals!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>What does your crypto bag look like? In this week\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=aWCNCQD0smI\">The Market Report<\/a>, Cointelegraph analysts revealed their crypto holdings. Full disclosure: I\u2019m a hardcore Bitcoiner because I believe Bitcoin (BTC) is the best monetary alternative we have in the age of rapidly inflating fiat. But, my fellow analysts Jordan Finneseth and Benton Yuan have a much different take. You can watch the full replay below. <\/p>\n<p><iframe loading=\"lazy\" title=\"Cointelegraph\u2019s experts reveal their crypto portfolios | The Market Report\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/aWCNCQD0smI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Crypto Biz is your weekly pulse of the business behind blockchain and crypto delivered directly to your inbox every Thursday. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-biz-the-web3-arms-race-is-upon-us-apr-14-20-2022\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto Biz: The Web3 arms race is upon us, April 14\u201320, 2022 &#8220; \u201cWeb3\u201d used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility.\u00a0 This week\u2019s Crypto Biz&#8230;<\/p>\n","protected":false},"author":1,"featured_media":435858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNzhkYmIwODYtYzZlNi00YmI4LThjYjctNGY3ZjQ1OTVjOTBmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75719,77475,93542,117,5007,71745],"class_list":["post-435857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-funding","tag-kucoin","tag-web3","tag-business","tag-ipo","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=435857"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/435858"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=435857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=435857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=435857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}