Dating giant Match Group has announced several modifications to its management team alongside disappointing second-quarter earnings. The CEO, Renate Nyborg, revealed that heavy investments in the metaverse will now take a backseat. Tinder’s first foray into web3-related research and metaverse development was previously envisioned by the exec. She unveiled the ambitious “Tinderverse” project after acquiring...Read More
Gucci is expanding the number of supported cryptocurrencies that it accepts for payment, the latest addition being ApeCoin. APE is the native ERC-20 token of the BAYC NFT collection, a subsidiary of Yuga Labs. The iconic Italian fashion house revealed that the Bored Ape Yacht Club (BAYC) token will be available as a payment option...Read More
Web3 venture firm Variant has raised a $450 million umbrella fund, including a $150 million seed fund for early-stage projects and a $300 million to support teams “with demonstrated traction from our portfolio and beyond,” according to the official press release. Led by a16z veterans Li Jin, Jesse Walden, and Spencer Noon, the venture emphasizes...Read More
Web 3 security firm Beosin recently released its 2022 Q2 Web 3 Security Report, analyzing the latest hacks and exploits to impact the blockchain sphere. It found that over $718 Million were lost to related schemes during that time – most of which occurred in the defi space. Breaking Down the Numbers The report –...Read More
On July 13, entertainment giant Walt Disney announced six companies are joining its 2022 Disney Accelerator. Among them was the layer-2 Ethereum scaling network Polygon. The business development program is designed to accelerate the growth of innovative companies. According to the announcement, Disney is focusing on emerging technology in the field of immersive experiences this...Read More
The largest mobile operator in South Korea – SK Telecom – reportedly joined forces with crypto firms AhnLab Blockchain Company and Atomrigs Labs to release a digital wallet. The feature will provide cryptocurrency services and access to the Web3 ecosystem. According to a recent report, users of the wallet will be able to receive, transfer,...Read More
The bloodbath will probably worsen, at least, until the end of the year as inflation will remain above 5%, and regulatory crackdowns against the industry deepen, according to the annual report published by crypto research firm Messari. Examining the industry through a long-term perspective, however, the firm said institutional investments have grown steadily YoY despite...Read More
Polygon has announced a partnership with Nothing, the creator of Phone (1). The Ethereum scaling protocol’s tech will be integrated into Nothing’s first smartphone. While Polygon won’t be manufacturing its own smartphone, the partnership aims to bring crypto and NFTs to a larger audience by enabling access to Web3 functionality to such users. Polygon-Nothing The...Read More
Sequoia Capital’s Chinese subsidiary will reportedly secure $9 billion for four new funds. Those will be distributed towards supporting fintech and cryptocurrency startups in China. According to a coverage by The Information, the venture capital firm’s fundraiser will surpass the company’s initial target of $8 billion. If accomplished, the amount will become the largest capital...Read More
Global venture capital and growth investor Sequoia Capital has announced the launch of two new funds – a $2 billion early-stage venture, and growth product for India as well as an $850 million dedicated one for Southeast Asia. The focus will also be on the Web3 ecosystem. Sequoia has ambitious plans for the region and...Read More
Huobi, the near-decade-old cryptocurrency veteran, has established a new investment arm, called Ivy Blocks, that will focus on supporting the growing ecosystems of decentralized finance and Web 3-based blockchain protocols. The official press release reads that the new feature will “focus on identifying and investing in promising blockchain projects to help unlock their growth potential,...Read More
According to a recent announcement, the London-based VC is targeting “long-term” investments in commerce and fintech firms. With the new funding, the firm is looking to double down on existing investments, as well as support emerging startups. It also plans on adding in new hires as partners, investors, and advisers. As far as environmental conservation...Read More
The venture capital and innovation incubator of Binance – Binance Labs – raised $500 million for its first start-up fund and intends to invest the sum into entities part of the Web3 ecosystem. Bullish on the Web3 Universe The multimillion fund was led by the American venture capital firms DST Global and Breyer Capital. Other...Read More
Former senior executives at the leading crypto exchange, Binance, recently unveiled a $100 investment fund targeted at investing in Web 3.0 and blockchain projects. According to a Thursday press release shared with CryptoPotato, the $100 million fund, dubbed Old Fashion Research (OFR), is a multi-strategy blockchain investment product founded in late 2021. It focuses on...Read More
Crypto wallet and gateway to blockchain apps, MetaMask has announced in a tweet that it will soon launch its mobile apps on the App Store as well as Google Play. In case you missed @mattleising’s article, #MetaMaskMobile is coming very soon! Register here to get notified when the app is available in the Apple App...Read More
