Tagged: Web3

September 13, 2022 @ 8:00 am By Omar Faridi  |  

Fetch-ai Network has reportedly on-boarded 40,000 unique users and claims that it’s rapidly scaling its network usage. Fetch-ai Network’s announcement “comes on the heels of its $150 Million Development fund with MEXC Global and ByBit.” Fetch-ai Network’s unique technology called Autonomous Economic Agents (AEA) which… Read More

September 11, 2022 @ 11:24 pm By Omar Faridi  |  

Mysten Labs, a web3 infrastructure company and developer of the Sui Layer 1 blockchain, announced the initial close of its $300 million Series B funding round. This new capital “values the company at more than $2 billion.” The company intends “to use the proceeds from… Read More

September 8, 2022 @ 1:52 pm By Omar Faridi  |  

CryptoKitties was arguably the first project to bring NFTs into the mainstream, the team at Juniper Research noted in a comprehensive report. Launched in 2017, CryptoKitties featured an on-chain game “enabling users to breed digital cats together to produce new cats of differing rarity and… Read More

September 4, 2022 @ 2:31 pm By Omar Faridi  |  

So far in 2022, $2,338,910,183 billion has been “lost to various scams and exploits in the Web3 world and a total of ~377 attacks recorded this year,” according to an update shared by CertiK. Just like in July, August has “seen the same number of… Read More

August 31, 2022 @ 8:12 pm By Omar Faridi  |  

The team at RedStone is pleased to announce that in August 2022, they successfully raised a $7M seed round led by Lemniscap in order “to pursue [their] mission of powering Web3 innovation with a novel approach to on-chain data storage.” The funds will play a… Read More

August 30, 2022 @ 7:58 pm By Omar Faridi  |  

Data monetization allows social media websites and tech giants across the globe “to accumulate significant revenue from user’s personal information,” according to an update shared with CI. Facebook, for example, earns “up to US$900 per year (£670) by selling each user’s personal information to other… Read More

August 29, 2022 @ 11:07 pm By Omar Faridi  |  

Ledger, the hardware and software security company focused on crypto and Web3, recently revealed that they’ve integrated Filecoin into Ledger Live Desktop. Ledger explained that Filecoin is powering a “decentralized” Internet “where storage is owned and operated by its users.” We just integrated @Filecoin into… Read More

August 29, 2022 @ 8:30 am By Omar Faridi  |  

SolanaFM, a Solana blockchain explorer offering indexing and analytical services, recently announced that it has “secured $4.5 million in a seed funding round led by SBI Group’s Digital Asset Opportunity Fund.” The seed funding round that was led by SBI Group’s Digital Asset Opportunity Fund… Read More

August 27, 2022 @ 4:41 pm By Omar Faridi  |  

Liminal, a wallet operations infrastructure, extended its existing partnership with Polygon to offer staking “within the digital wallet platform.” Digital asset holders may now “benefit from the security of Liminal’s self-custody wallets along with the earnings potential of staking on Polygon.” Furthermore, with this announcement… Read More

August 25, 2022 @ 1:37 am By Omar Faridi  |  

The developers of Boson Protocol are pleased to announce the introduction of Boson Protocol v2, which is described as “the breakthrough technology enabling digital to physical redemption without intermediaries is launching on Polygon.” Polygon is an Ethereum scaling platform that “enables developers to build scalable… Read More

August 24, 2022 @ 11:34 am By Omar Faridi  |  

In a recent interview, Michael Shaulov, Co-founder & CEO of Fireblocks– a digital asset and crypto technology provider – offered his insights into what’s happening now with DeFi, banking, and Web3. Fireblocks, which claims to be the #1 provider of digital asset and crypto custody… Read More

August 22, 2022 @ 8:39 pm By Omar Faridi  |  

W3 Storage Lab, a Web3 “decentralized” application company, announced that it closed a pre-seed financing round of $3 million. The investment round was “co-led by Draper Dragon and OKX Blockdream Ventures with major participation from Lingfeng Capital and participation from other investors.” Proceeds from the… Read More

August 22, 2022 @ 2:18 pm By Omar Faridi  |  

Web3 venture studio SuperLayer is announcing a $25 million fund “led by anchor investor and strategic partner Polygon, an Ethereum scaling platform onboarding millions to Web3.” SuperLayer is “a Web3 venture studio founded by early pioneers in blockchain, gaming, and social tokens who are applying… Read More

August 18, 2022 @ 8:17 pm By Omar Faridi  |  

Shima Capital, a global venture firm that invests in early-stage blockchain companies across all market cycles, announced that it has launched its debut fund, Shima Capital Fund I and has “collectively raised $200 million.” The Fund received significant “support from notable investors including Dragonfly Capital,… Read More

August 16, 2022 @ 1:25 am By Omar Faridi  |  

Pastel Network, a purpose-built blockchain and protocol standard for non-fungible tokens (NFTs) and Web3 technology, is teaming up with Parity Technologies. The integration will “enable both native parachains and decentralized applications across the Polkadot ecosystem to leverage Pastel’s powerful technology, providing added security for projects… Read More

August 16, 2022 @ 12:22 am By Omar Faridi  |  

Datawisp, a no-code data exploration platform focused on web3 and gaming, has raised $3.6 million in funding. The seed investment round was “led by CoinFund, with participation from Spartan Capital, Mirana Ventures, Dweb3 Capital, and existing investors Play Ventures.” For most businesses, the ability to… Read More

August 12, 2022 @ 10:20 pm By Omar Faridi  |  

The 1inch API continues to expand in the DeFi space, “now strengthening the swapping functionality of the KuCoin Wallet, focused on opening the gateway to Web3 world to its users.” As noted in an update shared with CI, the 1inch Network confirmed that the 1inch… Read More

August 12, 2022 @ 7:19 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, has made “a strategic investment in Web3 infrastructure provider Ankr.” The funds will go toward “ramping up the work on Ankr’s remote procedure call (RPC) service and building out its Web3 developer suite.” Ankr has… Read More

August 9, 2022 @ 12:09 pm By JD Alois  |  

Fortress Blockchain Technology has raised a $22.5 million seed round to pursue its vision for B2B infrastructure for Web3. Fortress Blockchain was founded by Scott Purcell, the individual who founded the successful custody and infrastructure Fintech – Prime Trust. The funding was led by Ayon… Read More

August 7, 2022 @ 7:05 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, led the seed funding round of Lifeform, which is described as “a disruptive decentralized visual digital identity (DID) solution provider.” The fund will aim to “empower the next billion Web3 users with decentralized digital citizenship.”… Read More