Category: Web3

FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.” FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu FTX Trading Limited has announced […]

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Near Foundation Raises $150 Million to Bolster Web3 Adoption

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

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Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push

Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push

Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that metaverse projects are now having in the market. According to Dappradar, the activity on the game has risen considerably. This is also accompanied by the rise in the price of its native token, JEWEL, issued on top of […]

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NEAR Foundation’s new CEO on defining web3 and her return to the blockchain space

NEAR Foundation’s new CEO on defining web3 and her return to the blockchain space

Quick Take NEAR Foundation’s new CEO explains why she left banking for the blockchain world. From day one, her mission will be to define the NEAR protocol as the go-to place to build what’s increasingly being referred to as ‘Web3’.  This feature story is available to subscribers of The Block Daily. You can continue reading […]

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The dark side of the metaverse – harassments, assaults, sexism, child abuse and more

The metaverse has presented an opportunity for more aggravated online abuse, mostly targeting women and minors. Several users of metaverse platforms including Facebook’s have reported cases of online sexual abuse while others say their children are being exposed to inappropriate content. The age of the metaverse is well and truly upon us. Some of the […]

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Defi Portfolio Tracking Startup Debank Raises $25M From Sequoia China, Crypto.com, Circle

Defi Portfolio Tracking Startup Debank Raises $25M From Sequoia China, Crypto.com, Circle

The decentralized finance (defi) portfolio tracking startup Debank raised $25 million from investors according to an announcement on Tuesday. Following the equity financing round, Debank says it has an overall valuation of around $200 million. Defi Dashboard Debank Raises $25 Million 2021 was a good year for venture capital (VC) entering the crypto and blockchain […]

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Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month

Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month

Since November 9, 2021, or 46 days ago, transaction fees on the Ethereum network have been cut by more than half the rate they were on that day. At the time, the average fee to move ethereum was $62.84 per transfer and since then, the fees have dropped 62.85% to $23.34 per transaction. From $62 […]

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Tesla CEO Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization

Tesla CEO Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization

Tesla and Spacex CEO Elon Musk has explained why he’s pro dogecoin as the debate over web3, Ethereum, and decentralization intensifies. In the same conversation, former Twitter CEO Jack Dorsey insisted that he is not anti-ETH. “I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies,” he stressed. Elon Musk Shares Why He’s Pro Doge […]

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Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows

Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows

Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all […]

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