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Lu said the fund is oversubscribed, and he doesn’t want it to grow too large because Web 3 companies look for smaller rounds. They might be raising only $1 million or less, Lu said, and average check sizes could be in the range of $250,000. The fund is already 30%
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NFT (non-fungible token) development platform Pixel Vault has closed a $100 million funding round, the startup announced on Wednesday.The company said that the investment by Velvet Sea Ventures and 01A would enable it to launch a "multi-franchise NFT development platform," enabling creators and collectors to own digital content.“Pixel Vault projects
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The Bitcoin (BTC) daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming from derivatives markets. At the moment, the futures and options markets are showing a lack of confidence from Bitcoin pro traders, but there's a positive spin to the data.Bitcoin price
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Digital assets are growing more commonplace on the balance sheet of banks in the U.S. Eventually one of these institutions may fail, and the Federal Insurance Deposit Corporation (FDIC) will need to step in to clean things up.Cue Anchorage, a digital assets custodian, and the first crypto startup to receive
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Fresh capital and talent injection to expand platform’s offerings for mobile game developers Led by renowned investors like Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital, Colizeum, the blockchain-based mobile gaming eSports ecosystem, has closed an $8.4 million round during its latest fundraising drive. Other prominent industry leaders, including TPS
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Chicago-based crypto exchange FTX US has reached an $8 billion valuation following new funding.According to Reuters on Wednesday, the American affiliate of FTX closed a $400 million funding round led by SoftBank Group Corp, Temasek Holdings, Paradigm and Multicoin Capital.FTX US president Brett Harrison said that this development puts their firm
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Ethereum declined heavily below the $3,250 support against the US Dollar. ETH price tested $3,000 before it attempted an upside correction. Ethereum started another decline and traded below the $3,150 support zone. The price is trading below $3,250 and the 100 hourly simple moving average. There was a break above a key bearish
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Venture Fund II differs from Maven 11′s first fund in being closed-ended and having a wider group of backers, including wealthy individuals, crypto entrepreneurs, family offices and institutions. The new fund has already deployed investments into gaming-focused DAO Merit Circle, lending platform Maple Finance, layer 1 blockchain Anoma and DeFi
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Ethereum reacted to the downside and retested $4,050 against the US Dollar. ETH must recover above $4,250 and $4,300 to start a steady recovery wave. Ethereum started a fresh decline from the $4,350 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key
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Electronic music performers The Chainsmokers and the rapper Nas also provided funding, which comes less than three months after the Justin “3LAU” Blau venture closed a $16 million round. Nov 22, 2021 at 8:17 p.m. UTCUpdated Nov 22, 2021 at 9:05 p.m. UTCJustin Blau, the founder of the NFT music
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