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ARK offloaded 201,047 GBTC shares from its Next Generation Internet ETF (ARKW), according to an emailed update. The shares were valued $6.03 million based on Friday's closing price. GBTC remains the largest holding of ARKW, with a weighting of 9.97% worth about $132 million. Original Source
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With the launch of the $285 million investment fund, Lightspeed Faction aims to be a collaborative partner, assisting projects in achieving their goals. Lightspeed Faction, a United States-based venture capital firm, has announced the launch of a $285 million venture fund aimed at supporting blockchain projects with potential. According to an official
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Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated.At Faction, no entrepreneur will ever have to answer: "why
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Faction, a joint venture with a $25 billion asset-under-management VC firm Lightspeed Venture Partners, typically invests in seed-stage and Series A funding rounds. The firm has investments in Crossmint, Lens, Narya.ai, Skip.money and Matter Labs, the development team behind the zkSync layer-2 network atop Ethereum. Source
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SC Ventures, the fintech investment arm of British bank Standard Chartered, will establish a “Digital Asset Joint Venture” investment company in the United Arab Emirates (UAE) in partnership with a Japanese financial conglomerate, SBI Holdings. In the press release from Nov. 9, Alex Manson, the CEO of SC Ventures, revealed the
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Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on the Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network.Wang Fang, the founder of Linekong, said in a Nov. 8 tweet that the fund, dubbed “BTC Next,” will be
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Ninety Eight, recently rebranded from Coin98 Finance, intends to offer web3 developers with tools and funds to build on its new layer blockchain Viction and utilize its native token $C98. In a bid to mark a new milestone of rebranding from Coin98 Finance to Ninety Eight ($C98) and to empower a
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OpenAI says it will cover the legal costs for business-tier ChatGPT users that find themselves in hot water over copyright infringement.OpenAI is calling its pledge Copyright Shield which only covers users of its business-tier ChatGPT Enterprise and its developer platform. OpenAI isn’t covering users of the free and Plus ChatGPT
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Smart contract platform Llama has raised $6 million in seed funding from Founders Fund and Electric Capital, with other investors including Sandeep Nailwal, the co-founder of the Polygon blockchain, and Stani Kulechov, the founder of lending protocol Aave. Source
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Andreessen Horowitz, to date, is arguably one of the most prolific investors in the blockchain space. Andreessen Horowitz (a16z) is reportedly planning to raise a $3.4 billion fund that will be designated for early-stage and seed-stage crypto businesses. The development was shared by Axios, which also cited other sources. According to Axios,
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