Cryptocurrency Analysis and News Portal
Decentralized finance (DeFi) project Hubble Protocol has raised $10 million in funding ahead of its mainnet launch later this month. Hubble will use the capital to expand its team and DeFi project offerings.Investors in the funding round included Three Arrows, DeFiance Capital, Delphi Digital, Digital Currency Group (the parent company
Read More
Say a trader purchases $1,000 worth of the Squeeth tokens. If the price of ether triples from $3,000 to $9,000, the Squeeth would go up triple-squared, or 9-fold – to $9,000 in this example. On the contrary, if ether halves to $1,500, Squeeth will see a less-than-linear decline, as represented
Read More
Nonfungible token (NFT) protocol Metaplex has concluded a $46 million token sale to support its strategic pivot into metaverse applications — offering further evidence that existing blockchain networks were looking to capitalize on advances in Web3 technology. The token round was co-led by venture firms Multicoin Capital and Jump Crypto, with
Read More
“We believe the metaverse will be open, censorship-resistant and globally accessible,” Sergey Vasylchuk, director of the Metaplex Foundation, said in a press release. “In this metaverse, Metaplex will serve as a common protocol and NFT standard to empower the next wave of decentralized commerce, social and gaming experiences.” Original Source
Read More
The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
Read More
London-based venture capital (VC) firm Blossom Capital has raised $432 million to invest in early-stage technology startups in Europe, including crypto, according to a Bloomberg report published on Tuesday.The VC has earmarked one-third of the funding for crypto investment, according to the report.“We aren’t looking to just invest in crypto
Read More
Chingari, an Indian short video platform akin to TikTok, has raised $15 million in a funding round led by Republic Capital, the private venture arm of investment firm Republic, according to a report by an Indian business news outlet.Crypto exchange OKEx also made a strategic investment in the company. Chingari's
Read More
nCore co-founder Vishal Gondal is however optimistic that Web 3 products can make inroads through additional incentives on offer. "Currently when you’re playing a game, the maximum upside for you was to become part of some community. Now while you’re playing the game, you also have the chance to own
Read More
Konami, a Japanese game developer and software publisher, raised more than $160K in its first foray into the non-fungible token (NFT) scene. This was the result of an NFT auction related to the 35th anniversary of Castlevania, one of its most popular franchises. The end result contrasts with what other
Read More
A carpet presented by the United Arab Emirates as a gift to the head of the Catholic Church a few years ago has been sold in the form of NFT. While the original remains in the Vatican, its digital representation has been successfully used to collect funds for the people
Read More