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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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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 and SBI Holdings' Digital Asset Joint Venture investment company will be established in the United Arab Emirates (UAE) and focus on firms in market infrastructure, risk and compliance, decentralized finance (DeFi) and tokenization, according to a Thursday email. Original Source
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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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The now-infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout. Speaking exclusively to Cointelegraph at the latest edition of the Solana Breakpoint conference hosted in Amsterdam, Solana co-founder and CEO Anatoly Yakovenko recalls his concern for
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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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With the initiative, early-stage projects will get fundraising and other support from the Solana Labs team. Solana Labs, the technology firm behind the Solana network, has announced the launch of a new initiative called Solana Incubator to help grow “the next great companies in the ecosystem.” 1/ Applications are now open to
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Cryptox Accelerator, a startup booster that leverages Cryptox’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups.Selected from over 1000 startup applications, the 16 participants of the second cohort of the Cryptox Accelerator program represent a wide array of Web3
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A panel at the PlanB conference in Lugano on Oct. 20 focused on efforts to drive Bitcoin (BTC) adoption in the city. The panel included Mayor of Lugano Michele Foletti, CEO of Tetragon Pavel Matveev and other leaders involved in PlanB — an initiative launched in September 2021 to make Lugano
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Cronos Labs has launched the third round of its $100 million accelerator program, designed to support early-stage crypto projects and promote innovation in the blockchain and artificial intelligence (AI) industries. The program acknowledges the possibilities that arise from synergizing AI and blockchain. It provides a platform for startups focusing on these domains
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