Thursday, March 28, 2024
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Venture capital exec says ‘lack of innovation’ drives funding away from crypto

Compared to 2022, where the first and second quarters of the year saw a combined $20.3 billion flow into the space through VC funding, 2023 has been significantly lacking. Venture capital funding for the crypto space has significantly declined this year. In the first quarter of the year, around $2.6 billion

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Nomura, CoinShares, Ledger joint venture Komainu wins Dubai crypto license

Komainu, a joint venture between leading Nomura, and crypto firms CoinShares and Ledger, received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). The United Arab Emirates (UAE) has opened its door to crypto innovations, supported by federal grants and pro-crypto regulations that aim to nurture entrepreneurs. Attaining a

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Crypto grants foster innovation amid venture capital exodus

As the bear market keeps slashing venture capital investments in the crypto industry, alternative funding options, such as grants, have been gaining traction as a means of supporting the community while enabling the growth of established projects. According to Blockchain Grants, at least 40 crypto projects are currently offering grants for

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Multicoin Backer L1 Digital Raises $152M for Second Crypto Venture Capital Fund

L1D is registered with FINMA, Switzerland's independent financial markets regulator, and manages one alternative investment fund plus the now two venture capital funds, which are backed by professional and institutional clients, including Swiss pension funds, family offices, wealth managers and banks. Founded in August 2018, L1D has had experience with

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Futureverse co-founders launch $50M venture fund

Shara Senderoff and Aaron McDonald, co-founders of artificial intelligence and metaverse company Futureverse, have launched a new $50 million venture fund and studio.According to an Aug. 3 announcement, the fund is dubbed “Born Ready” and will invest in emerging technology ventures possessing collaboration potential with either Futureverse or metaverse blockchain

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