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The Born Ready fund will cut checks between $250,000 and $1 million per project, the team told Fortune in an interview. It has already deployed capital into a variety of companies, including high-tech sneaker startup FCTRY Lab, Web3 startup Power’d Digital, and blockchain gaming companies Polemos and Walker Labs. Born
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The Segregated Witness soft-fork activated in 2017 was a technical prerequisite for the Lightning Network, which has in turn grown to a capacity that has unleashed a subsequent wave of innovation. Similarly, Taproot (activated in November 2021) sets the stage for another wave. Of note is Lightning Labs’ Taproot Assets
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The OTC wallet where the tokens from Paradigm landed has a history of receiving MKR and transferring to Coinbase, Arkham data shows. Following Paradigm's $20 million transfer in March, a16z also sent a total of $11.7 million in MKR to the account early July, which then unloaded the tokens to
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The largest fundraises for the week belonged to metaverse startup Futureverse and RISC Zero, creator of developer tools for zero-knowledge proofs. Source
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Web3 was defined by Crunchbase as cryptocurrency and blockchain startups, which have been hit hard by the ongoing crypto winter. While VC funding has slowed overall, with Crunchbase reporting an 18% drop across all sectors in the second quarter of 2023, crypto-related funding has had a much steeper decline. Meanwhile
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“It doesn't matter what you know, where you come from, what your background is, where in the world you live – anyone can use our tools to create generative art,” said Lyall. “We really think that if Art Blocks is HBO, Prohibition is YouTube where anybody can upload [their work.]” Original
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“Infrastructure deals typically hold up well in crypto winter because they usually take longer to build the projects and also require much more talent, which is cheaper now,” said Gao. “On the other end of the barbell, we see that consumer apps, specifically gaming, continue to make up a large
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The firm's revenue sank in 2022 amid the wider downturn in the digital asset market, according to the report, citing a person familiar with its finances. Autograph has laid off more than 50 employees, Insider reported in May and the Times confirmed in its report. Source
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Brett Harrison’s new firm, Architect, aims to be an one-stop platform for institutional-grade crypto trading. Source
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Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem, with market research reflecting a massive slant towards non-Bitcoin investments by venture capitalists over the past five years.Blockstream CEO Adam Back highlighted the juxtaposition between the lack of venture investment in Bitcoin in comparison to its dominance
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