While multi-billion dollar disasters like FTX would lead a reasonable person to believe that the cryptocurrency industry is dead or dying, the unfortunate truth is that it’s doing just fine. Not only has Bitcoin’s market price been on a familiar rollercoaster ride lately, but droves of crypto believers have, in recent weeks, proven themselves willing … Read more
Sorare is not completely shuttering its New York office but is shifting more employees to Paris Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s Paris headquarters to improve communication and efficiency, … Read more
Amid the speculation and volatility in the casino-like crypto land, there remains a subset of individuals who espouse blockchain’s potential to decentralize various aspects of human activities for the greater good. Taiko‘s founder Daniel Wang is one of these idealistic founders. A serial entrepreneur, Wang initially wanted to bring decentralization to social platforms. Decentralized networks … Read more
Ernest Cline, the bestselling author of Ready Player One, apparently never learned the lesson of his own book. The novelist—whose sci-fi hit depicts a dystopian world in which people forego societal engagement for the illusory pleasures of a Matrix-like video game world—has decided to launch his own “metaverse” platform that will be used to recycle … Read more
Despite the ongoing regulatory crackdown on the crypto industry and the collapse of some of its poster children, the underlying decentralized technology continues to drive internet incumbents into the web3 space. Telegram and Line, two of the world’s most popular messengers with hundreds of millions of monthly users, have both been integrating crypto features in … Read more
LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in South Korea, to expand its web3 platform. The new funding comes nearly a year after LineNext released its browser-only beta service — consumer-to-consumer(C2C) marketplace launched on its … Read more
During the Staking Summit in Istanbul, a conference attended by hundreds of individuals involved in the staking practice of the crypto ecosystem, two exhibition booths stood out. They belonged to Tencent and Huawei. Amidst a backdrop dominated by twenty-somethings clad in trendy company hoodies and giving out well-designed merchandise, the two Chinese tech giants appeared … Read more
Sam Bankman-Fried may be headed to prison but the story of FTX is far from over. Indeed, like an evil spirit, the exchange seems destined to haunt the crypto community for the rest of its days. The Biggest Crypto Heists of 2022…So Far Not only has the company’s downfall shattered faith in what was once … Read more
Few VCs are experts in machine learning or building deep learning frameworks, but most of them are pretty good with unit economics. Which is why they’re laser-focused on generative AI’s tech stack. Whether it’s infrastructure, middleware, applications or something else, investors are looking for founders who can dig defensible moats and dominate. Full TechCrunch+ articles … Read more
As cryptocurrencies rise and fall, there’s one quantity that simply retains going up. Every time anyone loses cash to a crypto rip-off or hack, the Grift Counter on Molly White’s weblog, Web3 Is Going Simply Nice, spins greater and better. Just lately it ticked over $12 billion. White began the weblog in December 2021 out … Read more