Tag: Firm

VC Firm Foresight Ventures to Plow Up to $200M in Web3 Startups Over 3 Years

Stephen

The Shanghai-based company told Blockworks it would invest in projects focused on building out Web3, NFT and blockchain infrastructure The budding firm invests in the primary and secondary markets through equity as well as digital tokens Crypto venture capital firm Foresight Ventures said it will invest hundreds of millions of dollars in Web3 startups and projects over a three-year horizon in a bid to capture a portion of the budding sector’s growth. In a statement shared with Blockworks on Wednesday, Foresight said it will set aside between $100-$200 million in…

SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’

Anthony B

Media organizations are always looking for new sources of revenue beyond selling ads against print copy. Hong Kong’s South China Morning Post appears to have found one in selling Non Fungible Tokens (NFTs) of its front pages from historical events, and has such confidence in the business that its spinning it off into its own division called Artifact Labs. Author: Sam Reynolds Source link

Blockchain forensics firm finds millions in sanctioned crypto wallet

Martin Young

Blockchain security and forensics firm Elliptic has been working with authorities to expose crypto wallets affiliated with sanctioned individuals or organizations. The United Kingdom-based company has discovered a wallet with “significant crypto-asset holdings” in the millions of dollars that may be linked to sanctioned Russian officials and oligarchs.  Speaking to Bloomberg on March 14, Elliptic co-founder Tom Robinson said that crypto could be used for sanctions evasion. However, it has been widely reported and generally accepted now that Russia is very unlikely to pivot to crypto assets to circumvent them.…

Crypto quant firm Gauntlet valued at $1B following Series B

Sam Bourgi

Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain’s biggest venture funds. The investment round was led by Ribbit Capital, a Palo Alto-based venture firm, with participation from existing investors Paradigm and Polychain Capital, Bloomberg reported Monday. Gauntlet said the funding will be used to hire additional workers and expand into new industry verticals, including gaming. Gauntlet was founded in 2018 by Tarun Chitra, a Wall Street executive who previously worked at multinational hedge fund D. E. Shaw.…

Romanian central bank approves blockchain firm Elrond to buy Twispay

Helen Partz

The National Bank of Romania has greenlighted an acquisition in the blockchain industry, authorizing the blockchain startup Elrond to acquire a payment processing platform. Elrond, a blockchain firm focused on distributed applications, received approval to purchase the electronic money institution Capital Financial Services, which acts under the brand Twispay, according to an announcement released on Thursday. Twispay provides an international payment solution supporting multiple fiat currencies and integrating various payment methods. The firm is a principal member of Visa and Mastercard, meaning that it directly participates in issuing cards and…

Venture firm Chapter One launches an incubator to give million-dollar checks to web3 startups – TechCrunch

Anthony B

Chapter One, an LA-based venture firm which recently announced a $40 million crypto fund, is looking for ways to differentiate itself in the crowded crypto VC world. Its newest effort is called Chapter One Studios, a six-month incubator program which will provide three crypto startups with million-dollar checks and in-house guidance toward realizing their visions. The firm, led by former Tinder product chief Jeff Morris Jr., has shifted from a more generalist vertical interest toward web3 obsession over the past several months, as early bets in crypto startups like Dapper…