Tag: Launches

Kadena price soars by 40% after new protocol launches and a major exchange listing

Jordan Finneseth

In bull and bear markets, the mantra for cryptocurrency projects that are focused on long-term sustainability is “always be building.” Kadena (KDA) is one project that has earned rewards from its forward-looking approach to development despite the weakness in the wider crypto market and the layer-1 proof-of-work (PoW) blockchain protocol has seen its price reverse direction recently. Data from Cointelegraph Markets Pro and TradingView shows that the price of KDA spiked 40% from a low of $5.94 in the early hours on March 11 to a high of $8.28 as…

DeFi ‘Godfather’ Cronje quits, CAKE launches $100M venture arm and more

Prashant Jha

The decentralized finance (DeFi) ecosystem had quite an eventful week with several new developments and price action. The week started with DeFi “Godfather” Andre Cronje announcing his departure from most of his projects, leading to a massive drop in prices of projects that Cronje was associated with. CAKE DeFi launched a new $100 million venture fund to support Web3 initiatives, ThorChain spiked over 34% after activating synthetic assets and Polygon network suffered an extended outage post new upgrade that impacted its price momentum. DeFi “Godfather” Cronje quits as TVL and…

Princeton launches blockchain research initiative with $20M from crypto-alumni

Brian Newar

Prestigious Princeton University has launched an initiative to study the “decentralization of societal power” through blockchain technology in an effort to explore the vast depths of its social capabilities. For the launch, Bloomberg reported that Princeton’s Venture Forward campaign received $20 million in donations from high-profile alumni Peter Bridger from Fortress Investment, Ethereum co-founder Joseph Lubin, Pantera Capital CEO Daniel Morehead and Galaxy Digital’s Mike Novogratz. The initiative is designed to study the ways in which modern technology, especially blockchain, can interfere with and change social norms, just as other…

Bessemer Commits $250M to Web 3, Launches DAO

Anthony B

The firm has also launched BessemerDAO, a Web 3 community for founders, creators and operators. BessemerDAO is meant to connect members of the crypto community for idea sharing, business development and tokenomics. The effort won’t be decentralized at first with Bessemer partners making decisions for the DAO, but the firm plans for the effort to become decentralized over time. Author: Brandy Betz Source link

Blocknative Launches Web3-Onboard to Support Web3 Developers with Improved Data and UI for a Multi-Chain World | News

Anthony B

SAN FRANCISCO, March 10, 2022 /PRNewswire-PRWeb/ — Blocknative, the Web3 Transaction Orchestration company, releases Web3-Onboard, a major enhancement to the open-sourced enhanced toolkit that enables developers to easily integrate the top hardware and software crypto wallets with their decentralized applications (Dapp). Web3-Onboard with Notify enables dynamic crypto experiences by monitoring pre-chain events across multiple blockchains so crypto wallet users can be notified of transaction status in real-time. Over 50 million crypto users engage with Blocknative mempool intelligence through their wallets, while DeFi protocols, totaling over $30B in total value locked,…

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…

Cake DeFi launches $100M venture arm for Web3, gaming and fintech initiatives

Arijit Sarkar

Singapore-based decentralized finance (DeFi) services firm Cake DeFi announced the launch of a $100 million venture arm dedicated to serving as accelerators for Web3, gaming, nonfungible tokens (NFT) and other crypto initiatives. The newly launched $100 million venture arm, Cake DeFi Ventures (CDV), will fund crypto startups that complement the company’s core business. According to Cake DeFi, the venture firm “will be focused on investing in tech startups across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces.” Cake DeFi’s primary suite of services includes liquidity mining, staking…

Griffin Gaming Partners Launches $750 Million Gaming and Web3 Fund – Bitcoin News

Anthony B

Griffin Gaming Partners, a venture capital firm specializing in gaming-related investments, has revealed the launch of its second gaming-related fund. The fund, which was reportedly oversubscribed, managed to raise $750 million to support gaming initiatives, including Web3-based and blockchain endeavors. Griffin Gaming Partners has now amassed more than $1 billion AUM. Griffin Gaming Partners Raises Sizable Gaming-Related Fund Griffin Gaming Partners has announced the launch of its second gaming-related fund, which will focus on investing in seed and growth rounds of companies dedicated to building blockchain-powered or traditional…

VanEck Launches Crypto Mining ETF

Aoyon Ashraf

The largest weighting is Riot Blockchain (RIOT) at about 11%, followed by Hut 8 Mining (HUT) at 9.1%, Marathon Digital (MARA) at 8.3%, Iris Energy (IREN) at 7% and Canaan (CAN) at 6.5%. Rounding out the top 10 holdings are Hive Blockchain (HIVE) at 6.3%, Northern Data (NB2.GR) at 5.8%, Block (SQ) at 5.7%, Bitfarms (BITF) at 5.6%, and lender Silvergate Capital (SI) at 4.8%. Author: Aoyon Ashraf Source link