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$75M Blockchain Founders Fund II backs portfolio of P2E and Web3 projects
Even as crypto markets succumb to bearish pressure, venture capital funds are deploying millions of dollars into blockchain startups.
FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption
The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside…
Near Foundation Raises $150 Million to Bolster Web3 Adoption
On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement,…
Near Protocol raises $150M to promote Web3 adoption
Ethereum competitor Near Protocol raised funds for Web3 adoption, with Three Arrows Capital and Andreessen Horowitz supporting the PoS blockchain.
Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push
Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that metaverse projects are now having in the market. According to Dappradar, the activity…
Defi Portfolio Tracking Startup Debank Raises $25M From Sequoia China, Crypto.com, Circle
The decentralized finance (defi) portfolio tracking startup Debank raised $25 million from investors according to an announcement on Tuesday. Following the equity financing round, Debank says it has an overall…
Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month
Since November 9, 2021, or 46 days ago, transaction fees on the Ethereum network have been cut by more than half the rate they were on that day. At the…