Kyt Dotson
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Zebedee raises $35M to power blockchain payments in virtual worlds and games
Zebedee Inc. today said it has raised $35 million in new funding led by Kingsway Capital to grow its bitcoin-powered payments ecosystem for developers to add “programmable money” to games and virtual worlds. Using Zebedee’s platform any developer can add cryptocurrency micropayments into their games with low transaction speeds and extremely low fees. The Series ...
Microsoft’s Project AirSim creates metaverse to train autonomous flying drones
Microsoft Corp. today announced the launch of Project AirSim, a powerful physics simulator that replicates the real world in 3D digitized environments to train autonomous aerial drones quickly and safely. The best way to train autonomous vehicles is in the field, where the artificial intelligence experiences the same conditions that it will encounter day in ...
Circle discloses detailed report of reserves for its USDC stablecoin
Circle Internet Financial Inc. today released a detailed breakdown of its USD Coin holdings for the first time in an action designed to provide greater transparency and trust for the stablecoin issuer. The report, published in a blog post, revealed that as of June 30, Circle held $55.7 billion in reserves that were comprised of ...
Former Meta employees seek to resurrect Diem with Aptos blockchain amid struggling crypto markets
Diem, Facebook parent company Meta Platform Inc.’s doomed crypto payment project met an untimely end at the start of 2022 after years of attempting to gain regulatory acceptance, its assets were sold off, including the blockchain technology that supported it. Unwilling to accept this fate, ex-Meta veteran employees Mo Shaikh and Avery Ching founded the ...
Cloud-first operating system Chrome OS Flex emerges from beta for Macs and PCs
Google LLC today announced that Chrome OS Flex, a cloud-first operating system for Macs and PCs, is now out of beta and available to scale across enterprise fleets. As devices and networks age, they begin to slow down, especially as more applications are added, updates build up and hardware falls behind the times. This bloat ...
Gnosis Safe rebrands as Safe and raises $100M for digital asset management
Digital asset management platform Gnosis Safe announced today that it has raised $100 million in a token sale and rebranded as Safe as the community voted to split from its parent company Gnosis Ltd. The funding was led by 1kx and other investors participating in the round included Tiger Global, A&T Capital, Blockchain Capital, Digital ...
Paladin Cloud raises $3.3M to launch cloud-native security-as-code platform
Paladin Cloud, an enterprise-grade, cloud-native and open-source security platform, today announced it launched with $3.3 million in seed funding led by Okapi Ventures and Bowery Capital. SaaS Ventures, Touchdown Ventures, Samsung Next, T-Mobile Ventures and UST also participated in the funding round. The company describes itself as a “security-as-code” model that is designed to give ...
Crypto lender Celsius Network accused of fraud in lawsuit
Cryptocurrency lending platform Celsius Network LLC has been accused of fraud and acting as a “classic ‘Ponzi scheme’” in a lawsuit filed by Jason Stone, the chief executive of KeyFi Inc. The lawsuit comes at a time when Celsius is facing continuing problems after it had to suspend withdrawals during a downturn in the crypto ...
Web3 gaming startup Planetarium Labs raises $32M led by Animoca Brands
The Web3 gaming startup Planetarium Labs announced late Wednesday that it has raised $32 million in new funding led by Animoca Brands to build the next generation of games governed by the communities that play them. Krust Universe, the investment arm of South Korean tech giant Kakao, WeMade, the publisher of the play-to-earn game “MIR4,” ...
Reddit announces storefront for limited-edition blockchain collectible avatars
Reddit Inc., which runs the “front page of the internet,” announced today that it’s launching an upcoming storefront that will bring limited-edition series of blockchain-based Collectable Avatars that users can use to express themselves on the social media site. Customizable avatars, cartoonish portraits that stand in for profile pictures, were introduced to Reddit in 2015 ...