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Coinbase NFT marketplace with social networking is now live in beta
Cryptocurrency exchange Coinbase Inc. today announced the long-awaited launch of its social marketplace for nonfungible tokens called Coinbase NFT, which will allow anyone to view the market and make it available to a select number of customers to buy and sell NFTs. The marketplace is now available in beta test mode after being announced in ...
Blockchain platform BlockApps raises $41M to build enterprise-grade infrastructure
BlockApps Inc., an Ethereum-based blockchain platform focused on enterprise-grade infrastructure, today announced it has raised $41 million in new funding led by Liberty City Ventures to expand the development of its ecosystem and business solutions. The funding round was joined by new investors Morgan Creek Digital, Eidetic Ventures and Givic. Existing investors ConsenSys, Bloccelerate, Fitz ...
How Meta is using AI to focus on more sustainable technology
Meta Platforms Inc., formerly Facebook, which has been working to use machine learning technologies to combat climate change and increase the efficiency of industrial systems, today outlined a number of approaches it’s taking using artificial intelligence to tackle these issues and develop elegant engineering solutions. The Open Catalyst Project represents one of these initiatives, a partnership ...
Oasis.app raises $6M to expand Web3 decentralized finance platform
Oasis.app, a decentralized finance platform that allows users to borrow, exchange and earn on their cryptocurrency assets, said Thursday that it has raised $6 million in an early funding round led by Libertus Capital. The Series A funding round included crypto-focused investor Road Capital and was received in both cash and cryptocurrency. Oasis.app provides a ...
Elon Musk offers to buy Twitter for $43B but its board fights back
Updated Tesla Chief Executive Elon Musk tendered an offer to buy Twitter Inc. today mere days after he turned down a seat on the social media giant’s board of directors. “I made an offer,” Musk (pictured) announced in a tweet, citing papers filed with the Securities Exchange Commission on Wednesday. According to the filing, Musk ...
Meta plans to take a 47.5% cut of metaverse items sold in Horizon Worlds
It looks like creating metaverse items in Meta Platforms Inc.’s Horizon Worlds won’t be as lucrative as it seemed after the company revealed that it will be taking a 47.5% cut from digital asset sales. Meta initially announced its intent to monetize items in its virtual world app in a blog post on Monday. That ...
Stablecoin issuer Circle raises $400M and deepens partnership with BlackRock
Circle Internet Financial Inc., cryptocurrency services provider and issuer of the stablecoin USD Coin, said today that it has raised $400 million in new funding and inked a partnership with BlackRock. The funding round included investments from multinational investment firm BlackRock Inc., advisory firm Fidelity Management and Research, London-based hedge fund Marshall Wallace LLP and ...
Elon Musk abandons plans to join Twitter’s board
Elon Musk, chief executive of Tesla Inc. and currently the largest shareholder of Twitter Inc., has dropped his plans to join the company’s board of directors after being offered a seat, Twitter CEO Parag Agrawal said late Sunday evening. This news follows a dramatic week after Musk (pictured) raised a 9.2% stake in Twitter and said he ...
NFT ‘report card’ startup FungyProof raises $1M in pre-seed funding
FungyProof, a startup that provides quality assurance report cards for nonfungible tokens, announced Thursday that it has raised $1 million in pre-seed funding to develop its platform further and hire more staff. Investors in the company included Cadenza Ventures, Hypersphere Ventures, ZMT Capital, Red Beard Ventures and HanDAO, a creator-focused decentralized organization. Nonfungible tokens are ...
Virtual world startup Improbable raises $150M to build Web3 metaverse products
Virtual world simulation startup Improbable Ltd. said today it has raised $150 million in new funding to establish a new project that will allow businesses to build distributed blockchain-enabled virtual worlds called M2. Pronounced “MSquared,” the new technology allows brands and creators to create their own interoperable metaverse products that seamlessly interconnect virtual worlds. It ...