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Offchain Labs Inc., a provider of solutions to scale up the Ethereum blockchain, today announced that it has raised $120 million in funding to launch its Arbitrum One mainnet to the public. The Series B funding round was led by Lightspeed Venture …
TikTok owner ByteDance acquires VR headset maker Pico
ByteDance Ltd., the owner of short video sharing apps TikTok and Douyin, confirmed Sunday that it acquired the virtual reality headset maker Pico Interactive Inc. “Pico’s comprehensive suite of software and hardware technologies, as well as the talent and deep expertise of …
Firemaps raises $5.5M to protect California homes against wildfires
San Francisco-based startup Firemaps Inc. today announced the availability of its tech-driven solution to protect California homes against wildfires. To facilitate the launch, Firemaps raised $5.5 million in seed investment led by Andrew Chen, general partner at Andreessen Horowitz. Uber Technologies Inc. …
Permission.io integrates Google Cloud Marketplace for blockchain-based opt-in advertising
Permission.io, a provider of permission-based digital advertising, announced Tuesday that its blockchain validator and full node are available on Google Cloud Marketplace. With the company’s infrastructure, marketers can build distributed apps that ask permission and allow audiences to opt-in and reward them …
Bitcoin tech firm Blockstream raises $210M at $3B valuation
Blockstream Corporation Inc. said today it has closed a $210 million funding round that values the Canadian bitcoin infrastructure outfit at $3.2 billion. The Series B round was led by U.K.-based investment management company Baillie Gifford and Hong Kong-based iFinex Inc., the parent …
Fetch.ai launches platform for AI-generated collaborative NFT art
The Cambridge-based artificial intelligence lab Fetch.ai today announced the launch of its new AI-controlled nonfungible token art generation platform. Colearn NFT Art will allow users collectively to create and own NFT artwork generated by training a machine learning algorithm. More than 100 artists …
PayPal expands its cryptocurrency service to the UK
PayPal Holdings Inc. announced today the launch of a new service that will allow customers in the United Kingdom the ability to buy, hold and sell cryptocurrency within its app. According to the company, the new service will roll out this week …
Visa buys CryptoPunk NFT art for $150,000
Visa Inc. announced today that it spent $150,000 to purchase a piece of artwork represented by a nonfungible token named CryptoPunk 7610. The announcement was made by Cuy Sheffield, head of crypto at Visa, in a blog post who spoke to the …
Facebook announces ‘Horizon Workrooms’ VR remote work app
Facebook Inc. today announced the launch of the beta test of Horizon Workrooms, a virtual reality remote collaboration app that works on the company’s Oculus Quest 2 headset by providing virtual meeting rooms. Workrooms comes at a time when more teams are …
MobileCoin snags $66M for privacy-focused payments
MobileCoin Inc., a privacy-oriented cryptocurrency payments company focused on mobile devices, said today it has raised $66 million in funding to develop its payment system. Numerous investors joined the Series B round including Coinbase Ventures, Alameda Research, Berggruen Holdings, BlockTower Capital, General …