Category: Blockchain

Rusk Media Raises $9.5m for Blockchain-Based UGC Gaming

Indian-based digital entertainment startup Rusk Media has pulled the sum of $9.5 million in a Series A extension funding round. The startup revealed that the funding round enjoined participation from existing investors InfoEdge Ventures (IEV), Mistry Ventures, and Survam Partners participating in the round. The funding round was led by Seoul-based DAOL Investment and Audacity Ventures. While not a traditional blockchain gaming startup, Rusk Media has plans to develop a user-generated content (UGC) social gaming platform using the new capital. Mega-firms like Roblox are currently popularizing the UGC gaming platform,…

Top Companies Globally Poured $6B Investment Into Crypto And Blockchain Firms

The emergence of cryptocurrency and its technology has created a robust and attractive force over the past few years. With the high possibility of blockchain technology, a lot of the world’s giant companies have shown their interest. This is due to the enormous advantages and applications that come through the innovative technology of blockchain. Also, in most cases, it provides a security measure in protecting sensitive information. Moreover, the investment benefits from blockchain technology are quite massive compared with those of traditional ventures. Investors could reap a yield of over…

Fortnite developer supports Animoca subsidiary’s blockchain racing game

Australian indie game developer Grease Monkey Games, a subsidiary of Animoca Brands, has received received financial support from video-game giant Epic Games to develop a new blockchain-based motorsport game Torque Drift 2 Receiving an Epic MegaGrant from the Fortnite developers, the funding will be used to develop the motorsport title, which is based on drifting. The Unreal Engine is a 3D computer graphics game engine developed by Epic Games, which has been used in many industries after it was first showcased in the 1998 game Unreal.  According to an Aug.…

Blockchain venture capital funding down over 43% in July: Report

Typically a lagging indicator of the sector’s health, the explosion of venture funding in the blockchain sector in 2021 and the first half of 2022 appears to be cooling off after seven consecutive sectors of growth. According to Cointelegraph Research, inflows in the blockchain venture capital market have declined by 43% month-on-month in July 2022. The Web3 sector, including GameFi and the Metaverse, continues to command the lion’s share of investor interest. But, the decline in capital inflows should be viewed in context as the numbers are close to the…

Tell Us What You Know About Crypto and Blockchain Education

The CoinDesk team is going deep into hard data to determine the “2022 Best Universities for Blockchain,” our third annual ranking. We are asking for impressions and opinions from employers, workers, academics and students about what they see, feel and know is happening in universities around the world. Please take a few minutes to fill out our opinion survey. All responses are due by Sept. 7. Source link

Blockchain VC Shima Capital debuts with $200M Web3 fund

Shima Capital, a new venture firm focused on early-stage blockchain projects, has launched its debut fund to support emerging digital asset companies — and has received considerable backing in doing so. The Shima Capital Fund I raised a combined $200 million from several high-profile crypto investors, including Dragonfly Capital, Animoca Brands and OKX, the company announced Wednesday. The fund is set to deploy between $500,000 and $2 million in pre-seed funding for crypto- and blockchain-focused companies at the intersection of consumer products, decentralized infrastructure and futuristic blockchain technology. In particular,…

BBC Chair Linked to Russian-sanctioned Subsidiary Blockchain Platform

Chairman of the British Broadcasting Corporation (BBC), Richard Sharp, has been shown to have ties with Vladimir Potanin, one of Russia’s richest men.  While there has been no direct indictment for the business relationship between Sharp and Potanin, the link has stimulated media, considering the fact that Potanin has now been placed under various sanctions for supporting the Russian regime. Potanin is not just an ally of Russian President Vladimir Putin but also one of those men in his inner circle. Potanin has even been seen playing hockey with Putin…

Animoca Brands and Lympo partner with Play Magnus Group on chess-inspired blockchain game “Anichess”

Animoca Brands and its subsidiary Lympo, a leading global sports NFT ecosystem, announced today that they are developing Anichess in partnership with Play Magnus Group (PMG), a global leader in the chess industry that offers entertainment and e-learning services via its chess market brands. Anichess is a blockchain-based chess game with a play-and-earn ecosystem, and when it launches in 2023 it will merge the worlds of chess and GameFi to create superior gaming experiences. Play Magnus Group, founded by Magnus Carlsen in 2013, the same year he became a World Chess Champion, is focused on delivering the best…

Launching a blockchain to be as easy as deploying a smart contract

Developers and communities will be able to deploy their own sovereign, custom-made blockchains at the “click of a button” says Celestia co-founder Ismail Khoffi.  Speaking with Cointelegraph at Korean Blockchain Week 2022 last week, Khoffi said that the project’s vision is to decouple the consensus and application execution layers to unlock new possibilities for decentralized app builders. Celesita is basically a stripped back minimalist layer one blockchain that offers users the infrastructure that makes it easy to deploy their own blockchain, or layer two rollup. in the future, we’ll all…