Category: Blockchain

Celo Launches Web3 Africa Fund to Support Blockchain Startups

Celo, a mobile phone-focused blockchain platform, launched the Celo Web3 Africa Fund to support 250 projects in developing African blockchain-based projects. The fund will select 250 projects, and in addition to financial support, it will also provide business and technical guidance for potential projects. At present, the fund is open for application. The company said it would hold corresponding seminars in Kenya, Uganda, Ghana, and South Africa. It will help blockchain projects to be listed on decentralized exchanges. The Celo network has differentiated itself from other blockchains, enabling payments with its…

Multicoin Capital Injects $430m Venture Fund III for Blockchain Startups

Cryptocurrency investment firm Multicoin Capital has announced the launch of $430 million Venture Fund III to help startups focusing on decentralized autonomous organizations (DAOs), open finance, and Web3 infrastructure. In this round of funding, the firm said Venture Fund III would invest between $500,000 and $25 million in early-stage blockchain projects or companies, adding that it may invest up to 100 million US dollars or more in supporting mature projects with potential market influence in the future. Samani, managing partner at Multicoin Capital, commented on the latest move and said, “We…

Blockchain Gaming Stands Firm As Crypto Market Staggers

Investments in blockchain initiatives have been patchy, but GameFi is one industry that is sustaining development despite the market’s decline. The blockchain gaming industry has quietly weathered the storm better than other market segments, despite the fact that the majority of investors are focused on the most recent scandals involving centralized finance (CeFi) and decentralized finances (DeFi) Blockchain Gaming Triumphs The blockchain gaming sector has grown by 2,000% since the first quarter of 2021, according to a recent data by DappRader and BGA Games, and it now accounts for more…

Blockchain-based games see an uptick in users despite bear market conditions

Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate projects to stand out.  While most investors are focused on the latest CeFi and DeFi scandal, the blockchain gaming sector has quietly weathered the storm better than other niches of the market. Total number of unique active wallets interacting with smart contracts. Source: DappRadar As shown on the chart above, all sectors of the market have experienced a noticeable decline in active users, but the gaming sector has proven to be…

Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs

South Korean telecommunications giant SK Telecom has signed a joint agreement with other blockchain firms aimed at developing a digital wallet which can support cryptocurrencies, nonfungible tokens, and digital credentials. In a Monday announcement, SK Telecom said its blockchain arm would be collaborating with AhnLab Blockchain Company and Atomix Lab to develop and operate a Web3 wallet. According to the firm, it will be using Soulbound Tokens, or SBTs, to verify credentials seemingly including memberships and certifications in addition to being capable of storing digital assets. Atomix Lab will use…

NEOPIN signs strategic partnership with Cube Entertainment – Blockchain News, Opinion, TV and Jobs

NEOPIN, a one-stop crypto finance platform and blockchain subsidiary of NEOWIZ Holdings(KOSDAQ: 042420), announced on July 7th that it has signed a strategic partnership with Cube Entertainment (hereinafter “Cube”) to establish a global blockchain ecosystem. The two entities plan to cooperate in all areas of blockchain business and ecosystem through the exchange of information on blockchain technology, cooperation in service development, and marketing campaigns to expand into the global market. Cube, one of the largest entertainment companies in South Korea with top-notch artists such as BTOB, (G)I-DLE, and PENTAGON has…

Russian Sberbank Conducts First Digital Asset Trade on its Blockchain Platform

Sberbank, a Russian majority state-owned bank, announced on Saturday that it has conducted the first digital financial asset transaction on its own platform.  The lender said that through the use of its smart contract-based blockchain platform launched in March, it has carried out the first transaction, with its subsidiary, Sber Factoring, executing a 1 billion rouble (about $16 million) whose issuance is set to mature in the next three months. Sber plans to issue and circulate cryptocurrencies and other digital assets on the platform, which has been built with blockchain…

Blockchain.com May Suffer $270M in Losses for 3AC’s Insolvency

Cryptocurrency exchange Blockchain.com may suffer a total of $270 million in losses due to Three Arrows Capital’s inability to repay loans due to the bankruptcy and liquidation of Three Arrows Capital. Earlier, the embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy in the U.S. as it looks to preserve its assets in the country. The woes of Three Arrows Capital were ignited by the collapse of LUNA-UST which the company has a significant amount of exposure to. Three Arrows Capital has been ordered into liquidation…

Blockchain as the new internet planner

In my latest article “Crypto, like railways, is among the world’s top innovations of the millennium,” I compare the blockchain revolution to the railway boom. If we apply this analogy further, what’s going to happen next? Stuart Hylton in his book What the Railways Did for Us: The Making of Modern Britain cites this quote: “The direct effects of railway building are, after all, considerable enough in themselves to require no exaggeration. They profoundly influenced the internal flows of traffic, the choices of the site and the patterns of land…

Can Ethereum’s First Mover Advantage Solidify the Smart Contract Space Dominance? – Blockchain News, Opinion, TV and Jobs

Ethereum has now become one of the most widely blockchains of crypto, and its upgrade, also know as ‘the Merge’ will transition the blockchain from a proof-of-work consensus mechanism to the more efficient, more secure and less energy-intensive proof-of-stake method. The method will also be better for implementing new scaling solutions. The upgrade is badly needed now, as it will also be able to support Ethereum’s growing number of users. Is is meant to solve problems such as slower speeds and higher fees. So it makes sense to get this…