Category: Blockchain

Pantera to close Blockchain Fund soon after raising $1.3B — double the target

Crypto hedge fund giant Pantera Capital is set to close a blockchain fund next month that is backed by around $1.3 billion worth of capital. The Pantera Blockchain Fund was announced in May last year, with plans to raise $600 million to invest in early-stage tokens, venture equity, Web3 firms and tokens with strong liquidity. It has since surpassed that target significantly, with the firm revealing last month that the fund had topped $1 billion. The latest $1.3 billion figure was noted during an April 12 investor conference call regarding…

Tesla, Blockstream and Jack Dorsey’s Block Team-up to Mine Bitcoin Sustainably – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Blockstream, Jack Dorsey’s Block (formerly Square) and Tesla have teamed up to mine Bitcoin sustainably using renewable energy. They have announced that they are working on a solar and battery powered Bitcoin mine in Texas that uses solar and storage technology from Tesla. Adam Back, the CEO of Blockstream said, “this is a step to proving our thesis that Bitcoin mining can fund zero-emission power infrastructure and build economic growth for the future.” This can also have a huge impact on…

Crypto Raiders explains how blockchain gaming attracts new users to Web3

At the height of the nonfungible token (NFT) rally in 2021, Sky Mavis, the creator of Axie Infinity, rolled in like the Trojan horse and coined the term play-to-earn (P2E) for blockchain games. Axie Infinity grew in popularity after amassing a $3 billion valuation and it steadily onboarded millions into Web3. According to Axie Infinity co-founder Aleksander Larsen, roughly 50% of Axie Infinity’s daily active users (DAUs) had never had a cryptocurrency wallet until they began playing. As a result, the Web3 ecosystem perked up at the prospect of utilizing games…

New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain

The TON Foundation, an organization building on the Telegram-initiated blockchain project, The Open Network (TON), has chosen the TONcoin Fund as its official ecosystem fund. The TONcoin Fund announced on Monday the launch of an ecosystem fund focusing on supporting TON-based projects, securing an initial collective commitment of up to $250 million from major firms within the industry. The fund has earned the title of the TON Foundation’s official incubation partner, meaning that they will support the fund’s portfolio investments. The fund’s contributors included firms like Huobi Incubator, Kucoin Ventures, MEXC…

Investcorp Rolls out First Institutional Blockchain Fund in the Gulf

Investcorp, a global manager of alternative investment products, has launched the first institutional blockchain fund in the Gulf Cooperation Council (GCC) aimed at propelling a blockchain-powered digital evolution. Dubbed Lydian Lion, the blockchain fund also has a global investment mandate. It will be mainly rolled out to early-stage companies within the blockchain ecosystem in areas like data analytics, decentralized finance, platforms and exchanges, and blockchain infrastructure. Gilbert Kamieniecky, the head of Investcorp’s technology private equity business, noted that the fund would be a stepping stone towards more innovations in the…

Explore Phemex Universe and Win NFTs! Navigate the Future of Blockchain With Singapore’s Top Cryptocurrency Exchange

When asked about what the future looks like, many people may mention sci-fi dystopian movies such as “The Matrix” or “Ready Player One.” As NFTs and the metaverse in the crypto space make these possible, Phemex is ready to go all-in into a futuristic vision that blurs the distinction between reality and virtual worlds. Phemex continues to be proud of its accomplishments thus far, making it its objective to support everyone in exploring new possibilities in the financial and blockchain space. Traditional financial service systems are widely acknowledged to be…

Applied Blockchain Inc files for $60M IPO

UK-based blockchain infrastructure firm Applied Blockchain has filed an initial public offering (IPO) application on Apr. 8 to the United States Securities and Exchange Commission to issue 3,236,245 shares of common stock onto the Nasdaq Global Select Market with the ticker symbol APLD. The firm currently operates a stock on OTC Pink — the lowest of three tiers within the over-the-counter market as per financial volume and the disclosure of company information required — under the same tag with share price of $18.84. The document of application was keen to emphasize…

Gala Games blockchain platform combines gaming and commerce

Crypto games that combine play-to-earn (P2E) and nonfungible token (NFT) mechanics found a huge boost in 2021, thanks to the success of Axie Infinity and metaverse hype.  However, playability still remains a major problem, as most crypto games focus on tokenomics rather than providing a fun and enjoyable gaming experience.  Apart from the earning aspect, they often offer nothing special compared to traditional PC or console video games, where players can find interesting plots, nice visual effects and addictive gameplay. Axie Infinity has become known for its repetitive gameplay, known…

Applied Blockchain Files for $60M Nasdaq IPO

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UNBLOK Provides Incentive-Based App Blockchain Solutions

UNBLOK LLC provides consumers with a revolutionary solution through blockchain technology, allowing users to use the application on their mobile phones without the need to conduct traditional application market research and get rewards. UNBLOK LLC is transforming the incentive-based applied market research business by focusing on payments via blockchain and cryptocurrencies, generating usage data, and providing a win-win situation of picture for businesses and customers. Different from traditional incentives for users to get rewards by scanning receipts, watching advertisements, completing surveys, etc., unblock uses blockchain technology to collect non-identifiable analysis…