Meta Platforms Agrees to Pay $725M to Settle Cambridge Analytica Lawsuit

Following the scandal with Cambridge Analytica at the time, Meta Platforms Inc said it has implemented a rigorous privacy campaign policy that has generally solidified its platform. American multinational social and metaverse-focused company, Meta Platforms Inc (NASDAQ: META) has agreed to pay the sum of $725 million to settle a class action lawsuit involving the British political consulting firm, Cambridge Analytica to access millions of Facebook user’s personal information. Meta Platforms and Cambridge Analytica Scandal The settlement puts an end to the long protracted lawsuit that has been on since…

Top Shot creator unveils $725M fund to support Flow ecosystem

The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network. Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made for NFTs. Dapper Labs also created the popular NBA Top Shot NFT collection. Flow utilizes an eco-friendly proof of stake (PoS) consensus algorithm. The new fund was backed by 17 firms that have experience backing other Web3 companies, including large investment firms a16z, Spartan Group, and CoinFund.…

NBA Top Shot Creator Dapper Labs’s Flow Launches $725m Blockchain Ecosystem Fund

NBA Top Shot producer Dapper Labs has announced a $725 million eco-fund for Layer 1 blockchain platform Flow to develop its growing ecosystem. In this round of funding, investors include Andreessen Horowitz (a16z), Coatue, Union Square Ventures, Greenfield One, Digital Currency Group (DCG), Fabric Ventures, Liberty City Ventures, and CoinFund. The fund aims to support games, infrastructure, decentralized finance, content and creators on the flow blockchain, while also tailoring corresponding ecosystem grants based on the type of project. Dapper Labs CEO Roham Gharegozlou said in a statement: “We are thrilled…

Dapper Labs Debuts $725M Ecosystem Fund for Flow Blockchain Development

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Big Money Apes Into Blockchain Gaming With $725M Raise for Forte

Major crypto players Andreessen Horowitz (a16z), Cosmos, Polygon Studios and Solana Ventures were among those that have invested in an additional $725 million in funding to close a Series B round for the blockchain gaming platform Forte. The round was led by Sea Capital and Kora Management with a number of game and media publishers participating, including Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner Music Group and zVentures (Razer). Funding will be used to expand Forte’s products and services, as well as speed up the onboarding of emerging…