Tag: funding

Chinese Metaverse Industry Raises $780 Million in Funding – Metaverse Bitcoin News

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The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse. Developing the Metaverse According to a local media report, China’s metaverse industry has raised $780 million (5.46 billion yuan) in funding. In addition to 160,000 “Chinese virtual human enterprises,” there are about 20 provinces or cities that are already supporting…

Bitcoin Marks 9th Consecutive Month Of Sluggish Funding Rates

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Bitcoin funding rates for the past two months have entered one of their worst streaks yet. During this time, there have been no positive funding rates, and the best that the market has seen has been funding rates at a neutral level. However, even now, reaching neutral levels have proved incredibly hard for funding rates, taking a deeper dive with each passing week. Funding Rates Remain Below Neutral The last time bitcoin funding rates had been in the neutral territory had been at the beginning of August. Since then, funding…

Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory

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The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about.         ETH currently trades below the $1.6K level         Ethereum price nosedives by 1.24% or trading at $1,570.76         ETH liquidations trigger price spike Investors are debating whether or not the price of Ethereum will reach $3,000 since it is on everyone’s mind and a topic of conversation. When the Ethereum Blockchain and Beacon Chain fuse together on September 22, 2022, the Ethereum Blockchain will switch…

Moonbirds will store NFT art ‘in chain’ — Raises $50M in Series A funding

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PROOF, the private community behind the Moonbirds NFT collection, has announced it is shifting its blue-chip collection completely “in chain” — allowing images to be fully contained within the underlying smart contract.  In a community live stream named “Future PROOF” on Aug. 30, Harri Thomas, director of products at PROOF explained that the new approach will mean that in the future, the viewable image of a Moonbird NFT will be “constructed from the contract itself from art layers, which are going to be stored on the blockchain.” “We’ve talked about…

NFT Collective PROOF Raises $50M in Funding Round Led by a16z

During today’s event, the company released new details about PROOF’s third NFT collection: Moonbirds Mythics, a 20,000 PFP (profile pic) collection slated to launch in early 2023.  Moonbirds DAO, a decentralized autonomous organization (DAO) will oversee licensing of the company’s Moonbirds NFT brand, granting trademark rights and distributing funding to upcoming NFT projects. Source

Solana-Based Automation Network Clockwork Raises $4M in Seed Funding

Clockwork, which was formerly known as Cronos, aims to solve the automation dilemma, in which developers must choose between using decentralized apps (dapps), or apps that are automated. Nick Garfield, co-founder of Clockwork, told CryptoX that his company removes the need for a centralized cloud provider such as Amazon Web Services (AWS) or Google Cloud to provide automated products for blockchains, such as decentralized autonomous organization (DAO) tooling or payments processing. Source AutomationClockworkfundingNetworkRaisesSeedSolanaBased CryptoX Portal

Ripple CEO comments on Crypto Leaks, denies funding law firm to target others

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Ripple CEO Brad Garlinghouse took to Twitter to deny recent explosive claims made by Crypto Leaks, an online publication focusing on corruption and fraud-related news in the crypto ecosystem. Crypto Leaks published a report on Friday containing a series of short videos from an unknown source. The report claimed that Ava Labs formed a secret pact with the law firm to use the American legal system “gangster style” to “attack and harm crypto organizations.” The same report also alleged that Ripple CEO Brad Garlinghouse funded a law firm to target competitor…