Ethereum layer-two scaling platform Polygon raised $450 million earlier this year in its first major financing round. Now, the protocol’s co-founder Sandeep Nailwal is launching another project,
Top crypto VCs are constantly touting the potential of video games as one of the most compelling use cases for blockchain technology. Andreessen Horowitz partner Arianna Simpson, for example, who led
Cross-chain messaging protocol Nomad has become the target of crypto’s latest nine-figure attack after hackers abused a “chaotic” security exploit to steal almost $200 million in digital
Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
The runaway success of Axie Infinity and StepN has convinced a flurry of entrepreneurs that web3 gaming, where the ownership of in-game assets is in the hands of users via blockchain adoption rather t
The team behind Minecraft, one of the most popular games of all time, declared today that it won’t support NFTs. Gaming has been touted as a potential use case for NFTs, so the Microsoft-owned g
When there’s money to be made, feedback can, and often does, go unheard. Still, a few major gaming companies did backtrack on their plans to add NFTs to games. So what happened?
Since its launch in December, StepN, an app that lets users walk and run to earn tokens, has quickly become a household name in the play-to-earn blockchain gaming, or GameFi, world. Two to three milli
Drip is "Shopify for livestream commerce,” providing tooling so users can run live stream auctions, drops or buy it now formats via Drip’s existing marketplace.
Animoca Brands has grown into one of the biggest firms in the metaverse, play-to-earn gaming and NFT worlds, but it wants to enter a new sector: education.
Some crypto games are considering the free-to-play model as a way to help new gamers enter the often gated crypto gaming market, which is known for having a play-to-earn model.
As we’re almost halfway through 2022, a question stands: Is Axie holding up to its hype?
When the Vietnam-based outfit behind the crypto game Axie Infinity was hacked last month — hackers stole upward of $625 million in Ethereum from its blockchain, with the FBI now pointing fingers
The U.S. government has warned that North Korean state-backed hackers known as the Lazarus Group are targeting organizations in the blockchain industry using trojanized cryptocurrency applications. In
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
U.S. officials have linked North Korean state-backed hacking group Lazarus to the recent theft of $625 million in cryptocurrency from the Ronin Network, an Ethereum-based sidechain made for the popul
Hello readers, and welcome back! Last week, I wrote about the issues facing Axie Infinity in the wake of a $625 million heist. This week, I’m talking about Apple and crypto. If you like my rambl
Why did Binance step in to rescue a startup it hadn’t put any money into previously? One obvious answer could lie in the fact that Axie’s success is seen as critical to the success of crypto overa
Vietnamese gaming studio Sky Mavis announced that it has raised $150 million in funding led by crypto exchange Binance to help reimburse users who lost funds during a ~$625 million hack of its play-to
Experts say that as more people and capital flood into crypto, there will subsequently be more losses.