blockchain

China’s tech giants promise speculation-free NFTs

The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry. The China Cultural Industry Associa

As the NFT boom fades, major gaming companies slow their crypto plans

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?

Venture studio Adanian Labs fuels startup growth in Africa

NFT summer in New York is in full swing amid crypto winter

The NFT NYC conference this week has brought hordes of web3 enthusiasts to Times Square in an extravagant celebration that stands out against the much-less-exuberant crypto market. There have been yac

Cryptoys banks a16z funding to build NFTs for kids

The past several months haven’t been entirely kind to the NFT market — while transaction volume hasn’t stuttered too significantly, the dollar amount invested in the space has been i

eBay acquires NFT marketplace KnownOrigin for an undisclosed sum

eBay announced today that it’s acquiring Manchester-based NFT marketplace KnownOrigin. The financial terms of the deal were not disclosed. eBay says the companies have signed and closed the deal

Afropolitan raises millions from Balaji Srinivasan and others to build a digital nation

Last April, Balaji Srinivasan, a high-profile figure in the crypto space and the ex-CTO of Coinbase, wrote a piece titled “How to Start a New Country” in the 21st century. His view was that this n

Iran to cut electricity to authorized crypto miners

Iran’s relationship with the crypto mining sector is a love-hate one. The government is again restricting crypto mining activity as it tries to ease the strain on the country’s power suppl

In Southeast Asia, a booming crypto scene

Southeast Asia, a diverse region with an expanding population and rising income, is emerging as a popular destination for crypto entrepreneurs and investors hunting down high-growth startups in the sp

Tatsumeeko wants to bring the metaverse to Discord

Tatsumeeko, an “MMORPG-lite” game on Ethereum and Solana developed by the team behind cross-gaming platform ecosystem Tatsu.GG, announced today that it has raised $7.5 million in seed funding. The

Proposed bipartisan US crypto bill could be ‘sigh of relief’ for the industry

"The bill matters as it is a step in the right direction for legislation and definition of 'crypto,' what a 'crypto asset' is and what regulation will look like," said Nick Donarski, CTO of ORE System

Meet the trans, anarchist founder who just landed $25M to reform how crypto is stored

Tux Pacific isn’t your average tech founder. They’re a self-taught cryptographer who dropped out of college, a proud member of and advocate for the transgender community and a self-describ

Crypto startup Ledger teams up with Cathay Innovation to launch $110M sector fund

Cathay Innovation is hoping to secure the bag in a new investment partnership with a company that secures crypto assets. The $1.5 billion venture capital firm is entering the crypto market with a new

Three-quarters of Asia’s wealthy investors will own digital assets by 2022

Seventy-three percent of “affluent” investors in Asia intend to hold some form of digital assets by the end of 2022, according to a new report from consulting firm Accenture. It’s un

The arrest heard ’round the crypto world

Hey everyone, and welcome back to Chain Reaction. Last week, we discussed $4.5 billion in new crypto funds from a16z. This week, we’re talking about the arrest that has everyone in the NFT space

Athleisure icon Ty Haney raises $9.8M in fresh funding for her blockchain rewards startup

Outdoor Voices founder Ty Haney made a name for herself by making sportswear the hottest trend among non-athletes. Now, the 33-year-old entrepreneur is betting she can bring together another underrate

Gemini lays off 10% of workforce as the ‘crypto revolution’ enters its ‘contraction phase’

Crypto platform Gemini has cut approximately 10% of its workforce, per co-founders and twin brothers Cameron and Tyler Winklevoss. In a post announcing the news, the duo attributed the layoffs to “t

Developer infrastructure expert Anand Iyer goes solo with new $20M crypto fund

Engineers are the bedrock of any tech product, and blockchains are no exception. As the race between different chains heats up, communities of loyalists are duking it out to attract developers to thei

Data-sharing platform Vendia raises $30M Series B

Vendia, a blockchain-based platform that makes it easier for businesses to share their code and data with partners across applications, platforms and clouds, today announced that it has raised a $30 m

Ayoken raises $1.4M to grow its NFT marketplace for creatives

Ayoken, an NFT marketplace for creatives, has raised $1.4 million pre-seed funding to enable users grow their revenue streams through digital collectibles. The startup’s marketplace, Ayokenlabs, wil
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