Coinbase Ventures

Thirdweb raises $24M at a $160M valuation from Haun Ventures, Shopify and Coinbase for its web3 development kit

There’s been a lot of hype about “web3”, but the reality is that it’s still a largely nascent and fragmented concept, and that has led to web3 startups building platforms to en

Why Twitter anons are sending crypto to celebrities

Welcome back to Chain Reaction. Last week, we talked about a hack that gave new, ironic meaning to the word “trustless.” This week, we’ll get into one of the most polarizing aspects

Former Palantir engineers raise $20M to simplify web3 tooling

Hackers abuse ‘chaotic’ Nomad exploit to drain almost $200M in crypto

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

This niche cryptographic technique could transform privacy in web3

Privacy is a core concern in crypto. Once you know a crypto wallet address corresponds to a certain individual, you can track all the transactions that individual has made through their wallet on any

Down bad

Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inb

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

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

QuestBook raises $8.3 million to help web3 developers secure funds

Blockchain and other web3 projects are racing to reach developers, hosting hackathons, bandying out grants and offering other perks to lure those who can build. But they currently don’t have the ban

Corporate venture investors pulled back in Q1 but less than you imagined

Looking at the changing pace of CVC activity, geographic trends and more.

MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy

The use of cryptocurrency in sub-Saharan Africa, particularly among its young people, cannot be overstated. Data from blockchain intelligence firm Chainalysis says the region’s crypto usage grew

Haun Ventures leads $50M round in NFT startup Zora Labs

The NFT ecosystem continues to chug along, but the vast majority of volume is still moving through the centralized halls of NFT marketplace OpenSea, leaving crypto VCs eager to find new channels. Kati

Will the corporate venture boom lead to an M&A frenzy?

Why recent CVC activity combined with the current climate for startups could result in a more active M&A market.

Masa Finance gets $3.5M pre-seed to build its decentralized credit protocol

Masa Finance, a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 million in pre-seed funding. According to a statement, the co

Ondo’s decentralized investment bank matches crypto companies with capital providers

The crypto-based decentralized finance ecosystem has, despite bouts of volatility, been ballooning in terms of assets since last year’s “DeFi summer.” DeFi is quickly maturing, which

Indian crypto exchange CoinDCX tops $2 billion valuation in new $135 million funding

CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding, it said today, as the Indian cryptocurrency exchange looks to aggressively expan

Crypto giant FTX in talks to invest in Indian gaming startup MPL

India’s Mobile Premier League, or MPL, is in talks to raise capital from a number of investors including the crypto exchange FTX as the mobile gaming startup prepares to make a web3 push, three sour

Web3 digital identity startup Unstoppable Domains said to seek funding at $1 billion valuation

Unstoppable Domains, a popular blockchain naming system provider, is putting together a funding round at a valuation of $1 billion, three people familiar with the matter told TechCrunch. The startup i

Stanford cryptography researchers are building Espresso, a privacy-focused blockchain

If blockchain technology is to reach true mass adoption, it will have to become cheaper and more efficient. Low transaction throughput on some of the most popular blockchains, most notably Ethereum, h

Subspace Labs raises funding for a more scalable, sustainable blockchain

As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand.  New projects are aiming to tackle issues like notoriously high energy use, hefty
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