Electric Capital

There’s always another nightmarish crypto hack around the corner

Welcome back to Chain Reaction. Last week, we looked at the near-term future for crypto gaming as VCs zero in on where to place consumer bets. This week, we’re looking at hardware wallets and th

Record VC fundraising isn’t necessarily good news for first-time fund managers

VC firms are holding on to their checkbooks as the investment market slows to a crawl, but fund managers are taking advantage of the lull to fill up their coffers to the point of overflowing.

Formerly rich NFT buyers party through the pain

Welcome back to Chain Reaction. Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and tattoos and booze and fun. If you want to get this

Magic Eden raises $130M, hitting unicorn status at $1.6B valuation

NFT marketplace Magic Eden, launched just nine months ago, has raised $130 million in a Series B round co-led by Electric Capital and Greylock Partners, bringing its valuation to $1.6 billion. Lightsp

Amid crypto market turmoil, Andreessen Horowitz announces $4.5 billion web3 fund

Despite a gloomy outlook for crypto markets based on the past few weeks of token turbulence, venture capitalists looking to spend their way into a web3 future aren’t taking their foot off of the

Polygon among $9.3M investment in Paper to help onboard NFT buyers via email

Paper, a crypto-focused payments processing company launched in February, closed a $7.3 million seed round after a $2 million angel investment for a total of $9.3 million in fresh capital.

Decentralized identity startup Spruce wants to help users control their sign-in data

Signing into websites using your Google or Facebook account has become so commonplace that lots of people don’t think twice before doing it. Keeping control over one’s own identity on the

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

Electric Capital closes $1 billion in funds to back crypto startups, buy tokens

The fervor surrounding opportunities in the crypto space has seemed to upend the venture world over the past couple of years, with major players shaking up how their firms are fundamentally organized

Immunefi raises $5.5M to squash Web 3.0 crypto bugs which might cost billions

Traditional Web site and app bug bounty platforms, such as HackerOne and BugCrowd, have been successful in that old-world model. But there is a massive difference between the existing “Web 2.0&#