NFTs

5 takeaways from Coinbase’s disappointing Q2 results

Coinbase is having to defend its model to investors who may have bought into its stock when it was trading much higher. And per its own notes, the bad times are not about to end any time soon.

LongHash Ventures launches second fund for $100M to support web3 infrastructure

LongHash Ventures, a web3-focused investment firm and accelerator, has launched its second fund for $100 million, its CEO, Emma Cui, told TechCrunch.

Pinata raised $21.5M to scale NFT media infrastructure

Pinata, an NFT-focused media distribution platform, has raised a total of $21.5 million in funding, the company exclusively told TechCrunch. This is the only capital the four-year-old company has rais

Twitch founder Justin Kan: Web3 games don’t need to lure players with profit

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

Play now, pay later: Halliday bags $6M seed round led by a16z

Blockchain-based games have seen a surge in popularity, but playing them is getting expensive. Play-to-earn games like StepN require players to purchase an NFT before they can participate, while other

Meta is expanding NFT support on Instagram to 100 countries

Meta CEO Mark Zuckerberg announced today that the company is beginning its international expansion of NFT support on Instagram. The expansion follows the social network’s initial NFT test launch

Upstream’s new vault could help NFT holders sleep at night

Imagine paying millions of dollars for a JPEG of a monkey just to have it stolen from your digital wallet. That’s exactly what happened to actor Seth Green, who ended up pleading with the hacker

FTX CEO leads Trustless Media’s seed round to help build community-owned web3 shows

A new web3-focused production hub, Trustless Media, has launched out of stealth mode as it aims to build an NFT community-owned media company.

Arkive is building the world’s first decentralized museum

What if museums were curated and funded by the internet, and allowed pieces to stay close to their cultural roots, displayed in a context that made sense? Native art in native museums, religious artif

When will India make up its mind about crypto?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest and most intere

NFTs have the potential to become media companies, Rarible co-founder says

As NFTs work to retain mainstream attention, one founder predicts the digital assets sector will pivot in a new direction.

A meme stock’s second shot at the moon

Everyone’s favorite 2020 meme stock is back in the news, and this time it’s flexing on crypto industry incumbent Coinbase. GameStop, which largely operates brick-and-mortar retail stores f

Shanghai gives nod to NFT trading platforms

After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. Th

Despite falling NFT sales volume, there’s more underlying strength to the market than you’d think

Bearish sentiment in the crypto markets has trickled down to the NFT subsector.

Nothing can’t resist the NFT hype, and its fans are questioning

Nothing, the consumer tech company started by OnePlus co-founder Carl Pei and known for its aggressive marketing, unveiled a non-fungible token project called Black Dot. Its fans are skeptical. Black

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

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

How disruptive could a Nike-owned resale platform be?

Last month, we learned Nike is accusing StockX of knowingly selling fake Jordans. Originating earlier this year, the now-amended lawsuit was initiated, with Nike suing the marketplace over their relea

Crypto founders face falling valuations, pulled deals amid market volatility

VCs are playing with web3 founders’ hearts, wallets and valuations as the market shifts to a VC-friendly landscape

Apple’s big week was not without its flaws

Hi, friends! Welcome back to Week In Review, the newsletter where we recap some of the top stories to cross TechCrunch dot com this week. The most read story this week was . . . well, everything that
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