Sky Mavis
Polygon founder raises $50M for emerging markets-focused web3 venture fund
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, he told TechCrunch…
Former Tencent insurance boss joins web3 powerhouse Animoca Brands
Animoca Brands, the Hong Kong-based gaming company and the investor behind web3 big names like The Sandbox, Sky Mavis, Dapper Labs and OpenSea, just got a talent boost. Alan Lau,…
Animoca Brands plans to add education to its multibillion-dollar NFT and gaming business
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.
Why Axie Infinity’s co-founder thinks play-to-earn games will drive NFT adoption
As we’re almost halfway through 2022, a question stands: Is Axie holding up to its hype?
US officials link North Korean Lazarus hackers to $625M Axie Infinity crypto theft
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 popular play-to-earn…
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…
What the Binance bailout of Axie Infinity means for crypto’s future
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…
Axie Infinity creator raises $150M round to compensate victims of ~$625M Ronin hack
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…
Axie Infinity’s Ronin network suffers ≈$625M exploit in largest DeFi hack to date
Crypto gaming giant Axie Infinity, which raised last year at a $3 billion valuation from a16z, was already having a catastrophic week. It just didn’t know about it until this…
Even among the fastest-growing crypto startups, Yuga Labs has had a particularly explosive year. The startup is behind the NFT project Bored Apes Yacht Club (BAYC), which only launched in…
Pixel Vault banks $100 million in funding to chase an NFT media empire
The world of NFTs is bizarre, confounding and exhilarating. Detractors see a space full of capital-obsessed hucksters who want to choke all of the lasting value from popular culture, while…
Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets
Africans and people in emerging markets missed out on the first set of opportunities that technological advancements brought to the world. Computers, the internet, fintech, artificial intelligence, any tech you…
