Solana

Polychain puts its money on HotStreak to streamline sports betting using blockchain

In the world of sports betting, instant payments and reliable custody are key to the user experience. HotStreak, a web3 platform for daily fantasy sports (DFS) contests, is wagering that the decentral

Phantom’s Brandon Millman opens his wallet on web3 growth and risk at TC Sessions: Crypto

VC firms love growth, and despite predictions of winter settling in across the cryptoverse, the global crypto wallet forecast is anything but chill. Estimates expect that the crypto wallet market will

Tencent veterans secure $13M to build cross-chain decentralized identities

There are many startups working on decentralized identities for the next generation of the internet. Four Tencent veterans want their offering .bit, an identity protocol built on the blockchain, to be

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

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

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

Solana co-founder says NFTs have ’50 different use cases’ that can onboard millions this year

New NFT use cases stretch from gaming to music, and Solana co-founder Raj Gokal says he sees enough startup activity focused on those areas to feel optimistic about the digital assets more generally.

Daily Crunch: Unknown hacker drains millions of dollars from thousands of Solana hot wallets

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Solana’s speedy approach to crypto is attracting developers, despite hiccups

Even though the market is shaky and Solana has had its share of problems, there’s still a pool of developers who want to build on Solana in this bear market cycle.

Thousands of Solana wallets drained in multimillion-dollar exploit

Solana, an increasingly popular blockchain known for its speedy transactions, has become the target of the crypto sphere’s latest hack after users reported that funds have been drained from int

The race to build a social media platform on the blockchain

It’s easy to be skeptical of the big social media giants. They typically sell user data to advertisers and have been mired in controversy for their approach to content moderation. Web3 proponent

Mike Shinoda backs a startup that lets you do video calls as NFT avatars

As I speak to Tong Pow over Google Meet, he appears as a cartoon medieval-helmet-clad cat that talks and bobs its head, mirroring Pow’s movement behind the webcam. The visor may be hiding a Ches

Solana founder Anatoly Yakovenko discusses the crypto downturn at Disrupt

These are turbulent times for both crypto investors and projects alike. Over the past several months, Bitcoin and Ethereum have seen substantial declines in their token prices. But investors have give

Why OSOM went web3

“I want to do some crazy stuff,” Jason Keats says with a laugh. “I want to bring back that GEM phone.” He reaches behind him and pulls the strikingly slender device off a shelf. The battery’

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

OSOM’s OV1 is now Solana’s web3 Android handset, Saga

OSOM and Nothing have quickly become two of the most fascinating companies operating the smartphone space in recent years. Nothing is the latest project from OnePlus co-founder, Carl Pei, while OSOM i

Solana launches web3-focused smartphone Saga to improve crypto-mobile relationship

The co-founder and CEO of Solana, Anatoly Yakovenko, had a Steve Jobs moment when he stood in front of an auditorium in New York City and announced the launch of Saga, an Android web3-focused smartpho

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 market turmoil, crypto exchange Kraken says it’s filling 500+ roles

While several major crypto trading platforms are making large-scale layoffs and freezing hiring, some of their rivals have rushed to reassure their staff and the public that they are sticking to their

Solana launches $100M investment and grant fund for South Korean web3 startups

Solana Ventures and Solana Foundation have set up a $100 million investment and grant fund to deploy capital into South Korean web3 startups.
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