web3

Kiki World, a beauty brand that uses web3 for customer co-creation and ownership, raises $7M from a16z

If you think that choosing a nail polish color or which ingredients go into your face cream can’t have anything to do with blockchain, think again. Kiki World, a beauty startup launched last yea

Nine crypto VCs on why Q1 investments were so hot and how it compares to previous bull market

If the 2023 crypto venture landscape was an ice-cold pot of water, the first quarter of 2024 is the part where the bubbles start to form right before water boils, Tom Schmidt, a partner at Dragonfly C

The AI world needs more data transparency and web3 startup Space and Time says it can help

As AI proliferates and things on the internet are easier to manipulate, there’s a need more than ever to make sure data and brands are verifiable, said Scott Dykstra, CTO and co-founder of Space and

Web3 investment firm Borderless Capital acquires CTF Capital to bring AI and quant expertise

Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with techn

A new web3 network is being built right now that wants to end Big Tech’s control of your data

Many of the people building web3 feel like the traditional web ecosystem has taken advantage of users and their data. While it benefits a number of businesses, data miners and even AI models, some see

Rails launches with $6.2M round for its decentralized FTX alternative

Rails, a decentralized crypto exchange, has raised $6.2 million in attempts to fill the void FTX left behind after crashing in 2022, the startup’s co-founder and CEO Satraj Bambra exclusively told T

Starbucks ditches its Odyssey NFT program

Starbucks launched Starbucks Odyssey in 2022 as its initial foray into the web3 world.

Blockchain tech could be the answer to uncovering deepfakes and validating content

Two months ago, media giant Fox Corp. partnered with Polygon Labs, the team behind the Ethereum-focused layer-2 blockchain, to tackle deepfake distrust. Fox and Polygon launched Verify, a protocol tha

Bitcoin hits new high, Solana price jumps as memecoins mania rises and Worldcoin faces heat in Spain

Welcome to TechCrunch Crypto, formerly known as Chain Reaction -- it was an eventful week in the crypto world.

Former web3 gaming founders raise $2.5M for their NFT marketplace to retain users even when there ‘isn’t money to be made’

Even though NFT sales volume is still down 88% from 2022 all-time highs (and down 38% year-to-date), Pallet Exchange is building a new type of NFT marketplace focused on user retention. And it’s doi

NFT platform Zora is offering a novel way for AI model makers to earn money

Zora, an NFT-based social network platform, is continuing its expansion beyond the crypto-sphere into the hot artificial intelligence market, Dee Goens, the startups’ co-founder, said on Chain React

NFT fantasy sports startup Sorare lays off 13% of staff as web3 gaming continues to sputter

Web3-enabled fantasy sports platform Sorare laid off 22 employees based in its New York office in February. The move comes as the startup wants certain teams to be concentrated at the company’s

OpenSea’s partnership with Coachella is a sign that NFTs can be more than profile pictures

The NFT sector has not yet returned to the glory of its 2022 heyday, but that hasn’t stopped the evolution of the tech. For instance, OpenSea has partnered with the music and arts festival conglomer

Taiko raises $37M to build web3 infrastructure for a censorship-free internet

Amid the speculation and volatility in the casino-like crypto land, there remains a subset of individuals who espouse blockchain’s potential to decentralize various aspects of human activities f

Karma3 Labs raises $4.5M to improve trust in web3 with ratings and recommendations

There’s no reputation system in the decentralized world of web3, so it’s hard to figure out which entities and individuals to trust and depend on.

Asymmetric Financial has a plan to unlock Bitcoin’s trillion-dollar potential with dedicated DeFi fund

As the digital asset industry picks up steam again, some crypto funds are looking to home in on specific sectors. Crypto fund Asymmetric Financial is creating its Bitcoin DeFi Venture Fund I to focus

NodeShift wants to challenge the hyperscalers with its decentralized cloud

When the large cloud providers have excess compute capacity, they tend to discount it through programs like AWS’s and Azure’s spot instances. Any time a server idles, it isn’t making

Hivemapper reveals new Bee dashcam as its latest weapon against Google’s map dominance

Mapping startup Hivemapper will launch a new dashcam later this year that its co-founder believes will speed up efforts to claw market share away from Google. The new Hivemapper Bee camera, revealed W

Animoca Brands’ Yat Siu sees NFTs as a way to protect ownership in the age of AI

NFTs don’t always get taken very seriously, particularly now that AI and content creators are hogging the spotlight, but not everyone is so quick to discount crypto’s oft-derided younger sibling.

Coinbase cites stablecoins, Base as key 2024 priorities after crushing Q4 estimates

After disclosing better-than-expected financial results in its fourth-quarter earnings report, U.S.-based Coinbase has big plans. The second-largest crypto exchange told its investors that it intends
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