web3

Mark Cuban, Mavericks in hot water over Voyager ‘Ponzi scheme’

Lawsuits from disgruntled investors are beginning to stack up after crypto prices plummeted over the past few months, leaving them with steep losses. Billionaire Mark Cuban is the latest celebrity on

A Tornado (Cash) flew around my room

It seems like there are always people butting heads in the crypto world, and this week was no different. Cryptocurrency mixer Tornado Cash was hit with sanctions by the U.S. and Binance and WazirX dis

Launch price TC Sessions: Crypto tix going, going…

If blockchain, cryptocurrency, decentralized finance (DeFi) and web3 get your entrepreneurial motor running, do not miss our TC Sessions: Crypto daylong deep dive on November 17 in Miami. We have spec

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.

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.

Former Palantir engineers raise $20M to simplify web3 tooling

Starbucks to unveil its web3-based rewards program next month

Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event. The company earlier this year announced its plans to enter the web3 space, notin

Playstudios launches blockchain gaming division and $10M web3-focused fund

Playstudios, a publicly traded mobile gaming platform and developer, is venturing into the web3 world with a new blockchain division and investment fund. The gaming entity, which owns popular mobile a

Tiffany and Gucci’s dip into crypto is a balance of reputation and revenue

Are crypto integrations by household name brands and sports teams evidence of increasing use cases for digital assets and cryptocurrencies -- or more of a marketing ploy?

Hackers abuse ‘chaotic’ Nomad exploit to drain almost $200M in crypto

Cross-chain messaging protocol Nomad has become the target of crypto’s latest nine-figure attack after hackers abused a “chaotic” security exploit to steal almost $200 million in digital

Arca’s David Nage on how regulatory scrutiny is impacting venture investment in web3

The regulatory environment surrounding crypto is shifting stateside as the SEC takes aim at major players in the web3 world, promising to shake up business as usual with aggressive action. This week o

Can VCs game crypto out of this downturn?

Welcome back to Chain Reaction. Last week, we looked at Musk holding onto doge. This week, we’re talking about where all of this crypto VC money is possibly gonna go. To get this in your inbox e

Gaming vets promise to make blockchain games fun and sustainable

The runaway success of Axie Infinity and StepN has convinced a flurry of entrepreneurs that web3 gaming, where the ownership of in-game assets is in the hands of users via blockchain adoption rather t

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.

Web3 digital identity startup Unstoppable Domains raises funds at $1B valuation

Unstoppable Domains, a popular blockchain naming system provider and identity platform, is the latest crypto startup to become a unicorn. The identity platform, which has amassed over 2.5 million regi

New York City’s Interplay is raising $10M for new blockchain fund

We’ve seen a number of new web3-focused venture fund launches in the past month from large traditional VCs, including Lightspeed, as well as smaller, crypto-native firms such as Valkyrie. Althou

An actionable framework for founders bridging into web3

For founders looking to foray into the world of decentralization, it’s all too easy to become distracted from core business objectives by shiny new buzzwords.
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