Pitchbook data shows that the overall number of deals fell in Q2 compared to Q1. But crypto entrepreneurs still managed to obtain a little more venture capital investment than in Q1. According to a report from Pitchbook published on August 9th, total invested money increased by 2.5%, totaling $2.7B. But
Zooko Wilcox, the renowned founder of the privacy-focused cryptocurrency Zcash, has recently joined forces with Shielded Labs, a blockchain development company. Jason McGee of Shielded Labs proposed his idea of starting this independent organization to help Zcash a year ago i.e., in Jan 2023. This strategic move comes as Wilcox
Without a doubt, artificial intelligence has been the big topic of the year 2024, along with the exponential rise that NVIDIA and the big technology companies have presented. We cannot deny the impact that this will have on our modern society. However, we have not yet realised the risks of
With the involvement of top blockchain venture capitalists, Layer 2 gaming ecosystem Moonveil has announced the conclusion of a Pre-Series A fundraising round. With this, Moonveil has raised $9 million in total fundraising. Moonveil’s objective of creating a layer 2 ecosystem for web3 gaming will be supported by these fundings. Animoca Ventures,
Azarus, a streaming overlay platform, has reported that its Evo Tournament campaign saw record levels of engagement. Setting new standards for user engagement, Azarus collaborated with Twitch to run interactive overlays throughout the AT&T-sponsored event. The world’s top esports players and spectators came together for the Evolution Championship Series (Evo), which took
To revolutionize Telegram mini-games, Azur Games and Pixelverse have established a cooperation. Through the Pixelverse Telegram mini-game platform, Azur Games will release a new mobile game with Pixelverse characters as part of the partnership. The collaboration, which brings together two of the top gaming studios, will aid in the creation
In order to support their fast expansion, GPU cloud network io.net and premier image-generation platform Leonardo AI have established a cooperation to increase its computational power . In order to support Leonardo AI’s rapid scalability in response to increased client demand for its generative AI content creation platform, io.net will provide enterprise-grade
A significant cyberattack has hit the blockchain platform Nexera. Theft of 47 million NXRA tokens occurred as a consequence of this security compromise. The blockchain security company Cyvers Alert uncovered this flaw when it saw an unusual transaction utilizing Nexera’s proxy contract. An unidentified address gained control of Nexera’s proxy
According to research done by Aventus & Airport Perishables Handling (APH) at Heathrow Airport, airlines may save 7% overall on their cargo handling operations by using Web3-based solutions. Since the 1990s, the global ULD management tool set has not changed, and it mainly depends on manual data inputs. This presents
Leading Web3 payments infrastructure provider Transak has officially introduced wire transfers as a new payment option for US customers to buy cryptocurrency. For crypto aficionados throughout the country, the addition of wire as a payment option for purchases is a significant step toward improved accessibility and convenience. Transak has redefined user
