NFTs Are the Pillars of Digital Capitalism, Animoca Founder Says
Yat Siu explains why we shouldn’t dismiss NFTs as monkey JPEGs and how blockchain acts as a political system of sorts, fostering a consensus-based democratic process.
Web3
Apple’s ‘Vision Pro’ Set to Get First Crypto-Focused Metaverse App From Victoria VR
The app is set to be released in the second qaurter and the token VR has already surged 60% in last 24 hours.
Web3 Gaming Company Saltwater Raises $5.5M Seed Funding
Saltwater closed its seed round on the heels of acquiring gaming developers Maze Theory, Nexus Labs and Quantum Interactive.
Web3 Payments Firm Transak Joins Visa Direct to Streamline Crypto-to-Fiat Conversion
The deal allows the Web3 payments infrastructure provider’s users in over 145 countries to easily convert crypto into local fiat currencies.
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors.
‘One-Stop Station’ Digital Identity Service Root Protocol Raises $10M Seed Funding
The funding rounds, which gave Root a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investors
Magic Leap Execs Believe Metaverse Needs to Focus on Real-World: Report
The Mixed Reality company has raised nearly $4 billion, as metaverse tokens are solidly in the green.
Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform
Tune.FM provides musicians with a platform to receive micropayments for streaming in its native JAM token (JAM).
Making Sense of Web3’s Burgeoning AI Ecosystem
Although the intersection of Web3 and AI has great potential, there is a lot of confusion about this emerging technology in the market today. Mapping out the GPU supply chain, layers of the tech stack, and various competitive landscapes can help investors better understand the ecosystem and make more informed investment decisions, says David Attermann, at M31 Capital.
Japan’s Cabinet Proposes Scrapping Corporate Tax on Unrealized Crypto Gains
Prime Minister Fumio Kishida’s government has been considering submissions on how best to encourage the industry’s development, which it sees as a pillar of economic reform.