The new fund will invest in projects that can expand cryptocurrency use cases and drive the adoption of Web 3 and blockchain technologies. The new fund will invest in three different stages: incubation, early-stage venture, and late-stage growth. Binance Labs, the venture capital and incubation arm of Binance, announces the closing of a new $500 million investment fund. The fund is supported by leading global institutional investors such as DST Global […]
Web3 technologies are set to open new horizons for gaming. They will unlock value created within the confines of each product. Players will be able to truly own their assets and achievements, and use them across the vast space of interoperable environments orchestrated by blockchain technology. For these spaces to finally fuse into what will be collectively known as The Metaverse, the underlying blockchain networks will have to be truly […]
an article written by João Marinotti, Indiana University In 2021, an investment firm bought 2,000 acres of real estate for about US$4 million. Normally this would not make headlines, but in this case the land was virtual. It existed only in a metaverse platform called The Sandbox. By buying 792 non-fungible tokens on the Ethereum blockchain, the firm then owned the equivalent of 1,200 city blocks. But did it? It turns out that legal ownership in the metaverse is not that simple. The […]
article written By Sanchan Saxena, VP of Product, Ecosystem Products Last year we announced Coinbase NFT, a Web3 social marketplace for NFTs. Since then, we’ve been building in the open and getting input from the NFT community. We shared previews of our progress with collectors and creators and received amazing feedback. We learned that people don’t just want better tools to buy and sell NFTs: they want better ways to discover them, better ways to […]
In response to the news that crypto business leaders are objecting to EU proposals to regulate cryptocurrencies, including requiring crypto firms to disclose transaction details; Amrit Dhami, Associate Analyst in the Thematic Research team at GlobalData, comments: “Anonymity is big within the world of cryptocurrency, from the anonymous crypto wallets to the creative pseudonyms of crypto and NFT creators. It’s a big selling point for consumers who don’t want their transactions […]
Mastercard has filed 15 NFT and metaverse trademark applications as part of a wide-ranging plan to extend its payment processing system, slogans and branding into the new virtual economy, Finextra reports According to the filings Mastercard sees five key applications for its services in the metaverse: . “Downloadable music files authenticated by non-fungible tokens (NFTs); . “Marketplaces for digital goods and NFT backed media” . “Processing of virtual credit card, virtual debit […]
In 2011, Brazilian software developer Lucas Schoch spent more than 1,100 bitcoin inside World of Warcraft, the popular online fantasy game. Cryptocurrency had yet to explode in value, but he quickly realized what a mistake he’d made. Data scientist Vijay Pravin had just founded an AI-powered blockchain analytics firm when he heard about the record $69 million sale of a digital artwork known as a non-fungible token a year ago. […]
The government has today announced moves that will see stablecoins recognised as a valid form of payment as part of wider plans to make Britain a global hub for cryptoasset technology and investment. . Stablecoins to be brought within regulation paving their way for use in the UK as a recognised form of payment. . Announcement part of a series of measures to make the UK a global hub for cryptoasset technology […]
The one-year immersion program, the Visa Creator Program, will bring together a global cohort of creators including artists, musicians, fashion designers and filmmakers the ability to build their businesses with NFTs. Visa has launched a programme to help digital-first artists grow their businesses through non-fungible tokens. The payments giant notes that there are some 50 million artists, musicians, designers, filmmakers and other creators publishing content as a full- or part-time source […]
Ripple, the leader in enterprise blockchain and crypto solutions, is committing 1B XRP to accelerate development and new use cases on the XRP Ledger (XRPL). The fund is an extension to the XRPL Grants program which launched in 2021 and, to date, has awarded $6 million in total funding to more than 50 open-source projects built on the XRP Ledger. Developers on the XRPL want to build and scale their apps on the […]