BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Multicoin Capital Injects $430m Venture Fund III for Blockchain Startups
Cryptocurrency investment firm Multicoin Capital has announced the launch of $430 million Venture Fund III to help startups focused on decentralized autonomous organizations (DAOs), open finance, Web3 infrastructure, and more.
Funding for Crypto Startups Falls to One-Year Low
Digital currencies, public stocks and venture capital backing crypto startups have finally cooled down after massive growth due to the effects of an economic storm, according to Bloomberg.
Global Automotive Blockchain Market Value Expected to Hit $2.23b by 2027
The value of the global automotive blockchain market is expected to hit $2.23 billion by 2027, a study shows.
Protagonist Establishes $100m Crypto Fund, Supporting Blockchain & Web3 Ecosystems
Protagonist, a Miami-based crypto fund and incubation lab rolled out a $100 million fund to boost emerging blockchain and Web3 networks.
DeFi Protocol Morpho Labs Raises $18m
DeFi protocol Morpho Labs has secured an $18 million funding round co-led by Andreessen Horowitz (a16z) and Variant.
Vleppo and Tokel make NFT rights legally enforceable in the real world leveraging Komodo technology
A long-standing problem confronting the blockchain world and NFT owners is the distinct lack of contractual clarity and legal rights in the enforcement of digital asset transactions. Today, Vleppo and Tokel have successfully conducted a breakthrough digital procedure that will pave the way for the blockchain industry and NFT owners to establish and enable their legal rights embodied in the NFTs and digital transactions to be made legally enforceable in the courts of law around the world.
MLB All-Star and NY Yankee Pitcher Nestor Cortes Releasing Personal NFT Collection On The ReserveBlock RBX Network
MLB All-Star and NY Yankee Pitcher Nestor Cortes, aka “Nasty” Nestor, announced today that he will be releasing his exclusive NFT collection on the ReserveBlock Foundations RBX Network (reserveblock.io) protocol with a portion of his personal proceeds to benefit Sloan Kettering Memorial Hospital and Miami Children’s Hospital on Sunday evening July 17th. RBX is the first open-source decentralized NFT Centric Blockchain that enables true peer-to-peer operability for the minting and trading of NFTs with or without the need for a centralized authority.
Web3 Startup Mysten Labs Seeks $200m in Series B Financing, Closing Valuation at $2B
Mysten Labs, a crypto startup founded by former Meta executives, is closing a Series B round that could value the company at $2 billion. Reportedly, the company is seeking at least $200 million in funding.
Crypto Miners in Texas Halted Due to Extreme Heat
Many crypto miners have shut down operations due to a heatwave in Texas.
Celsius Makes More Repayments and Withdrawal: Sources
According to tracker Etherscan, Celsius repaid $78.1 million worth of USDC stablecoin to Aave and $35 million worth of stablecoin DAI on the platform Compound.