Genies Valued At $1 Billion After Series C Funding Round
NFT platforms like Genies that incorporate Web3 and the metaverse continue to attract significant venture capital investments. Genies, a nonfungible token (NFT) startup, has raised $150 million in Series C funding at a $1 billion valuation, making it the latest crypto-focused platform to achieve “unicorn” status. Silver Lake, a California-based private equity firm with $88 […]
Facebook Whistleblower Warns That Metaverse Will Repeat Its Past Mistakes
Frances Haugen, the infamous Facebook whistleblower, has now turned her attention to the Metaverse. She is concerned about Meta’s handling of privacy and highly sensitive information. In a new interview, Facebook whistleblower Frances Haugen has aimed at Meta, claiming that its version of the Metaverse will simply repeat all of its previous mistakes. Haugen told […]
How NFT Will Change The World
NFTs can be used to gain access to exclusive content, new products, or upcoming events by purchasing them. With their exponential growth, they are poised to revolutionize data transmission and interconnectivity. Non-fungible tokens (NFTs) are a type of data storage used by the blockchain. Exclusive access and rewards are provided to those who own this […]
Circle Partners With BlackRock For A $400 Million Funding Round
While already managing USDC cash reserves, BlackRock is now looking into the potential of USDC stablecoin in the financial markets, with its partnership with Circle. Circle, the primary operator of the UDC Coin (USDC) and a major peer-to-peer payments firm, has announced a $400 million funding round as well as a new partnership with the […]
Report Reveals That Inadequate Financial Services Aids Cryptocurrency Ownership In Nigeria
One of the primary reasons investors around the world seek to diversify traditional assets into cryptocurrency is to combat the prevailing fiat inflation. According to a new study, there has been a staggering increase in crypto adoption across Nigeria, which has been fueled by Africa’s limited access to affordable fiat-based financial services. According to KuCoin’s […]