Japan’s Ministry of Economy establishes a Web3 policy agency
The new organization will collaborate with the creative sectors and financial authorities to develop metaverse and web3 regulations. The opening of the Web3 Policy Office by the Ministry of Economy, Trade and Industry (METI) of Japan in the Minister’s Secretariat is a significant milestone for the buzzword. The new organization pledges to bring together the […]
Mike Novogratz: 200X returns from cryptocurrency are “not normal”
The extraordinary profits observed in the cryptocurrency market, according to ex-LUNAtic Mike Novogratz, are just unsustainable. Making more than 200X returns on cryptocurrency investments is “not normal,” according to Mike Novogratz, the billionaire founder of crypto asset management company Galaxy Digital. Novogratz forewarned attendees of the Christie’s Art + Tech Summit in New York on […]
WeatherXM raises $5 million in seed funding led by Placeholder VC
Web3 weather network WeatherXM has raised $5 million in a seed funding round led by Placeholder VC. The funding saw some other investors in the round including Metaplanet, ConsenSys Mesh, and Protocol Labs, among others. A $5 million seed round was secured by Weather XM, a weather network that uses cryptocurrency incentives to increase forecast […]
How the Web3 space is certifying the work of digital artists – NFT.NYC
During the NFT.NYC event, The Digital Diaspora celebrated some of the most well-known Black digital artists working in the NFT scene. The fourth annual NFT.NYC conference came to an end, and attendees used the time to reflect on a week of creative inspiration, networking with the community, and developer innovation in the nonfungible token (NFT) […]
Huobi Global launches $1B DeFi, Web3 focused investment arm
Huobi Global has launched a new investment arm focused on decentralized finance (DeFi) and Web3 initiatives, demonstrating the growing interest in the blockchain economy among venture capitalists. According to a Huobi spokeswoman, the new investment arm, dubbed Ivy Blocks, has over $1 billion in crypto assets under control to deploy. The funds will be used […]