CoinFund Launches $300M Web3 Fund
CoinFund, an investment firm that only works with cryptocurrencies, started a $300 million venture capital fund to support blockchain projects in their early stages. This shows that investors are confident in an industry where a bear market has hit. In an interview with CoinDesk, David Pakman, CoinFund’s managing partner and head of venture investing, said […]
Tornado Cash ban spells disaster for Web3 privacy protocols
There are growing worries that the recent penalties imposed by the US government on Tornado Cash could create a “slippery slope” for Web3 privacy and ultimately render the medium “meaningless.” Shumo Chu, co-founder of the privacy protocol Manta Network, voiced concerns about the severe penalties against Tornado Cash would have a ripple impact on other […]
Prediction of a 35% Drop in the SOL price by September
Due to a traditional bearish reversal pattern, the SOL price faces a major market decline in the next weeks. While facing worries about recurrent network disruptions and centralization, Solana is following larger crypto market developments. Future SOL price adjustment of 35%? SOL price has been depicting a rising wedge on the three-day chart, which is […]
Samsung Next Insists on Web3 projects utility challenge
Even though Web3 has shown a lot of promise since its beginnings, one executive from Samsung Next believes that the utility issue is one that competitors in the industry must address. The managing director of Samsung Next, Raymond Liao, spoke in an interview about the company’s decision to invest in MachineFi, a term used by […]
Burned Carbon Credits Are Effective According to Expert
Concerns about the environment affect both the crypto industry and the rest of the world. But blockchain-based assets could help if they are used in the right way. Using nonfungible tokens (NFTs) as carbon credits or carbon offsets shows how Web3 technology can be used to make the future greener. In the markets for regenerative […]