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DeFi

a16z Raises $4.5 Billion For Its Largest-Ever Crypto Fund
DeFi

a16z Raises $4.5 Billion For Its Largest-Ever Crypto Fund

Web3 gaming, DeFi, zero-knowledge proofs, decentralized social media, self-sovereign identity and layer 1 and 2 infrastructure are among the fund’s areas of focus.
WeWork’s Adam Neumann Raises $70M for Crypto Startup
DeFi

WeWork’s Adam Neumann Raises $70M for Crypto Startup

Flowcarbon has raised $70M in a token sale led by a16z. It will offer crypto-based carbon credits.
Optimism Foundation Cracks Down On Airdrop Farmers
DeFi

Optimism Foundation Cracks Down On Airdrop Farmers

17,000 addresses have been disqualified from the Optimism airdrop with 14M OP tokens reallocated.
Ethereum Rollup Startup StarkWare Closes Series D At $8B Valuation 
DeFi

Ethereum Rollup Startup StarkWare Closes Series D At $8B Valuation 

Even though the price of ETH has fallen by about 50% since early April, Ethereum scaling solutions continue to secure huge amounts of funding to address the bottlenecks that slow down the blockchain and make it expensive to use. On May 25, StarkWare, an Israeli startup building Layer 2 scaling solutions for Ethereum, announced the…
Catalog is the Deadpool of DEX's
DeFi

Catalog is the Deadpool of DEX's

Catalog is a secure, decentralized platform that makes it easy to buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and more.
Vitalik Proposes Soulbound Tokens as Web3 Credentials of the Future
DeFi

Vitalik Proposes Soulbound Tokens as Web3 Credentials of the Future

Ethereum creator Vitalik Buterin recently proposed a new kind of token standard that will help users gain insights into others’ real-world activities, accomplishments, likes and dislikes.
MakerDAO Regains Top Spot on TVL Leaderboard
DeFi

MakerDAO Regains Top Spot on TVL Leaderboard

MakerDAO is once again the largest DeFi protocol by Total Value Locked.
Filecoin and Lockheed Martin To Launch IPFS Into Space
DeFi

Filecoin and Lockheed Martin To Launch IPFS Into Space

The Interplanetary File System (IPFS), a protocol for peer-to-peer file data sharing and storage,  is set to live up to its name through a partnership with Filecoin and U.S. space and weapons company Lockheed Martin.  Filecoin, which relies on IPFS, wants to store an IPFS node on one of Lockheed Martin’s spaceships. When the spaceship…
GameStop Launches Beta Version of Non-Custodial Crypto Wallet
DeFi

GameStop Launches Beta Version of Non-Custodial Crypto Wallet

GameStop, the embattled video game store and meme stock, launched a non-custodial Ethereum browser wallet in beta on Tuesday. Users control their assets and must manage the wallet’s private keys themselves. The wallet is available from the Chrome Web Store for the Chrome and Brave browsers, and an iOS version of the app is “coming…
Federal Reserve Survey Finds 12% of U.S. Adults Held Crypto Last Year
DeFi

Federal Reserve Survey Finds 12% of U.S. Adults Held Crypto Last Year

Nearly one in eight U.S. adults owned crypto during 2021, according to a survey from the Federal Reserve on May 23. In the central bank’s Economic Well-Being Of U.S. Households in 2021 report, the Fed found that 12% of the 11,000 U.S. adults surveyed held cryptocurrency last year. About 92% of the Americans held crypto…