distributed computing
The long-awaited systemwide upgrade will, experts say, reduce the blockchain’s energy consumption by about 99% by switching its transaction verification system away from “proof-of-work.”
Jumping into a flatpacked, chipboard room wasn’t my usual experience of the U.K.’s legendary Glastonbury Music Festival. But here I was, doing my best to dance around and test out…
Ever since a group of chronically online crypto enthusiasts tried to buy a copy of the U.S. Constitution in a high-profile bidding war, DAOs (decentralized…
These are turbulent times for both crypto investors and projects alike. Over the past several months, Bitcoin and Ethereum have seen substantial declines in their token prices. But investors have…
Roblox has picked up a key hire to help grow its ecosystem of user-generated content for the metaverse. Nick Tornow is joining the company as VP of Engineering for its…
Crypto-savvy developers are in short supply these days. Blockchain startups and protocols are fighting to onboard and train more engineers — an even tougher undertaking in a world where developing…
Web3 startups’ cap tables can look quite different from traditional ones. In addition to issuing equity as a form of incentive alignment for employees, as…
Vietnamese gaming studio Sky Mavis announced that it has raised $150 million in funding led by crypto exchange Binance to help reimburse users who lost funds during a ~$625 million…
Crypto gaming giant Axie Infinity, which raised last year at a $3 billion valuation from a16z, was already having a catastrophic week. It just didn’t know about it until this…
Whether you’re already a conquering whale, about to dip your toes into a stablecoin pool or merely crypto-curious, DeFi and the Future of Programmable Money is the place to be…
Despite producing global hits like “Squid Game” in 2021, Netflix’s fourth quarter returns show the streaming giant struggling to maintain a lead over its competitors. The company fell short of…
NFT marketplace OpenSea is putting some of its freshly raised funds to good use, buying up crypto wallet startup Dharma Labs, the company announced today. The announcement follows a report…
Yes, money makes the world go around, but touch-and-feel currency controlled by banks is so 2008. Cryptocurrency aims to be the decentralized future of finance, and that’s why we’re excited…
The creator of one of the earliest and most enduringly iconic virtual worlds is returning to his roots. Second Life’s founder Philip Rosedale will rejoin the company he founded in…
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WTF is .xyz?
If you’ve visited a crypto company’s website recently, you’ve probably visited a URL ending in “.xyz” instead of its cheugier counterpart, .com. From fintech Block, formerly known as Square, to venture firm Paradigm, to blockchain startups like Mirror, .xyz has become the go-to URL ending for many web3 companies. But…
As crazy as the NFT market has become, there’s been an increasing range of other things to do with NFTs other than pimp images of apes and punks — even…
After months of NFT mania and Facebook’s recent name change to Meta, it’s fair to say that “metaverse” chatter has reached a fever pitch. And while crypto investors are buying…
It’s no secret that NFTs have been a hot space for crypto speculators in the Ethereum ecosystem to diversify their holdings, and while some see a golden opportunity to shill…
Variant debuts a new $110M fund for crypto startups, announces Li Jin has joined as a general partner
While investors continue to question whether crypto will swallow up more traditional VC opportunities down the road, it certainly appears that today the blockchain space is eating up the attention…
Decentralized autonomous organizations, or DAOs, are all the rage at the moment. We’re seeing explosive growth in this sector as people experiment with building companies on top of tokens and…
The “eBay of NFTs” is running into a scandal as it admits one of its employees traded the crypto digital assets using insider information from the platform. Yesterday, a top…
Hello friends, and welcome back to Week in Review! Last week we dove into Bezos’s Blue Origin suing NASA. This week, I’m writing about the unlikely and triumphant resurgence of…
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“Developers, as you know, do not like to pay for things”
Cockroach Labs has many things going for it. The company’s approach to distributed database technology is novel, and it has the potential to gain significant market share internationally.
An update to an existing art app that allows artists to access NFT marketplaces directly could have the potential to democratize access to the NFT world for artists not currently…
As gaming platforms capitalize on pandemic-fueled traffic to their digital worlds, brands that drive culture in the physical world are fighting to ensure they don’t miss any new opportunities. A…
Vitalik Buterin donated cryptocurrencies worth $1.5 billion to several non-profit organizations, including $1 billion to a COVID-19 relief fund in India, on Wednesday in one of the largest-ever individual philanthropy…
Last week we saw some major backing of the Secret Network blockchain, as significant blockchain players Arrington Capital and Blocktower Capital invested in the privacy-first smart contract platform. What this…
NFTs were arguably already taking off when Beeple sold his NFT artwork for $69m. But another crypto project attracted attention when it bought an original Banksy artwork for $95,000. The…
The creators behind CryptoPunks, one of the most popular NFT projects on the web, just revealed their latest project, called Meebits. The project boasts 20,000 procedurally generated 3D characters that…
The NFT ecosystem is having an explosive moment and the startups that were ready to run with it are getting lots of cash to continue capturing that momentum. SuperRare, an…
