The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc....

Aptos (APT) has been making the rounds within the crypto areas on social media for greater than two months now. This new community caught...

OKX Blockdream Ventures, the investment arm of crypto exchange OKX, on Tuesday said it will launch a $10 million fund to support projects on...

San Francisco, United States, 17th October, 2022, ChainwireAnkr, one of the world’s leading Web3 infrastructure providers, today announces that it has become one of...

Decentralized financial (DeFi) infrastructures Wormhole and Pyth, powered by Jump Crypto, said at the Messari Mainnet conference that they will support the much-anticipated blockchain...

Solana blockchain explorer and indexing provider SolanaFM has raised $4.5 million in a seed funding round led by Japanese financial services company SBI Group’s...

Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from July 2022. I have included...

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc....

This year, Silvergate Capital paid $182 million for Diem’s technology assets, bringing an end to Facebook’s plan to build a crypto payments network. The deal underscores how the social network giant, now Meta, has just a limited number of regulatory-approved options for becoming a prominent player in the blockchain space. These well-known investors participated in a strategic investing round, which was led by investors including Tiger Global, Multicoin Capital, Katie Haun and Coinbase Ventures. Blockchain System For Aptos Aptos, a project founded by ex-Facebook employees who just left the firm in December, has already received unicorn money from Andreessen Horowitz and other prominent web3 investors. Aptos Chief Executive Officer Mo Shaikh said in a recent blog post: “We are the founders, researchers, designers, and builders of Diem, the first blockchain developed for this purpose… while the rest of the world never saw what we produced, our job is far from done.” Aptos has disclosed that it has raised $200 million in capital from Tiger Global, Katie Haun, Multicoin Capital, 3 Arrows Capital, FTX Ventures, and Coinbase Ventures to pursue its goal of establishing a blockchain scalability system. Another prominent first-round investor is Silvergate Capital, while the Aptos team assures that they will not license or use any of Silvergate’s Diem IP as they develop their blockchain. Related Article | Gloomy Crypto Future? Book Author Warns We’re In The Biggest Bubble In History Crypto total market cap at $1.78 trillion on the daily chart | Source: TradingView.com No Direct Link With Facebook However, some in the crypto industry are skeptical of implementing Facebook’s web3 vision, even though Diem proponents like Andreessen Horowitz may rally behind a group aiming to take up the effort. “To be clear, we have no official connection with Facebook and no funding from them,” Shaikh said. As a result, Aptos sees another challenge in recruiting developers. Move, an open-source programming language developed by Meta, is being used to lure new developers to the company. The Aptos Devnet Instead of building on top of existing decentralized networks like Ethereum or Solana, Aptos will create its own decentralized network from the ground up. Additionally, Aptos launched its “devnet,” which will allow developers to explore and build on the Aptos blockchain before its public release, which the company expects to take place in the third quarter this year. The fundamental objective of Aptos is to develop a blockchain that is more scalable, faster, and has cheaper transaction fees than the current major networks. Customers that are interested in embracing blockchain technology should expect a more stable and dependable network from the project’s developers. Related Article | Abra CEO Predicts Ethereum Could Reach $40,000 – But Some Fintech Analysts Don’t Agree Featured image from SiliconANGLE, chart from TradingView.com

We are all aware that this day will arrive – and now it is here… Mark Zuckerberg, co-founder of Facebook and CEO of Meta, announced that Instagram will soon be integrated with NFTs. The goal of NFT integration is to give users the capacity to display and mint their non-fungible tokens (NFTs) on the social [...]

The post Instagram To Integrate NFTs Soon, Says Mark Zuckerberg appeared first on Blockonomi.

Former employees of the defunct Diem (or Meta) platform have secured $200 million from venture capital firms to launch their version of the Diem project. [...]

Although much of the current talk about venture is around a slowdown, all things Web3 and the decentralized web seem to be immune to that