Author: CryptoHoppers
Published 1 minute earlier on Web3 venture firm Hack VC closed $150 million for its first venture fund, aptly called Venture Fund 1.The closed funding brings the firm’s total assets under management to $425 million, according to a company release. Hack VC said it intends to use the funds to finance early-stage startups developing infrastructure in security, capital-efficient decentralized finance and the intersection of web3 and artificial intelligence. “We deploy anywhere from a few hundred thousand dollars into solo founders or incubations to several millions of dollars into projects in which we have conviction,” said Hack VC Co-Founders and Managing Partners…
AltLayer, an innovative player in the realm of decentralized protocols, has completed a strategic funding round, amassing $14.4 million to bolster its rollup infrastructure. This financial milestone was achieved through the collective efforts of leading investment firms, with Polychain Capital and Hack VC at the helm as co-leaders of the round. The involvement of other significant contributors, including OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG, and TRGC, underscores the broad industry support and confidence in AltLayer’s vision and technological proposition. Pioneering rollup infrastructure expansion AltLayer stands at the forefront of decentralized technology, offering a platform…
In the last 17 days, the value of artificial intelligence (AI) cryptocurrency assets has soared, with a significant addition of $10.21 billion to their overall market value. This surge aligns with the unveiling of Openai’s latest innovation, a generative AI-powered application capable of converting text into video. AI Cryptocurrency Sector Explodes With 142% Growth Following […] Source link
In a groundbreaking moment for the digital art world, an exclusive interview on NFTNOW on February 19 unveiled one of the most significant on-chain digital art transactions to date. A collection of 10 Autoglyphs, created by the innovative minds at Larva Labs in April 2019, found a new home for a staggering 5,000 ETH (approximately $14.536 million). This sale, facilitated by the crypto art brokerage platform Fountain, marks a pivotal moment in the evolution of art and technology. The Rarity of the Collection What sets this transaction apart is not just the eye-watering figure but the uniqueness of the collection…
Bitcoin last danced below $50,000 on February 14, 2024, and has since then experienced a new height. BTC has maintained the jump above $50,000 conveniently, now opening up to speculation that it could soon surpass the milestone of $60,000 by summer, that is, June. Analysts said that Bitcoin can surge to that extent. They have, however, also issued a warning before diverting funds to the crypto sphere. For starters, all eyes are on the Bitcoin Halving event. It is scheduled to happen in April of this year. Bitcoin halving would slash mining rewards and bring down the number of tokens…
Solana announces integration with Filecoin. This has contributed to the FIL price increase, which was about 7% as of Saturday’s most recent report. Enhancing blockchain security, achieving scalability, and bolstering decentralization for Solana are the goals of the integration. Furthermore, the utilization of Filecoin will aid Solana in her efforts to decrease redundant data. The integration came after Solana faced several criticisms about its centralized storage solutions. Filecoin will now help the network move away from that image while improving reliability for developers and users. Users, indexers, explorers, and developers will be able to access Solana’s block history. What stood…
This week, WLD token from the Worldcoin project soared by 142.7% against the U.S. dollar, topping the chart as the week’s most significant gainer. Hot on its heels was the digital currency bitget token (BGB), which saw an increase of just over 58% in the past week. Conversely, Astar (ASTR) experienced a decline of 6.4%, […] Source link
In the immersive universe of Pixels, players are treated to a rich tapestry of gameplay mechanics, economic strategies, and social interactions that redefine the metaverse and MMORPG experience. This article delves into the core gameplay mechanics, the future of in-game developments, and the role of $PIXEL, the game’s premium currency, to provide a holistic view of what makes Pixels a standout title in the world of digital gaming. Primary Gameplay Mechanics: The Heart of Pixels At the core of Pixels lies a diverse range of primary mechanics, seamlessly blending traditional RPG elements with innovative gameplay to create a unique virtual…
A dark cloud hangs over the Australian federal police as one of its own, Officer William Wheatley, stands accused of a daring crypto heist. The missing loot? A staggering 81.62 Bitcoins, valued at a then-humble $309,000 in 2019, but now a cool $4.2 million. This high-profile case hinges on cutting-edge crypto-tracking technology and raises critical questions about digital asset security in the face of evolving cybercrime tactics. From Raid To Riddle The story begins in January 2019, when federal police officers raided a residence suspected of drug activities. Among the recovered items was a Trezor hardware wallet, a secure device…
Blockchain technology emerges as a potential robust solution to the persistent issue of counterfeit medicines in the pharmaceutical sector. According to Goldstein Market Intelligence’s forecast, the estimated impact of counterfeit medicines is a staggering $5.3 billion this year. Despite these challenges, industry experts express optimism about the transformative impact of blockchain technology in addressing this pressing concern. Is Blockchain The Solution To Counter Fake Drugs? In a recent interview with Sunday PUNCH, Oluseyi Akindeinde, the CEO of Hyperspace Technologies, highlighted the potential of blockchain in safeguarding the pharmaceutical sector. Akindeinde emphasized that blockchain’s ability to serialize pharmaceutical products and assign…