This year, we’ve seen plenty of evidence that NFTs can shake up the economics of selling visual art, but there’s been less activity when it comes to web3 upending the economics of different verticals in the art world, including music. Sound.xyz is a new startup looking to help recording artists monetize their community through NFTs, […]
Katie Haun is splitting off from a16z to launch her own crypto fund
Katie Haun, who co-led Andreessen Horowitz’s $2.2 billion crypto fund, is splitting off from the firm and taking a number of colleagues with her — including operating partner Rachael Horwitz — to start a new crypto-centric fund, Axios reports. Haun joined the firm in 2018 after a career as a federal prosecutor for the Justice […]
Indian Prime Minister Modi’s Twitter account was ‘briefly compromised’
The Twitter account of India’s Prime Minister Narendra Modi was “briefly compromised” on Sunday, his office said. Modi’s account — whose handle is @narendramodi — tweeted after the midnight that India had officially adopted bitcoin as a legal tender, prompting suspicions about a hack because of the timing of the announcement and also as New […]
Coinbase Ventures backs cross-chain infra Router Protocol
A startup that has built a decentralized exchange as well as a cross-chain infrastructure to facilitate communication across layer 1 and layer 2 blockchain solutions is the latest to receive backing from Coinbase Ventures. Singapore-headquartered Router Protocol said on Friday it has raised $4.1 million in a strategic funding round from Coinbase Ventures, Alameda Research, […]
Ledger to launch crypto debit card
Ledger is the latest crypto company working on a debit card that connects directly with a crypto wallet. The company unveiled at its Ledger Op3n conference plans to launch its own debit card called the Crypto Life card. While Ledger is better known for its hardware wallets, the company has been working hard on the […]
WildWorks, maker of Animal Jam and Feral, angers fans with embrace of crypto gaming
Less than a year ago, WildWorks, the makers of the kid’s virtual world game Animal Jam, launched its next big effort with a game aimed at Gen Z teens, called Feral. But in recent days, the company has angered many of its core users with news that it’s reusing Feral’s technology platform and many of […]
Long-time Lyft CFO departs to become CFO at NFT marketplace OpenSea
Lyft’s long-time CFO Brian Roberts, who took the company public, announced Monday that he was departing the rideshare company that he joined in 2014 to take the same role at NFT marketplace OpenSea. Roberts confirmed earlier reports in a Twitter post. The departure is another signal of how executives and engineers are migrating from the […]
VCs eye investment in Polygon
A number of investors including Sequoia Capital India and Steadview Capital are in talks to back Polygon, which operates a framework for building and connecting Ethereum-compatible blockchain networks, by way of tokens purchase, three sources familiar with the matter told me. The investors are looking to purchase tokens worth $50 million to $150 million, sources said, requesting […]
Stacked raises $35M to bring passive investing tools to retail crypto traders
Stacked, a web-based platform that provides passive investment tools for retail investors interested in crypto, just announced it raised a $35 million Series A co-led by Alameda Research, a crypto trading firm owned by FTX founder Sam Bankman-Fried. Bybit and BitDAO partner Mirana Ventures co-led the round alongside Alameda. Fidelity International Strategic Ventures, DRW Venture […]
Jack Dorsey dials in on his dream job — bitcoin missionary
Hello friends, and welcome back to Week in Review! Last week, we took a break from contextualization for some guides to consumption. This week, we’re looking at what’s happening in the mind of one Jack Dorsey. You can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny. the big thing While […]