Web3

Crypto Investor News for 11/17

Staples Center to be Renamed Crypto.com Arena (BBC): The tipping point has arrived. Investor takeaway: Expect everyone you know to suddenly become interested in crypto investing. We’ve gone mainstream. How India is Regulating Crypto (Economic Times): India will ban crypto for payments, ban crypto advertising, and allow crypto as investments. Investor takeaway: Overall positive news for us, as it gives a government stamp of approval on crypto investing. Thank you to India for taking the lead on thoughtful regulation. ConsenSys is Now Worth $3.2 Billion (ConsenSys): Celebrating its latest funding

How To Use Phantom Wallet

Table of Contents What is a Phantom Wallet?  Phantom Wallet is a Solana-based cryptocurrency wallet that enables users to utilize decentralized applications (dapps) and organize digital assets on the Solana blockchain. It creates private keys to secure users’ funds, assets and execute digital transactions.  The wallet is specifically built to help Solana users send, receive, store, swap, and stake tokens on a blockchain. It is non-custodial, has a built-in DEX, and supports the Ledger hardware wallet and Web3 applications.  How To Create Your Phantom Wallet 1. Visit Phantom Wallet’s official

Web3 social infrastructure startup CyberConnect raises $10 million in seed funding

CyberConnect, a crypto startup developing tools for Web3 social media, gaming, and metaverse applications, has raised $10 million in a seed funding round.Sharing the news exclusively with The Block on Tuesday, CyberConnect said Multicoin Capital and Sky9 Capital co-led the round. Animoca Brands, Draper Dragon, Hashed, Zoo Capital, Smrti Lab, and Mask Network also participated in the round, among other investors. This was an equity + SAFT (simple agreement for future tokens) round, CyberConnect founder Wilson Wei told The Block. It will help the firm double its current team of

DAO To Bid On US Constitution’s Rare Copy At Sotheby’s Auction, Here’s Why

A Decentralized Autonomous Organization (DAO) under the name of ConstitutionDAO has raised $3,7 (ETH 820.134) million from a community that intends to buy a rare first printing of the U.S. Constitution during a Sotheby’s high-profile auction meant to happen on November 18th. ConstitutionDAO is currently pooling millions of dollars, aiming to hit $20 million, hoping to “The Constitution in the hands of The People.” The project was announced through Twitter on November 12th and launched the day after. They raised $800k in the span of an hour and then hit

Livepeer Price Hits New ATH Amid Mist Acquisition and Upcoming Hackathon

Livepeer price is up over 54% today making it the biggest gainer on Crypto.com, followed by Loopring (+32.63%) and Basic Attention Token (+31.93%). With the recent price hike, the crypto also set a new all time high of $61. Let’s take a closer look at Livepeer and its LPT token and see what all the hype is about.What Is Livepeer? Launched in 2017, Livepeer is the first decentralized live video streaming network that allows users to transcode video using their GPUs in exchange for ETH and LPT rewards. LPT is

Livepeer Price Hits New ATH Amid Mist Acquisition and Upcoming Hackathon

Livepeer price is up over 54% today making it the biggest gainer on Crypto.com, followed by Loopring (+32.63%) and Basic Attention Token (+31.93%). With the recent price hike, the crypto also set a new all time high of $61. Let’s take a closer look at Livepeer and its LPT token and see what all the hype is about. What Is Livepeer? Launched in 2017, Livepeer is the first decentralized live video streaming network that allows users to transcode video using their GPUs in exchange for ETH and LPT rewards. LPT

Basic Attention Token Price Up 32% After Solana Partnership Announcement

Basic Attention Token is up 32%, making it the second biggest gainer today on Crypto.com. Currently trading at $1.33, Basic Attention Token price is close to breaking its previous all time high of $1.52, which it hit back in April. Let’s take a closer look at BAT and see what all the hype is about. What Is Basic Attention Token? Basic Attention Token is the cryptocurrency that powers the popular Brave Browser’s blockchain-based advertising platform. The Brave browser works to reward user attention in BAT tokens, and offers a competitive

DeFi Deep Dive — Covalent, Blockchain Data Unifier

One of the problems facing Web 3.0 is the unification of scattered decentralized networks. Covalent is addressing this issue. It gives developers access to smart contract data to survey the entire blockchain ecosystem.Sponsored Sponsored Covalent makes it easier for investors to glean insights and performance of digital assets. This is done through its unified API (application programming interface) that indexes blockchains. These range from NFTs to DeFi protocols. A brief history Ganesh Swami and Levi Aul started Covalent, expanding to a 35-person team. Across all personnel, they have extensive cumulative

This NFT Collection By This 12-Year Old Generates $5 Million In Record Time

The non-fungible tokens (NFT) space has been attracting a large part of the global developers’ community and even 12-year-old kids are joining the rush. Once such 12-year-old Benyamin Ahmed coder recently joined the developers’ team of Boring Banas Co. to create an NFT collection dubbed Non-fungible Heroes (NFH). advertisement This entire collection featuring 8,888 comic book-esque characters sold out in just 12 minutes for a record $5 million, as per the data on Dune Analytics. The NFT collection for NFH features heroes, villains, and gods, with their own storylines. “It

Gelato Network raises $11 million in Series A funding led by Dragonfly Capital

Gelato Network, a protocol that helps automate smart contract execution on Ethereum and other blockchains, has raised $11 million in a Series A funding round.Dragonfly Capital led the round, with ParaFi Capital, Nascent, IDEO CoLab Ventures, and Stani Kulechov, founder and CEO of Aave, also participating. This was a token sale round and the fresh capital will help support more blockchains, Gelato co-founder Hilmar Orth told The Block. Gelato Network currently supports Ethereum, Polygon, and Fantom blockchains and it is looking to add support for Arbitrum, Optimism, Binance Smart Chain,