Blockchain Gaming

Crypto Startups See Increase in Venture Capital Funding Despite Decrease in Deals

Monday. August 12 at 12:00 PM

1 min. read

According to Pitchbook data, crypto startups received slightly more venture capital funding in Q2 compared to Q1, despite a decrease in the number of deals. The total invested capital saw a 2.5% increase, while the number of deals dropped by 12.5%. This trend suggests growing interest from institutional investors in the crypto market. Pitchbook predicts a continued rise in investments throughout the year, especially in infrastructure projects. Notable funding rounds in Q2 included Monad, BeraChain, and Babylon. However, overall funding for crypto startups has slowed compared to previous years. The report also highlights increased competition in early-stage fundraising. Despite this, the industry has seen significant funding inflows since 2014. Venture capital firms like Pantera Capital and Paradigm are also raising substantial funds for crypto investments, indicating continued interest in the sector.

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AI Agents Form Complex Societies in Minecraft Simulation

Wednesday. September 11 at 2:30 AM

California-based startup Altera has introduced Project Sid, a revolutionary simulation involving over 1,000 autonomous AI agents collaborating in a Minecraft world. Led by CEO Robert Yang, the project aims to study how AI agents can create intricate societies and address challenges collectively. These agents operate independently for extended periods, establishing their own economy, culture, religion, and governance. They have showcased impressive abilities, such as developing a market economy, engaging in religious activities, and participating in democratic processes. The simulations have explored various scenarios, including different political leadership styles, demonstrating how AI decision-making can be influenced by the prevailing political climate. While the project has received attention for its achievements, it also raises concerns about the implications of advanced AI systems on society. As technology progresses, researchers and ethicists may need to address new challenges related to AI autonomy and decision-making.

Blockchain Gaming

Polygon Successfully Migrates 6.50 Billion MATIC Tokens to POL

Wednesday. September 11 at 2:00 AM

Polygon has completed the migration of 6.50 billion MATIC tokens to POL, a significant milestone in the network's transition plan. This represents a 64.8% conversion rate, indicating progress in the shift to POL as the native token. The migration process began on September 4, 2024, as part of the Polygon 2.0 roadmap to enhance scalability and security. POL now serves as the token for gas fees and staking, offering features like multi-chain staking for improved network security. Traders have shown interest in swapping MATIC for POL due to the 1:1 conversion rate. The broader utility of POL, including enhanced governance controls and fee generation, makes it attractive to long-term investors. Despite some confusion among retail traders, the transition is being guided by detailed steps from the Polygon team and clarification from social media influencers. MATIC will gradually be phased out as users adjust to POL.

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Allegations of Deception in Montenegro's Crypto Sector

Tuesday. September 10 at 2:00 PM

President Jakov Milatović of Montenegro has accused Prime Minister Milojko Spajić of dishonesty regarding his association with Do Kwon, the controversial co-founder of Terraform Labs. Milatović claimed that Spajić denied knowing Kwon during a crucial moment, despite previous interactions and deals involving Terra Luna tokens. The President highlighted Spajić's introduction of George Cottrell, a British national facing serious charges in the US, as an advisor, leading to concerns about transparency. Milatović emphasized the need for Montenegro to combat criminal activities and uphold a positive international image. The extradition decision to send Kwon to South Korea over the US, due to a prior extradition treaty, marks a significant development in the ongoing legal battle. Meanwhile, Terraform Labs' token, Luna Classic, has shown price fluctuations in the crypto market. Overall, the situation underscores the challenges and controversies in Montenegro's crypto landscape.

Blockchain Gaming

The Rise of Shiba Inu and Mpeppe: A Blend of Meme Coins and De-Fi

Tuesday. September 10 at 1:30 PM

Shiba Inu (SHIB), a popular meme coin, is experiencing a resurgence in bullish sentiment, impacting new projects like Mpeppe (MPEPE), an ICO merging casino gaming with blockchain tech. SHIB's resilience and developments like ShibaSwap and Shibarium contribute to its bullish trend. This positivity extends to Mpeppe (MPEPE), a meme-based crypto blending meme culture, De-Fi, and online gaming. MPEPE offers De-Fi features like yield farming and NFT-based gaming assets, attracting both gamers and investors. The integration of De-Fi protocols in MPEPE's gaming platform allows players to earn rewards while playing. Shiba Inu's expansion into De-Fi and NFTs has sparked investor interest, benefiting the broader meme coin market. Both SHIB and MPEPE are establishing themselves as leaders in the crypto and gaming sectors, offering a mix of excitement and growth potential.

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