Blockchain Gaming

Galaxy Asset Management Raises $113 Million for Crypto Venture Fund

Friday. July 26 at 2:00 AM

1 min. read

Galaxy Asset Management has secured $113 million for a new crypto venture fund, providing a potential boost to cryptocurrency startups exploring innovative use cases. Spearheaded by billionaire Michael Novogratz, the fund will target early-stage crypto ventures, particularly those involved in cryptocurrency software, infrastructure, and financial applications. With plans to invest in around 30 companies initially, the Galaxy Ventures Fund I LP aims to reach a $150 million goal by 2025. This funding injection could serve as a crucial financial support system for emerging crypto projects, potentially paving the way for the next major crypto protocol. Galaxy's bullish stance on blockchain technology aligns with their investment strategy, with the fund set to allocate between $3 million to $5 million per project. The resurgence of venture capital interest in the crypto sector is evident, as seen with Paradigm raising $850 million for its third fund focused on early-stage crypto and blockchain startups.

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Global Crypto Awareness on the Rise Amidst Trust Issues in Traditional Finance

Tuesday. December 10 at 10:00 PM

A recent global survey conducted by Consensys and YouGov reveals that crypto awareness has surged to 93% as trust in traditional financial systems wanes. The report indicates a growing understanding and adoption of cryptocurrencies worldwide, particularly among younger men aged 25 to 44. Ownership and investment in digital assets have also seen an uptick, with Nigeria leading in ownership rates. Despite these positive trends, barriers such as market volatility, scams, and lack of clear entry points persist, hindering broader participation. Concerns about centralized platforms and a desire for more control over online identities and data are prevalent among respondents. Blockchain technology is seen as a potential solution to address these challenges, with a majority expressing distrust in traditional financial systems. The survey underscores the need for education and reform in the evolving digital landscape, as users increasingly seek ownership and control over their digital presence.

Blockchain Gaming

Dimo's Migration to Base: A Strategic Move for Future Growth

Tuesday. December 10 at 7:00 PM

Dimo, a platform facilitating developers to create apps and drivers to monetize their data, is transitioning from Polygon to Coinbase's Base Ethereum scaling network. Co-founder Rob Solomon sees this shift as a gateway to valuable partnerships. The project aims to establish a global API layer for cars, envisioning a future with AI car mechanics and data-selling opportunities for users. While currently operating on Polygon, Dimo plans to switch to Base layer-2 chain for enhanced collaborations. Solomon highlights potential partnerships with projects like Cario and Blackbird. The migration is scheduled for late 2025, with minimal impact on platform users. Base, backed by Coinbase, offers a robust ecosystem attracting various projects. Dimo sees Base as a strategic fit for its long-term goal of revolutionizing the car industry. Solomon foresees Dimo's blockchain technology replacing traditional vehicle identification systems, streamlining processes like payments and credentials. This vision aligns with Dimo's ambition to be a pivotal player in the automotive sector, with Base as its preferred platform for growth.

Blockchain Gaming

Collaboration for Blockchain Gaming: Zoppel Launching on Skale Network

Tuesday. December 10 at 9:00 AM

Skale Labs and Sequence are joining forces to support upcoming blockchain games, starting with the launch of mobile shoot ‘em up game Zoppel: The Legend of Furiax on the Skale network. Zoppel, a vertical spaceship shooter, will have its alpha test on Android and iOS on December 15, marking the beginning of the partnership. The game, based on an original science fiction IP, will be accompanied by a graphic novel shipping in January. Skale Labs, known for Skale, an Ethereum layer-2 scaling network gaining traction in gaming, is collaborating with Sequence, a blockchain gaming platform by Horizon. Future games like Sheertopia, The Last Monarchy, Netherak Demons, and Olderfall will also launch on Skale with support from both companies. The integration of Sequence Builder toolset with Skale's Nebula mainnet aims to enhance game development and player experiences in the gas-free blockchain environment.

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Enigmatic Enron Revival Sparks Speculation

Tuesday. December 10 at 8:00 AM

The rebranded Enron Corporation, now known as Connor Gaydos, has announced a groundbreaking technology summit in January. The company, led by Gaydos, aims to revolutionize the energy sector with a transformative new technology. Despite the dramatic announcement, details about the technology remain undisclosed, adding an air of mystery to the event. Speculation surrounds the company's intentions, with hints of exploring crypto assets and a blend of nostalgia and modern marketing tactics. The announcement has generated both curiosity and skepticism, as industry watchers question whether the revival is a genuine innovation or a satirical commentary on corporate history. The upcoming Enron Power Summit on Jan. 6 is eagerly anticipated, promising to be a turning point for the energy industry. While the event's nature and promised breakthrough remain unclear, the revived Enron's return after two decades has captured the attention of many.

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