NBA Star Spencer Dinwiddie’s Crypto-Fueled Social Media App Raises $7.5 Million
According to an announcement revealed on Thursday, Spencer Dinwiddie’s token application called Calaxy has raised $7.5 million in funding. The American professional basketball player for the NBA’s Brooklyn Nets has been a fan of blockchain technology for quite some time, as the point guard raised $1.3 million tokenizing his contract on the Ethereum blockchain. Hedera Hashgraph-Powered Calaxy Raises $7.5 Million The NBA star Spencer Dinwiddie’s token application Calaxy raised $7.5 million in funding according to statements sent to Bitcoin.com News. The capital raise....
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Two years ago, an onchain social network called memo.cash was launched and the application has developed quite a bit since then. On Tuesday, the Memo team revealed that the platform is now available for iOS phones via the App Store. Apple users can now connect to the social network that etches a user’s content to the Bitcoin Cash blockchain. During the last few years, especially with deplatforming on the rise, uncensorable forums, immutable streaming video apps, and onchain social media projects have been developed. Worldwide governments in collaboration with Big Tech have managed....
It was back in mid-March when Zillow.com CEO Spencer Rascoff was reconsidering his bitcoin skepticism. He did so in the form of a Twitter post, announcing to the world he was the owner of some newly-acquired bitcoin. "Bought some bitcoin this morning," he wrote at the time. "Buckle up." "I look forward to exploring more about bitcoin in the future, and possibly investing more in the currency and the sector. Given the surprisingly high level of interest in this topic, I will also probably blog about my thoughts on bitcoin when I have time," he told NEWSBTC at the time in a statement. Now,....
ChangeTip, the viral social media tipping platform, raised $3.5 million in a Series A funding round led by Bitcoin investment firm Pantera Capital, with participation from DCG, CryptoCurrency Partners, Bold Star Ventures, and others. As mentioned in Pantera Capital's press release, the latest round of funding will be allocated towards bettering the platform's infrastructure by focusing on "product enhancement, platform engineering development, and user acquisition." Already a craze on leading social media channels, ChangeTip claims to have brought over 50,000 users to the Bitcoin....
Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestop shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number of cryptocurrency advocates believe the only true way to stick it to the bankers and Wall Street is to leverage digital assets like bitcoin. Reddit’s Favorite Stocks Begin to Feel Pain Last week, news.Bitcoin.com published numerous reports on the fiasco that started on the Reddit forum....
Phil Spencer, head of the Xbox brand, believes that the metaverse has been with us since 30 years ago, when digital gaming was largely introduced. However, Spencer criticized play-to-earn (P2E) models, stating that they create a workforce out of a kind of gamer who needs to monetize the time spent playing. Xbox Boss Phil Spencer Believes the Metaverse Has Been Here for Some Time The metaverse and its current conceptions have been the subject of debate and criticism. The current head of the Xbox brand and CEO of gaming at Microsoft, Phil Spencer, offered his skeptical take on how the....