Crypto Biz: Smart Money is betting big on Web3, layer 2, May 19-25
Despite the apparent bear market in digital assets, venture capital continues to allocate billions to crypto and blockchain startups. Billions and billions. That’s what venture capitalists are spending to get ahead of the curve in crypto. Their latest fixation is Ethereum layer-2 scaling solutions and Web3, an umbrella term that describes the next stage of the internet’s evolution. So, while the cryptocurrency market is in a state of extreme fear, smart money investors — TradFi folks who invest with expert knowledge — continue to pour countless sums into the space. This week’s Crypto Biz....
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Decentralized betting is taking over the world. Powered by blockchain and smart contract technologies, this new breed of online betting platforms vastly improves the quality of services provided to users. Although the online betting industry continues to expand 9% annually, if we take blockchain out of the equation, not much is being done in terms of innovation. Also, users don’t place much trust in online betting platforms, and with good reasons. There are countless stories of users receiving big prizes only to get their accounts frozen or be unable to withdraw the funds. Blockchain can....
Sports just got more exciting for a new reason – you can win money! Betting adds to the conviction of the purpose sports lovers have, when they view a game. A New Tune in the Sports Arena. For sponsors of sporting action, bitcoin betting promotion is natural. For the layman, both the events seem to be similar roses on one bush, birds on the same tree, singing the same song. Hmm… Do we see a link here to online betters? Betting on My Stand. Online players find bitcoin betting promotion comfortable. Everything becomes simple and the events are well covered. What matters is the money one....
Our exploration of the new superpowers Taproot gives to Bitcoin continues. Yesterday, we defined smart contracts and covered the functionality of the Taproot-enabled ones. To summarize, Taproot gives new characteristics to Bitcoin layer one that enable smart contract expressiveness in layer two solutions. Today, the topic is privacy. What happens on the blockchain stays there […]
Eric Schmidt, the former chief executive of Google, recently shared his thoughts on cryptocurrency and Web3. Schmidt states that he has invested “a little bit” of money in cryptocurrencies, but does not specify which ones. However, he believes that the most intriguing aspect of blockchain is not digital assets. It is the Web3’s future. He […]
Irreverent Labs, Lighthouse Labs, N3TWORK Studios, DoraHacks, iZUMi Finance, Common and Centrifuge headline the latest funding deals from the world of blockchain. Bitcoin (BTC) and the broader cryptocurrency market have provided very little comfort in recent weeks, as macroeconomic headwinds and the implosion of the Terra ecosystem continue to reverberate. But, if we look beyond the immediate price action, we observe an industry that continues to grow and evolve, as well as attract sizable capital investments from major funders. The latest edition of venture capital (VC) Roundup highlights....