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Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets

TechCrunch

Despite African governments’ inconsistent stance on cryptocurrencies, these countries house most of the continent’s crypto and blockchain startups. Chief executive officer Ruth Iselema founded the Africa-focused blockchain payments startup in 2019. Adam Umar is the company’s CTO, while Akinbola Asalu is the COO.

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Social investment platform eToro to acquire fintech startup Gatsby for $50M

TechCrunch

Multi-asset social investment network and Robinhood competitor eToro has signed a definitive agreement to acquire Gatsby — a fintech startup which also aimed to go head to head against Robinhood — for $50 million in a cash and common stock deal. The company first filed for regulatory approval in December of 2021.

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Find trends, advice and value at these special breakout sessions during TC Disrupt 2021

TechCrunch

TechCrunch Disrupt 2021 takes place September 21-23, and we’re here to call out just some of the awesome content we have scheduled over three very busy days. You gotta pay to play: Buy your pass to Disrupt 2021 here and open a door to opportunity. You gotta pay to play: Buy your pass to Disrupt 2021 here and open a door to opportunity.

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Makers Fund-backed virtual social app MEW woos comic fans in the US

TechCrunch

Raven Gao didn’t set up virtual social platform MEW to ride the metaverse wave. He began working on MEW in mid-2019 with a Tencent veteran because he wanted to build a virtual safe haven for socially awkward introverts like himself. In 2021, when “metaverse” became all the rage in both the U.S.

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Ancient8 secures $4M in seed to democratize social and financial access in the metaverse

TechCrunch

Ancient8 , Vietnam’s blockchain gaming guild, develops a community and software platform to enable everyone to play P2E (play-to-earn) games and build the metaverse while earning rewards. “We We are excited to build the infrastructure layer for the future of blockchain gaming and the Metaverse.”

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Meet the newest crypto builders from web3 accelerator Alliance DAO’s demo day

TechCrunch

About three-fourths of the teams are focusing on NFTs, infrastructure or decentralized finance (DeFi), while the majority of the teams are building on layer-1 blockchains Ethereum, Polygon and Solana. What it does: Exclusive social clubs on top of NFTs. channels like Twitter or Discord onto blockchains. Stage: Seed round.

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Glow Labs raises seed round to help NFT creators reward their loyal customers

TechCrunch

The NFT market was worth $41 billion at the end of last year — nearly as large as the conventional art market by some estimates — and it’s expected to nearly double in size by the end of 2022, according to a report released this week by blockchain analytics firm Nansen.