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Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel’s new fund. We realized that in order for space to thrive and build to its full potential, we needed to build a developer platform layer for blockchain,” Viswanathan told TechCrunch.
If blockchain technology is to reach true mass adoption, it will have to become cheaper and more efficient. Low transaction throughput on some of the most popular blockchains, most notably Ethereum, has kept gas fees high and hindered scalability. million funding round last week. . million funding round last week. .
Exactly six months after raising $80 million at a $505 million valuation, blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that values the company at $3.5 For one, it represents one of a16z’s largest Web3/blockchain investments to date. In June, the firm revealed its $2.2
Tenderly, a startup that aims to make it easier for web3 developers “of all skill sets” to build blockchain products, has raised $40 million in a Series B round of funding – just months after closing on its Series A. It now covers a whole range of blockchains such as Ethereum, Avalanche, Fantom, Optimism and Arbitrum.
Big names like Starbucks and Nike were quick to adopt blockchain tech, but it will still be a while until we see the enterprise space embrace the tech.
Taking blockchain technology private for the enterprise. Blockchain technologies have been made popular by the creation of bitcoin, but how exactly can a blockchain benefit an enterprise? A blockchain provides an immutable store of facts. This is a fundamental feature of a blockchain. The concept of consensus.
Marketers and decision-makers, already suffering from FOMO about opportunities within gaming, have latched onto buzzy trends like the applications of blockchain in gaming and the “metaverse” in an effort to get ahead of the trend rather than constantly play catch-up. and collecting “skins” (i.e.,
Meet Tatum , a blockchain infrastructure startup that wants to make it much easier to develop your own blockchain-based product. While blockchain development was quite easy at first, it quickly became much more complicated as new blockchains emerged. There are now dozens of different blockchains.
But blockchain technology, whose re-emergence from the cold pings back to his 2008 white paper, is no stranger in the room. Over a decade since the white paper, blockchain technology has found fame (and infamy) through cryptocurrencies like Bitcoin and Ethereum. Digital Identity Verification On Blockchain Take a seat.
Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Since its inception ten years ago, there has been plenty of hype around blockchain. An overview of Blockchain in Business Process Management (BPM).
The startup, based out of Cambridge, England, says it is building tooling that focuses on “autonomous agents, network infrastructure, and decentralised machine learning” that help enable communication and actions between AI applications, the idea being to make the work produced by them more actionable. and Europe). Using Fetch.ai
Encrypted blockchains provide transparency for the protocol but privacy for the users, so people aren’t required to show their identities when transacting, Williamson said. In general, public blockchains lack a “missing piece” of encryption, which could enable more use cases by providing privacy on a case-by-case basis, Andrews said.
Consumer credit reporting agency TransUnion recently announced it had invested an undisclosed sum in Spring Labs, which is building out a blockchain-based data-sharing platform. Blockchain and taking the politics out of tech. Now, TechCrunch has exclusive details on the size of that round and the nature of the relationship.
Despite shaky markets, a steady stream of investors continue writing big checks for blockchain infrastructure providers. InfStones , which aims to help clients build applications across a number of blockchain platforms, closed a $66 million round led by SoftBank Vision Fund 2 and GGV Capital, the company announced on Wednesday.
In recent years, three technologies have dominated the tech landscape: Python, Artificial Intelligence (AI), and Blockchain. This blog explores the intersection of Python, AI, and Blockchain, highlighting how they complement each other and the opportunities they create for developers and businesses. Why Python, AI, and Blockchain?
Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least for now, as investment keeps pouring into the industry. Oasys, a Japan- and Singapore-based startup that’s building a blockchain for gaming developers, has just raised $20 million.
Blockchain is one of the great blindsides in the history of technology. The basic idea of leveraging blockchain to build Turing machines was introduced there. There are devils in the detail here—implementing such a system is a substantial challenge—but not only is it possible, it also opens up applications with unique characteristics.
Payment protocol Aeon has introduced an authorization payment feature built on the TON blockchain. “By By contributing to the TON ecosystem’s infrastructure, Aeon enhances the usability of blockchain technology in everyday scenarios,” the Singapore-based company said in a news release Friday (Nov.
Blockchain is hot right now. Blockchain is no longer only relevant to cryptocurrency, either—blockchain-based applications are emerging to support many other scenarios that require decentralized data storage and accessibility. The post Trends in Blockchain for 2022 appeared first on DevOps.com.
Avalanche , a relatively new blockchain with a focus on speed and low transactions costs, has completed a $230 million private sale of AVAX tokens to some well-known crypto funds. Like Solana and other newer blockchains, Avalanche wants to solve the scalability issues that older blockchains face. The equivalent of $1.3
Cloud security takes center stage As businesses migrate more applications and data to the cloud, securing these resources becomes paramount. Zero Trust Network Access will become the standard for secure application access control, not just network access. SD-WAN layered with AI has a role to play here.
After a dark few years in the wake of the FTX collapse and the digital currency winter that followed, theres light at the end of the tunnel, and optimism is returning to the enterprise blockchain industry. This time, the focus is squarely on utility and scalable ledgers.
The great regulatory bureaucracy has awakened to the significance of blockchain-enabled technology, led by the SEC. . Meanwhile, technologists and entrepreneurs are creating new applications that affect the answer. . Ripple created the XRP coin, designed for blockchain-based payments. Blockchain, Regulation
Emerging technologies like 5G, blockchain, and quantum computing will see increased investment in the region in the coming years. Blockchain technology will continue to find applications in finance, supply chain management, and public services, with regulatory frameworks being developed to encourage its growth.
A startup that has built a decentralized exchange as well as a cross-chain infrastructure to facilitate communication across layer 1 and layer 2 blockchain solutions is the latest to receive backing from Coinbase Ventures. So we have had all these blockchains coming up, but no connectivity between them.
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. channels like Twitter or Discord onto blockchains. What it does: Decentralized infura and marketplace for blockchain data.
Blockchain has many potential uses cases outside of cryptocurrency. Established sectors such as financial, automotive, supply chain, and mobility could soon move to adopt decentralized applications and distributed ledgers. The post Making Blockchain-Based App Dev More Accessible appeared first on DevOps.com.
The Graph, which describes itself as “the indexing and query layer of the decentralized web,” functions as a link between decentralized applications (dapps) and different blockchains, providing a data querying platform that […].
While retail investors grew more comfortable buying cryptocurrencies like Bitcoin and Ethereum in 2021, the decentralized application world still has a lot of work to do when it comes to onboarding a mainstream user base. Users can download the Phantom wallet to their browsers to interact with applications, swap tokens and collect NFTs.
From artificial intelligence to blockchain and smart cities, the UAEs tech landscape is set to host some of the most significant gatherings of innovators, investors, and entrepreneurs in the region. Here are the top tech events in the UAE for 2025, organized by date: 1.
If there is a silver lining in the experiences of the last 12 months, it may turn out to be the Great Decoupling that pivots the world of blockchain away from financial engineering and towards an acceleration of enterprise adoption of Ethereum and more compelling business applications that truly create value.
Jill Gunter is no stranger to crypto — she’s seen the market through its ups and downs, conducting research on blockchain protocols, working at multiple crypto startups and co-founding her own , and investing as a crypto VC at Slow Ventures. The first phase is what Gunter called the era of altcoins.
There’s no shortage of startups trying to make sense of the explosive growth of data generated from blockchainapplications. The Graph offers an API for developers to query blockchain data. Nansen has the support from a16z to provide on-chain data analysis for crypto investors.
Gharegozlou and the team at his startup, Dapper Labs , shipped the blockchain world’s first popular game, CryptoKitties, back in 2017. The startup has built its own blockchain, called Flow, sidestepping the popular Ethereum blockchain, which the vast majority of successful NFT platforms live on today.
The new venture is called Entrepreneur First Web3 and will accept applications until the end of May 2022, selecting two cohorts of 40-50 founders to participate in an in-person six-month programme in London. EF specializes in putting together early-career co-founders, developing their ideas and putting them in front of investors.
In the latest development, a startup called thirdweb — which has created a development toolkit to make it easier to build and launch web3 products such as blockchain games, NFTs, DAOs, marketplaces and more — has raised $24 million, a Series A that values the startup at $160 million.
Cryptocurrency and blockchain had a breakout year in 2021. Have we reached a point where crypto and blockchain reach mass adoption? Even though DeFi, cryptocurrencies, blockchains, NFTs and a slew of other products came online in 2021, only about 1% of the world’s population has a unique crypto wallet. Rodrigo Vicuna.
DeFi aims to bridge the gap between decentralized blockchains and financial services. Xend Finance is plugging these gaps using blockchain technology. Its technology is built on Binance Smart Chain (BSC), a blockchain for developing high-performance decentralized applications. Image Credits: Xend Finance.
“With interest in the crypto revolution soaring across Asia, it’s high time to expand blockchain infrastructures to meet the rising demand, especially as we’re seeing growing enthusiasm among institutions,” said the company CEO and co-founder Discus Fish, also known as Shixing Mao. “In Binance Labs leads $1.6M
As proof that web3 is not some passing trend, blockchain infrastructure startup Alchemy announced today that it has closed on a $200 million Series C1 equity round that values the company at $10.2 For the unacquainted, web3 refers to a decentralized web based on the blockchain. ‘AWS for blockchain’ Alchemy boosts valuation to $3.5B
In comparison, Blockchain tech only arrived at the scene sometime in 2008, and is still considered comparatively ‘new’. Developers and companies alike are still learning how to adopt Blockchain. But, is a Blockchain conference enough to fulfill this goal of interaction, adoption, and learning? What are conferences?
Top Shot has already notched over $500 million in sales for its animated trading cards featuring things like LeBron James dunking, and the sky (at least for now) is seemingly the limit for the collectible applications of blockchain. The NFT market is just getting started, but where is it headed?
Vessel Capital , a web3 venture fund, has emerged from stealth with $55 million in assets under management to invest in infrastructure and applications, the firm exclusively told TechCrunch. Founded by Mirza Uddin, Eric Chen and Anthony Anzalone, the firm has been investing about $10 million annually, Uddin said.
Once quantum computers mature, bad actors and cyber criminals can introduce the following key risks: Fraudulent Authentication : Bypass secure systems, unauthorized access to applications, databases, and networks. Observe Develop a complete inventory of cryptographic assets from both a network and application perspective.
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