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Technologies such as artificial intelligence (AI), generative AI (genAI) and blockchain are revolutionizing operations. This article delves into the transformative potential of AI, genAI and blockchain to drive sustainable innovation. Similarly, blockchain technologies have faced scrutiny for their energy consumption.
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.
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.
The company develops blockchain platforms that can work with financial institutions’ existing infrastructure, and its core technology is also used in GreenSTACS for environmental, social and governance (ESG) investments. Project Ubin, the Singaporean money authority’s blockchain initiative, moves closer to commercialization.
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
It works across multiple blockchains as well. And this acquisition is certainly helping other crypto infrastructure companies proving that they’re valuable. DeFi aims to bridge the gap between blockchains and financial services. You can earn staking rewards on Ethereum 2.0, PayPal acquired Curv just a couple of weeks ago.
The video-game industry has always been on the bleeding edge, but blockchain gaming is still widely viewed as emerging technology. In October 2021, Valve banned all blockchain-related games from its Steam platform. What was your initial reaction on hearing about Steam’s ban on blockchain games?
To speed and cheapen transactions on Ethereum, developers are looking toward so-called Layer-2 (L2) blockchains, which build on the Ethereum network, offloading the computational stresses while still writing transaction data to the main network. Crypto VC firm Paradigm debuts monster $2.5 billion fund.
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.
Drawing from current deployment patterns where companies like OpenAI are racing to build supersized data centers to meet the ever-increasing demand for compute power three critical infrastructure shifts are reshaping enterprise AI deployment. Here’s what technical leaders need to know, beyond the hype.
Meet Tatum , a blockchaininfrastructure 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.
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 crypto industry has long been criticized for its disconnection with the real world, but there are players who try to show that the underlying blockchain technology can solve some of our most pressing challenges in today’s society — especially in regions where basic infrastructure is lacking.
Spatial Labs , a web3 infrastructure and hardware company, announced today the closing of a $10 million seed round led by Blockchain Capital with participation from Marcy Venture Partners, the firm co-founded by Jay-Z. The metaverse to us is not a virtual space that people go to spend time in. .”
Data sovereignty and the development of local cloud infrastructure will remain top priorities in the region, driven by national strategies aimed at ensuring data security and compliance. The Internet of Things will also play a transformative role in shaping the regions smart city and infrastructure projects.
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.
ADIB-Egypt has announced plans to invest 1 billion EGP in technological infrastructure and digital transformation by 2025. The investment in digital infrastructure is not just an extension of these efforts, but a strategic move to drive efficiency, innovation, and customer satisfaction to new heights.
Despite shaky markets, a steady stream of investors continue writing big checks for blockchaininfrastructure 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.
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).
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.
Nillion, a web3 startup aiming to build a non-blockchain decentralized network, closed an oversubscribed round of more than $20 million, the company exclusively told TechCrunch. Nillion is a deep technology infrastructure project,” Andrew Yeoh, the company’s founding chief marketing officer, told TechCrunch.
Xage (pronounced Zage) is a startup working to keep critical infrastructure like oil and gas pipelines, water supplies and electrical grids up and running securely. Xage uses a bunch of complex technology to help keep critical infrastructure safe. Industrial infrastructure tends to be older and relies on fairly brittle security.
Engineers are the bedrock of any tech product, and blockchains are no exception. As the race between different chains heats up, communities of loyalists are duking it out to attract developers to their blockchain of choice in hopes that doing so will turbocharge growth.
The company has been building infrastructure and white-label services for enterprise clients that want to offer cryptocurrency products to their own customers. It’s an alternative to gold ETFs that should be more efficient as it lives on the Ethereum blockchain. Paxos has raised a $300 million Series D funding round led by Oak HC/FT.
Crypto custody platform Fireblocks is quite possibly “the most successful and least-known company in the blockchain space,” as described by its co-founder and CEO Michael Shaulov in an interview with TechCrunch. Fireblocks supports custody across 25 different blockchains, according to Shaulov. “It’s
The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. The company said it will use the new funding to continue to grow the business by investing in open infrastructure.
Founded in 2017 and owned by blockchaininfrastructure firm ICHX, iSTOX’s goal is to open private capital opportunities, including startups, hedge funds and private debt, that are usually limited to a small group of high-net-worth individuals to more institutional and accredited investors. (It million in funding.
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.
Data sovereignty and local cloud infrastructure will remain priorities, supported by national cloud strategies, particularly in the GCC. What steps do you think organizations in the Middle East will take in 2025 to strengthen their cybersecurity infrastructure? The Internet of Things is gaining traction worldwide.
As organizations continue to implement cloud-based AI services, cloud architects will be tasked with ensuring the proper infrastructure is in place to accommodate growth. Organizations have accelerated cloud adoption now that AI tools are readily available, which has driven a demand for cloud architects to help manage cloud infrastructure.
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. In a sense, the blockchain structure enables code to describe a variety of verifiable agreements between people and systems. . Peercoin and proof of stake.
Considering the number of investors who are all-in on e-commerce, fintech, cybersecurity, cloud infrastructure, crypto and B2B SaaS, a room full of VCs might look like a crowd of Spider-Man clones pointing at each other. 6 tips for launching a blockchain startup. 6 tips for launching a blockchain startup.
Notifi , a communication infrastructure platform for web3, said Tuesday it has raised $10 million in an oversubscribed seed funding co-led by previous backers Hashed and Race Capital. Its platform allows web3 developers to integrate multichannel communication into their applications without building the infrastructure themselves.
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
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.
Crypto custody and fintech infrastructure startup Prime Trust is positioning itself to do just that, and the company has just raised over $100 million in fresh funding to add new products to its existing suite, its CFO Rodrigo Vicuna told TechCrunch. . Taking a step back, I think, has the macro market impacted the investment world?
A veteran cybersecurity expert, Avi led R&D teams for the Israeli Prime Minister’s Office and was head of R&D at GK8, a blockchain cybersecurity firm. Ironically, the answer in both cases greatly depends on the code and the data infrastructure that will power every interaction in the realm.
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.
Financial infrastructure startup Fidel API has raised $65 million in a Series B funding round led by Bain Capital Ventures. With this infrastructure, developers are able to create highly contextualized and event-driven user experiences at the point of purchase,” it claims. The company did not disclose its valuation.
The integration will enable a bidirectional connection between the Filecoin Network and smart contract enabled blockchains such as Ethereum. infrastructure […]. Smart contract developers will now have a full Web 3.0
One of the company’s clearer growth roadblocks has been infrastructure issues native to the Ethereum blockchain that its marketplace has been built around. Beyond Polygon, OpenSea has plans to integrate with Dapper Labs’ Flow blockchain, as well as Tezos down the road, the company says.
The company will use its proceeds for the development of DeFi as a service (DFaaS) infrastructure and its existing custody services such as wallet as a service (WaaS), trading and staking as a service (StaaS). ConsenSys raises $65M from JP Morgan, Mastercard, UBS to build infrastructure for DeFi. Binance Labs leads $1.6M
Phantom is part of a new class of crypto startups looking to build infrastructure that streamlines blockchain-based applications and provides a more user-friendly UX for navigating the crypto world, something that can make the entire space more approachable to a non-developer audience. billion Crypto Fund III. .
As proof that web3 is not some passing trend, blockchaininfrastructure 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. It launched its offering in August of 2020.
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