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Formerly rich NFT buyers party through the pain

Welcome back to Chain Reaction. Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and...

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OSOM’s OV1 is now Solana’s web3 Android handset, Saga

OSOM and Nothing have quickly become two of the most fascinating companies operating the smartphone space in recent years. Nothing is the latest...

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Solana launches web3-focused smartphone Saga to improve crypto-mobile relationship

The co-founder and CEO of Solana, Anatoly Yakovenko, had a Steve Jobs moment when he stood in front of an auditorium in New York City and announced...

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Magic Eden raises $130M, hitting unicorn status at $1.6B valuation

NFT marketplace Magic Eden, launched just nine months ago, has raised $130 million in a Series B round co-led by Electric Capital and Greylock...

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Amid market turmoil, crypto exchange Kraken says it’s filling 500+ roles

While several major crypto trading platforms are making large-scale layoffs and freezing hiring, some of their rivals have rushed to reassure their...

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Solana launches $100M investment and grant fund for South Korean web3 startups

Solana Ventures and Solana Foundation have set up a $100 million investment and grant fund to deploy capital into South Korean web3 startups.

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Pear VC’s Anand Iyer goes solo with new $200M fund for crypto developer tools

Iyer, who worked as a developer evangelist at Microsoft and entrepreneur, is funding early-stage founders building web3 infrastructure

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Primitives wants to turn your crypto wallet into a social network

Primitives founder and former Snapchat engineer DJ Gabeau compared the digital wallet of the future to the modern cellphone

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Robinhood lets users manage their own crypto wallets in push to spur trading

Amid falling trading volumes, Robinhood adds another crypto product to its platform -- noncustodial wallets

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Amid crypto’s talent war, Encode Club mints new web3 developers

The profitable London-based startup has trained over 15,000 engineers in web3 skills such as Solidity and Rust

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Crypto market bloodbath hits Solana particularly hard

The past several days have been trying times for crypto investors as a broader market pullback has wreaked havoc on token prices. While Bitcoin and...

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Republic’s venture arm reportedly raising $700 million for crypto-focused funds

New York-based investment platform Republic is in talks to raise two new crypto-focused funds

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Co:Create aims to help NFT projects launch their own cryptocurrencies

a16z leads $25 million seed investment into NFT tooling startup Co:Create, alongside Tom Brady's Autograph, FTX's Amy Wu, others

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Bitcoin’s bid to become the “one chain to rule them all”

VCs are pouring millions of dollars into startups expanding the Bitcoin ecosystem through dApps

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Crypto Bahamas signals stronger ties between old and new worlds of finance

Some Crypto Bahamas attendees were dressed in suits, while others wore T-shirts and casual shorts, juxtaposing the professional financial world...

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Why a bipartisan embrace of crypto might never extend to Bitcoin

Hey everyone, and welcome back to Chain Reaction In our Chain Reaction podcast this week, Anita and I chatted with Sequoia Capital’s Shaun...

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More TradFi in DeFi as Sienna Network launches SiennaLend, a private crypto lending platform

It was last year that we covered the $11.2M fundraise for Sienna Network, the ‘privacy decentralized’ startup. The network is built on the Secret...

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At long last, web3 makes a push to fight Google Maps

Over a decade ago, a group of employees at Yahoo were struggling to compete with Google Maps as the younger firm aggressively outspent its rivals and...

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VCs scale their bets on Solana’s expanding NFT ecosystem

The voracious rise of NFTs as an asset class has been a bubble that seemingly refuses to pop — at least for the time being — but NFT...

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The 25 crypto startups that Y Combinator is backing in its W22 batch

Crypto was big at YC this batch. Y Combinator Demo Days returned yet again with another ballooning heap of startups. In the old days, a gaggle of...

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Why web3’s wealthy are donating crypto instead of cash

Wealthy web3 donors are donating crypto instead of cash to nonprofits, in part for tax incentives.

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Stanford cryptography researchers are building Espresso, a privacy-focused blockchain

Greylock led an investment in Espresso, a privacy and scalability-focused blockchain being built by Stanford researchers.

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Subspace Labs raises funding for a more scalable, sustainable blockchain

As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand.  New projects are aiming to...

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Blockchain bridge Wormhole confirms that exploiter stole $320 million worth of crypto assets

Wormhole, a popular cryptocurrency platform that offers bridges between multiple blockchains, announced on Twitter that it noticed an exploit. The...

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An early bet on Solana and others has led to a new, $500M fund for Foundation Capital

Foundation Capital, an early-stage venture firm with offices in Palo Alto and San Francisco, has been around for 27 years, in many iterations. It has...

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Burnt Finance raises $8M led by Animoca Brands, launches DeFi-oriented NFT marketplace

Burnt Finance is a crypto startup which, as a stunt, burnt a Banksy artwork and but then the NFT they’d minted for it for $400,000, double what it...

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A peek into Web3 power player Animoca Brands

If you haven’t heard of Animoca Brands over the last year or so, you haven’t been paying close attention. With a long and growing list of...

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How will the crypto selloff impact the NFT market?

What happens to both NFT activity and NFT prices when their backing asset, if we can call ether that, rapidly loses value?

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