Solana

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Solana

Welcome back to Chain Reaction. Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and tattoos and booze and fun. If you want to get this in your inbox every Thursday, you can subscribe on TechCrunch’s newsletter page. Exit opport…

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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 project from OnePlus cofounder, Carl Pei, while OSOM is largely composed of former Essential employees looking to launch their own own thing in the wake t…

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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 the launch of Saga, an Android web3-focused smartphone. “This is something that I fundamentally believe the industry needs to do,” Yakovenko said. “We …

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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 Partners, bringing its valuation to $1.6 billion. Lightspeed Venture Partners also participated alongside previous investors Paradigm and Sequoia Capital. T…

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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 staff and the public that they are sticking to their recruiting plans despite the current market downturn. San Francisco-based Kraken, the world’…

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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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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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