Web 3 News

Crypto Account Verifier Juno Raises $18 Million In Series A Funding

Crypto banking platform Juno has raised $18M in a recent funding round. The company plans to expand its product offerings and launch a tokenized loyalty program using its JCOIN token.

Blankos Block Party Finally Launches on Epic Games Store

Mythical Games’ Blankos Block Party becomes the first NFT game to launch on the Epic Games Store. The vinyl toy culture-inspired game aims to enable users to play and interact with each other in a colorful world.

Asian Banking Giant DBS Enters The Metaverse With Sandbox Partnership

DBS has joined the bandwagon of blue-chip companies entering the metaverse. They will partner with The Sandbox to create BetterWorld, a platform that will allow users to build a better and more sustainable world.

Animoca Brands Raises Another $110M For Open Metaverse

The NFT-focused investment firm made an announcement today stating it raised an additional $110 million in a funding round led by top investors.

Dust Labs Raises $7M While yOOts Performs Outstandingly

The yOOts project launched on Monday but has already achieved a big feat by generating over $6 million in sales. Its parent company, Dust Labs, toed a similar line by raising $7 million in a funding round.

FIFA Partners With Algorand To Launch Into The NFT Space

The football governing body will be launching an NFT collection that will enable fans to own "moments" or video clips featuring the greatest goals, celebrations, and saves from the 2022 World Cup in Qatar.

Snap Inc. Shuts Down Its Web3 Division

Snap Inc. laid off 20% of its workforce and disbanded its Web3 division to counter the financial loss caused by low revenue growth.

BendDAO Suffers Financial Crisis As Ethereum Reserves Run Out

Data shows that the Ethereum wallet of BendDAO contained only 0.75 WETH today, indicating that they could become insolvent.

CoinFund Invests $300M To Fund Web3 Startups

New York-based venture capitalist and liquid investment firm CoinFund launches $300M as funds to promote newly established blockchain and Web3 projects as the crypto market takes a bearish turn.

BitDAO Community Accepts Proposal To Fund AfricaDAO

Crypto firm BitDAO approves AfricaDAO’s proposal to receive $20M as funding to accelerate Web3 adoption across Africa. 
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