Reddit co-founder Alexis Ohanian has invested $10 million in PROOF through his VC firm Seven Seven Six. PROOF has clocked major success with the launch of the Moonbird NFTs which have created a major buzz.
Reddit said that it will continue to fund projects from its Community Funds Program that bring new ideas to the market. It will further evaluate projects based on three major factors: “creativity, feasibility, and community impact”.
Scaramucci opined that the SEC does not have a one-market clearing for all buys and sells, hence their concern for price manipulation.
The company recently spent an additional $200 million to acquire Bitcoin, sending its total holdings to 130,000 BTC.
As a multi-billion dollar conglomerate, Tencent is spreading its tentacles to a number of emerging technologies to boost its role as a pioneer in the Chinese internet ecosystem.
The acquired funds from the Series C round are billed to be used to scale up the company’s Loop project as it fosters the development of safe, fast-to-dig, and low-cost transportation, utility, and freight tunnels.
The NFT platform produces NFT series for the Hero Caribbean Premier League, Lanka Premier League, Abu Dhabi T10 League, and Legends League Cricket, Lanka League.
According to the firm, the new fund will drive research into the latest privacy and usability technology for identity.
Tesla said that its Q1 2022 holdings of Bitcoins remain unchanged. Furthermore, it didn’t report any losses as the BTC price during the start and the end of the quarter was the same.
BlockApps said that it will use these funds toward team development as well as accelerate its go-to-market strategy. It also plans to expand its partner program.
By unifying Asians and Pacific Islanders, Gold House seeks to also enable more authentic multicultural representation.
The venture capital firm said that half of the funds raised shall go towards gaming with the recent emergence of blockchain-based games, P2E games, and much more.
According to those familiar with the matter, several private-equity firms have expressed interest in participating in a deal for Twitter, offering ways to challenge Musk’s offer.
In all, the Sandbox could be powering additional growth for its broader ecosystem with a series of targeted acquisitions in the coming months as confirmed by Borget.
The company intends to double down on its crypto investment to ensure future growth prospects.