Announcements

The world-renowned auction house Christie’s has launched its venture capital arm, which is set to focus on Web3 projects. Christie’s Ventures’ first portfolio company is the cross-chain interoperability firm LayerZero Labs. Christie’s, the world-famous auction house, has launched a new fund called Christie’s Ventures, Monday’s press release said. The fund will focus on fintech and…

Dubai Metaverse Strategy has been officially launched, aiming to create more than 40,000 new jobs and 4,000 new companies in the sector. There are currently 1,000 companies in Dubai engaged in the crypto and metaverse sector, contributing $500 million to the national economy. On July 18, The Crown Prince of Dubai and Chairman of the…

Following AmsterDot in April and Polkadot Decoded in June, another conference and workshop event focused on the Polkadot community and ecosystem has been announced in Paris. It will be held at the Arab World Institute on July 19-21. ParisDot.comm is a two-and-a-half-day long event that is taking place in the beautiful Arab World Institute on…

Yuga Labs, a creator of Bored Ape Yacht Club (BAYC), released the litepaper for its Otherside, a “starter guide” to its “world-building metaverse platform,” which is in development with software company Improbable. The document supports open development, user-generated content, and interoperability in its online world. On Saturday, NFT giant Yuga Labs set out its vision…

Crypto exchange KuCoin released its ‘Into The Cryptoverse’ report exploring the penetration and adoption of digital currencies in Saudi Arabia. Among others, the survey revealed that about 14% of adult Saudis become crypto investors, while another 17% are likely to invest in crypto over the next six months. Conducted by KuCoin as of May 2022,…

Circle Internet Financial released a detailed yet unaudited breakdown of its reserve assets for the firm’s USD Coin (USDC), showing $42.1 billion in short-term US government bonds and $13.6 billion in cash. Lately, crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis. Published in the company’s blog post on…