Dubai’s Alawad Fund announces investment in MetaBitcoin (MBTC)
    13 Jul 2022
    446 Views

    Alawad Fund selected MetaBitcoin (MBTC), which implements all Bitcoin ecosystems identically within the metaverse ecosystem, as its first investment destination. Jointly with prominent partners, Alawad Fund plans to invest in promising blockchain projects, virtual-asset startups, cryptocurrency exchanges, and bitcoin mining. On March 26, Alawad Fund was launched in Dubai, the city attracting global attention as…

    Animoca Brands raises $75 million more, reaching a valuation of $5.9 billion
    13 Jul 2022
    296 Views

    Animoca Brands, a Hong Kong-based gaming software and venture capital company, has completed a $75.32 million raise at a pre-money valuation of $5.9 billion, the company said Tuesday. The raise is the second part of a funding round, bringing in $358.88 million. In January, the company hit a valuation of more than $5 billion after…

    Multicoin Capital launches its new $430 million venture fund
    13 Jul 2022
    324 Views

    Multicoin Capital, the crypto investment firm known for its backing of multiple Web3 and DeFi projects, announced its latest fund, Venture Fund III, with commitments of up to $430 million. The fund will be used for investments in projects based on a “proof of physical work” model, permissionless data aggregation, and offering creator monetization. Multicoin…

    Dubai improves crypto reputation as crypto firms move to the UAE
    12 Jul 2022
    426 Views

    Crypto firms are flocking to Dubai despite local crypto trading regulations are tightening. A new law has been the most significant factor in generating interest in the UAE. Dubai is the financial hub of the Emirates, which has also encouraged cryptocurrency players to move to Dubai. The UAE has added a grey list to help…

    Terra-based projects migrating to Polygon
    12 Jul 2022
    407 Views

    Around 50 projects built on Terra, including the NFT marketplace OnePlanet and metaverse game Derby Stars, have begun migrating to Polygon, while more are on the way. Recent Terra’s collapse wiped out billions of dollars in value. It also left dozens of projects homeless. “We will be putting capital and resources against these migrations to…

    Chainalysis to train UAE state employees for blockchain tech adoption
    12 Jul 2022
    476 Views

    The UAE has signed a memorandum of understanding with blockchain intelligence firm Chainalysis. The agreement will see Chainalysis train employees of government institutions in the areas of blockchain technology and digital assets. According to a report by UAE’s official news agency Emirates News Agency (WAM), the memorandum of understanding (MoU) was signed by Omar bin…