Andreessen Horowitz launches $4.5 billion crypto fund despite the market downturn

    Major venture capital firm Andreessen Horowitz (a16z) has unveiled the largest-ever $4.5 billion crypto fund despite the ongoing downturn in the global financial markets. Focused on crypto and Web3, the new Crypto Fund IV is double the size of its previous fund, launched in 2021. The new fund is double the size of the last…

    OpenSea announces brand new NFT marketplace protocol Seaport

    The world’s most popular NFT marketplace OpenSea has unveiled a new Web3 protocol that allows anyone to set up new and decentralized NFT marketplaces. As per some members of the community, the protocol could become the “Uniswap moment” of NFTs. In its blog post, OpenSea said that the first iteration of the new protocol, titled…

    Robinhood plans to launch DeFi wallet rivaling Metamask

    Trading firm Robinhood plans to roll out a new crypto wallet focused on decentralized finance (DeFi) by the end of 2022. The new custodial wallet will cater to “advanced” crypto users and live separately from the existing wallet, the firm’s Johann Kerbrat said. On May 17, Vlad Tenev, Robinhood CEO, announced the “Web3 crypto wallet”…

    KuCoin raises $150 million with a market cap of $10 billion to grow its Web3 platform

    KuCoin, a global crypto exchange, announced a $150 million pre-Series B funding round, bringing its valuation to $10 billion. Led by Jump Crypto, the round saw the participation of multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners. The exchange wants to use funds to further expand its Web3 ecosystem. According to Johnny…

    Andreessen Horowitz launches its research lab focused on Web3

    Venture capital giant Andreessen Horowitz (a16z) is launching a new technological research lab to focus on innovation and problem solving as the world of crypto and blockchain expands and matures. The new team of a16z Crypto Research is staffed with academics aiming to provide deeper insights for the firm’s portfolio companies. In a new press…

    Coinbase Ventures reveals its crypto outlook for the rest of the year

    Coinbase Ventures, the investment arm of crypto exchange Coinbase, recapped what it did in Q1 and what it sees happening in crypto over the rest of the year. One of the most active venture capital firms in the crypto market made 71 investments over the first three months of the year, with a record $12.5…