NFTs Gaming platform Bud raises $37 million in round led by Sequoia Capital India The Singapore-based company has laid out plans to launch its own NFT marketplace and push into web3. Read Full Story May 24, 2022, 9:28AM UTC
Web3 Y Combinator joins $6.2 million seed round for crypto savings app Pebble Pebble, a crypto app that lets people save, spend and send money, has raised $6.2 million in a seed round from Y Combinator and others. Read Full Story May 23, 2022, 4:00PM UTC
Web3 Hackathon organiser and web3 incentive platform DoraHacks raises $20 million Circle Ventures, Gemini Frontier Fund, Sky9 Capital, Crypto.com Capital and Amber Group also joined the round. Read Full Story May 18, 2022, 1:00PM UTC
Web3 Aave's backbone for decentralized social media, Lens Protocol, goes live on Polygon DeFi lending platform Aave has launched its protocol for decentralized social media on Polygon, called Lens Protocol. Read Full Story May 18, 2022, 1:00PM UTC
Wallets Robinhood launching DeFi wallet to rival Metamask The popular brokerage will allow crypto traders to swap tokens without having to pay network fees through a new standalone application. Read Full Story May 17, 2022, 5:30PM UTC
Venture Capital Tiger Global leads $15 million Series A for web3 infrastructure startup Coinshift The Indian crypto startup that provides treasury management tools for DAOs and web3 firms plans to expand to new blockchains. Read Full Story May 17, 2022, 1:00PM UTC
Custody Fireblocks pushes into NFT custody and web3 developer tools This move makes Fireblocks the latest digital asset custodian to bolt on an NFT product to its core offering. Read Full Story May 17, 2022, 11:00AM UTC
The Block News Plus The decline of Axie Infinity Axie Infinity pioneered the play-to-earn model, but now that there's less money to be made its popularity has plummeted. Read Full Story May 16, 2022, 8:51PM UTC
NFTs Spotify starts trialing NFTs on its platform, Music Ally reports The streaming giant is trialing NFT promotions but won't be selling NFTs directly on its platform. Read Full Story May 16, 2022, 12:36PM UTC
Investments 6th Man Ventures is raising $145 million for a second crypto fund Mike Dudas of 6th Man Ventures has amassed the bulk of $145 million for his second venture fund. Read Full Story May 12, 2022, 12:00PM UTC
Web3 Web3 development platform Moralis reels in $40 million in Series A The raise follows a $13.4 million seed round in 2021, which was also backed by EQT. Read Full Story May 11, 2022, 1:00PM UTC
Venture Capital Lighthouse Labs raises $7 million in seed round to build metaverse search engine Lighthouse Labs raises $7 million in seed round to build metaverse search engine Read Full Story May 11, 2022, 1:00PM UTC
Venture Capital Fasanara Capital is raising $350 million for a new crypto and fintech fund Around $100 million of that amount has already been raised, Francesco Filia, CEO of Fasanara Capital, told The Block in an interview. Read Full Story May 11, 2022, 9:44AM UTC
Startups Napster acquired by Hivemind, Algorand at undisclosed price Napster, once popular in the early 2000s for peer-to-peer audio file sharing, has been acquired by Hivemind and Algorand, the teams announced today. Read Full Story May 10, 2022, 10:17PM UTC
Startups Dapper Labs unveils $725 million ecosystem fund for Flow blockchain Flow's new ecosystem fund will spur the development of applications on the NFT-focused blockchain. Read Full Story May 10, 2022, 2:55PM UTC
Venture Capital Crypto exchange KuCoin reaches decacorn status in latest funding round The latest round follows its series A in November 2018, when it raised $20 million at a $100 million valuation. Read Full Story May 10, 2022, 11:21AM UTC
NFTs Irene Zhao’s influencer platform SO-COL is raising funds at a $100 million valuation A startup founded by crypto influencer Irene Zhao is raising new funds at a $100 million valuation in a round led by Blockchain Capital. Read Full Story May 9, 2022, 5:21AM UTC
Web3 Google is building a web3-focused team Google Cloud is building a team to service Web3 developers, hoping to become a key player in this growing space. Read Full Story May 6, 2022, 4:16PM UTC
Venture Capital NFT marketplace Zora raises $50 million in round led by Haun Ventures This is the first round led by Haun's firm, which launched in March after she left her role as general partner at a16z. Read Full Story May 5, 2022, 9:45PM UTC
Web3 Gemini launches Superlunar design studio to help grow web3 adoption The crypto exchange has launched Superlunar, a web3 research and design studio, to help grow web3 adoption. Read Full Story May 3, 2022, 1:00PM UTC