Users of Facebook can now post their digital collectibles and NFTs to their accounts on the platform. Meta, the parent company behind social media platforms Facebook and Instagram, announced Monday that it allowing users to add digital wallets and virtual assets to Facebook. The firm’s move now brings NFTs to Facebook’s 2.9 billion users, according to Statista.[Read more…]
Author Archives: TheBlock.co
25
Aug
Aug
Symbolic Capital, a venture capital firm launched in May by Polygon founder Sandeep Nailwal and Cere Network founder Kenzi Wang, has raised a $50 million VC fund. The fund will target “pioneering web3 applications” and its limited partners — the backers of funds — include crypto protocols, exchanges, auditing firms, and crypto vendors, and traditional LPs such[Read more…]
18
Aug
Aug
Web3 venture studio SuperLayer has announced a new $25 million fund led by anchor investor and strategic partner Polygon, an Ethereum scaling solution. “Given SuperLayer’s focus on speed and quality, Polygon is a natural partner with industry-leading protocols designed to fix blockchain scalability issues that have slowed innovation,” said Kevin Chou, managing partner of SuperLayer in a release on Thursday. SuperLayer launched[Read more…]
10
Aug
Aug
The BitDAO community has voted in favor of a proposal to provide $20 million in funding to bootstrap a new decentralized autonomous organization called AfricaDAO. BitDAO, formed in 2021, aims to promote global crypto adoption by providing grants to projects and also supporting web3-based research and development efforts. AfricaDAO is a new investment fund created to accelerate web3 development[Read more…]
Polygon news, Polygon Projects
Tiger Global joins $12 million funding round for gamer infrastructure startup Lysto
09
Aug
Aug
Lysto, a blockchain startup that is building verification tools for gamers, has raised $12 million in a pre-Series A funding round. Sharing the news exclusively with The Block on Tuesday, Lysto said venture capital firms Square Peg, Beenext and Hashed co-led the round, with Tiger Global and Better Capital participating. Angel investors, including Balaji Srinivasan (former Coinbase[Read more…]
Polygon news, Polygon Projects
Line Games’ web3 gaming arm raises seed round to put popular titles on-chain
09
Aug
Aug
Line Games’ web3 gaming arm Nerdystar announced a $5.8 million seed round on Tuesday to produce blockchain games based on some of the brand’s most successful web2 titles. South Korean investment firm Blocore led the round, which also saw participation from Bitkraft Ventures, FTX Ventures, GuildFi, Formless Capital, VistaLabs, Seum and SBXG. The company previously[Read more…]
09
Aug
Aug
Los Angeles-based game studio Arrivant is taking its Project Eluüne: StarGarden title cross-chain and will launch on Polygon in addition to its current home on Solana. The team cited Polygon’s “dedication to sustainability” and “recent hirings of AAA talent” as motivating factors. In a statement, it confirmed that the move was decided before the Slope exploit on[Read more…]