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Twitter’s roll-out of NFT profile pictures offers insight into what users really want

Twitter Blue, a paid subscription offering from Twitter, rolled out a new feature for its subscribers to upload non-fungible tokens (NFTs) as profile pictures on Thursday. The company is one of the first major traditional Web2 companies to incorporate NFT features, in a race to become the defining social media hub of Web3. But following the announcement, there was a strong backlash from some quarters of Twitter’s NFT community and broader user base about what this means for the platform …

Metaverse startup Cyber raises $6.7 million from big name NFT investors

It’s been a busy few months in the metaverse for Cyber, a startup that builds virtual showrooms for non-fungible tokens (NFTs). Cyber has just unveiled new functionality that allows users to connect with each other using a portal with ‘doorways’ — each leading to a gallery curated by a different user. The firm had posted a teaser of the portal product on Twitter on January 10. Now, Cyber’s founder Rayan Boutaleb tells The Block that it quietly raised $6.7 million …

W3BB: Self-Sovereign Identity, Decentralized Identifiers, and Verifiable Credentials

January 18, 2022, 11:27AM EST • 12 min read Quick Take In the “Web3 Building Blocks” (W3BB) series, we dive into the mechanics and developments behind major areas of Web3 as part of a larger effort toward a general categorization system of Web3 Here, we look at three interrelated concepts about digital identity: self-sovereign identities (SSIs), decentralized identifiers (DIDs) and verifiable credentials (VCs) We also discuss their relationships with organizations and governance in web3, connecting this piece to the one …

Blossom Capital targets crypto tokens with new $432 million fund

London-based venture capital firm Blossom Capital, founded in 2017 as a generalist investor, is now planning to plough considerably more money into the cryptocurrency market. Blossom has this morning announced a new $432 million fund, its third to date. The cash will be directed to European startups seeking Series A capital across a range of sectors including consumer, cybersecurity, developer tools, enterprise software-as-a-service, fintech and marketplaces. But a full third of the capital will be invested in crypto-powered firms, according …

Crypto.com’s venture fund hires former tech journalist Jon Russell

Crypto.com Capital has named former TechCrunch journalist Jon Russell as its newest partner, according to an announcement. The $200 million venture capital fund, launched by Crypto.com in March 2021, writes cheques for up to $10 million for early stage web3 startups — and invests in both tokens and equity. It has so far backed the likes of crypto security firm Ledger, avatar-maker Genies, and DeBank, the decentralized wallet. Russell is a veteran tech journalist who spent five years at TechCrunch covering …

Emilie Choi explains what Wall Street doesn’t understand about Coinbase

Episode 1 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and President & COO Emilie Choi of Coinbase. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & ChainalysisFireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks …

January Research and Analysis Report

January 11, 2022, 2:09AM EST • 1 min read Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem. Learn More Already a Research Member? Login Here

W3BB: Organizations and Governance

December 29, 2021, 10:59AM EST • 14 min read Quick Take In the W3BB (“Web3 Building Blocks”) series, we dive into the mechanics and developments behind major areas of Web3 as part of a larger effort toward a general understanding of Web3 Here, we look at decentralized autonomous organizations (DAOs) and governance Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, …

Major funds’ backing could signal a new dawn for token trading

The Block What made Sam Bankman-Fried launch FTX — and what he now thinks about the world (Part 2) Sam Bankman-Fried, the billionaire founder of crypto exchange FTX, joins The Scoop to close out 2021 in a two-part episode that explores the origin story of the increasingly ubiquitous trading venue, Bankman-Fried’s worldview, and what he expects for the digital asset market in the year to come. In Part 2 of this episode, Bankman-Fried and […] Read Full Story