Blockchain

Japanese gaming developer and publishing company, Bandai Namco, announced setting up a fund of 1 billion yen (or $7.9 million approx.) in 1 year and 3 billion yen ($23.8 million approx.) in 3 years to invest in upcoming gaming companies related to Web 3 and metaverse. Bandai Namco Entertainment 021 Fund According to the report, the startup investment fund, dubbed “Bandai Namco Entertainment 021 Fund,” will focus on blockchain companies in Japan as well as overseas in a bid to...

Binance, the biggest crypto exchange by trading volume, announced plans to expand its investments and operations into France’s STATION F, the largest startup campus in the world. Changpeng Zhao (CZ), founder and CEO of Binance, described the new space as the creative and innovative launchpad of his company’s footprints in Europe. The ‘Objective Moon’ initiative was established to feature a new Binance R&D hub in France, supporting the development of the French and...

Polygon Network recently announced intentions to offset its carbon footprint this year. The blockchain project revealed that it had pledged $20 million toward its plans of becoming carbon neutral and climate effective. As per the announcement, Polygon noted that it aims to implement a multilayered strategy targeted at creating a sustainable future for its ecosystem, the crypto industry, and the planet at large. The Green Manifesto Polygon also unveiled its “Green Manifesto: A...

Tether Operations Limited, the operator of Tether.io, has announced the launch of USDT on Polkadot’s canary network – Kusama. The company said the move will enable developers to compose trustless applications across chains, communities, and networks. Tether on Kusama According to the press release shared with CryptoPotato, USDT will be deemed with the asset ID 1984 and utilized to power transactions on Kusama’s first parachain – Statemine at launch. The parachain enables the...

Lors du Paris Blockchain Week Summit (PBWS) qui se déroule actuellement au Palais Brongniart (l’ancienne Bourse de Paris), Changpeng Zhao (alias CZ), CEO de Binance, a annoncé un partenariat avec l’incubateur de startups Station F créé par Xavier Niel. Doté d’une enveloppe de 100 millions d’euros, le programme au cœur de ce partenariat se fixe pour mission de développer « l’écosystème blockchain » et les cryptomonnaies en France. Selon...

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The private equity firm’s latest move demonstrates that traditional investment firms have started buying Web.3.0 projects as part of their investment thesis. A growing interest in a decentralized internet built on blockchain networks continues to incentivize big money to bet on small and medium-sized crypto firms. Silver Lake, the tech investment firm managing over $90 Billion in assets, announced leading the $150 Million investment round for Genesis, an NFT avatar company....

Blockchain gaming platform, Animoca Brands, has completed the acquisition of French game developer – Eden Games. The latter is the publisher of popular racing games including Need for Speed: Porsche Unleashed, F1® Mobile Racing, and the franchises Gear.Club, Test Drive, and V-Rally. The focus will be to capitalize on enhancing its REVV ecosystem while introducing more blockchain-powered racing games. Eden Games Acquisition Animoca Brands is on an acquisition spree, with two...

Following the death of Libra and what appeared to be a long-term crypto dream, Facebook – now known as Meta – is making another stab at crypto innovation with something called Zuck Bucks, the name of its latest form of digital currency. Will Zuck Bucks Help Facebook Make Money? Taking its label from the surname of Mark Zuckerberg, the billionaire behind Facebook’s creation, Zuck Bucks would be a centralized form of digital currency in that it would be directly controlled...

Sky Mavis – the company behind Axie Infinity – is offering up to $1 million to anyone that can identify major security vulnerabilities in its platform. This comes after the company was struck by the largest defi hack in history, with over $600M being drained from Ronin bridge. A Call to Whitehats According to the company’s website, the Sky Mavis Bounty Program will take reference from the Bugcrowd Vulnerability Rating Taxonomy. The system will help Sky Mavis prioritize and...