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Parcel Announces $4 Million Seed Round Led by Framework Ventures


On June 7, Parcel announced that it had conducted a $4 million seed round with some of the esteemed investors from DeFi and TradFi. The round was led by Framework Ventures and was joined by prominent figures like Sebastian Borget, Santiago Santos, Aaron Wong, and several others. This round is hoped...

Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto


According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing...

Binance Labs Launches $500 Million Web3, Blockchain Fund


Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their...

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1


The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues...

South Korea to Invest $177 Million Directly in Metaverse Platforms


The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information...

Esports Powerhouse Galaxy Racer Invests US$25M to Partner With $QUINT


PRESS RELEASE. 30th May 2022, Dubai, United Arab Emirates: Galaxy Racer (GXR), a transmedia powerhouse focused on e-sports, content creators, music, and sports, headquartered in Dubai, is excited to reveal its partnership with, and investment in, the Quint ecosystem’s token, QUINT. Galaxy...

Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million


A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours,...

Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets


With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest...

V Rising Adds Offline Mode, Sells 1 Million Copies


I wrote about V Rising yesterday, and noted that it had sold over 500,000 copies. Well, it has now sold a lot more than that, having hit the one million mark less than a week after release.Read more

STEPN’s GMT Token Supported by Alchemy Pay for Real-World Spending


PRESS RELEASE. The leading fiat-crypto payment solutions provider, Alchemy Pay (ACH) and the web3 app, STEPN (GMT), have announced a new collaboration. STEPN’s GMT token is now supported for use on Alchemy Pay’s hybrid fiat-crypto payment system that enables it to be spent at over...

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