In a bid to curtail these ongoing valuation declines, SoftBank’s Founder and Chief Executive Officer, Masayoshi Son has revealed plans for the Vision Fund vehicle to taper down its rate of investments which is also likely to reduce its overhead losses.
Believing that Web3 is the inevitable future of the Internet, Zigazoo is planning to add more Web3 experiences, launch NFTs collections, and increasing in-app utility of the tokens to include improved trading options and fan club experience.
Creators can come from anywhere around the globe to join Adim. Initially, the web3 entertainment startup will select 100 creators from all applicants. The chosen creators will join McElhenney and TV writer Keyonna Taylor in a virtual writer’s room.
General Manager at the Solana Foundation, Johnny B. Lee, has stated the funds are primarily intended for Solana-based projects in the country.
Andreessen Horowitz said approximately $1.5 billion of the new funds will be invested in startups at the seed fund stage while the remaining $3 billion will serve as venture investments.
SpaceX has not issued additional shares in the secondary offering. However, the company has suggested the possibility of doing so later in the year.
The company is looking to build infrastructure for enterprises, developers and merchants to transact on the Lightning network.
The raised funds will be used to develop a decentralized Web3 messaging layer.
According to Giga Energy’s co-founder, using flare gas to mine Bitcoin has turned out to be a successful idea. This startup has already signed deals with over 20 oil and gas companies. Besides, the company is planning to expand its staff with six more people this month.
As the number of unicorns reached a new record high, there was also a surge in the number of megarounds, which are startup funding rounds of over $100 million.
Figment will use the capital from the Series C round to further develop the Web 3 ecosystem and support more Proof-of-Stake (PoS) blockchains. In addition, Figment will increase staking participation, making blockchains more secure.
The plan of Lydia is to expand its business beyond France to European countries with this new funding.
The fledgling startup sector in Europe has seen trailblazing growth over the past couple of years in funding, with more than 300 unicorns.
Hivemind Capital also unveiled that it has tapped Layer-1 blockchain protocol, Algorand as its first technology partner.
Venture fund NFX said that Fund III is its largest fund to date. It is dedicated to supporting a small group of startups at the earliest stage of their development.