Final Fantasy Publisher Square Enix Invests in Soccer Metaverse Game on the Polygon Blockchain

July 12, 2024 Bitcoin.com

bitcoin.com

Soccerverse, a massively multiplayer football management game, has successfully raised $3.1 million in a strategic funding round led by renowned games industry publisher Square Enix, with additional participation from early investor Hiro Capital. This brings the total funding to $4 million. Founded by ex-Soccer Manager CEO Andrew Gore and blockchain gaming pioneers Andrew Colosimo and […]

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NFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May

July 1, 2024 Bitcoin.com

Bitcoin

Although non-fungible token (NFT) markets showed improved performance over the past week, June’s sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June’s NFT Market Faces Steep Decline June proved to be challenging for digital collectible sales, experiencing a 46.31% drop compared to May, which […]

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NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week

June 29, 2024 Bitcoin.com

Bitcoin

Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This week, the leading top five blockchains for NFT sales were Ethereum, Polygon, Bitcoin, […]

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NFT Sales Plunge 21% Amid Broad Crypto Market Decline

June 22, 2024 Bitcoin.com

Bitcoin

Global non-fungible token (NFT) sales experienced a decline this week, dropping 21% from the previous week. Across 21 unique blockchains, the total sales just surpassed the $100 million mark over the past seven days. Weekly NFT Sales Fall, Cryptopunks and Pudgy Penguins Surge NFT sales have significantly decreased this week, correlating with the broader downturn […]

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NFT Market Sees Gains for Second Consecutive Week, Sales Up 10.95%

June 15, 2024 Bitcoin.com

Bitcoin

Non-fungible token (NFT) sales increased by 10.95% this week compared to the previous week, marking the second consecutive week of gains. Despite a 76.7% drop in the number of buyers, blockchain-issued digital collectibles achieved $141.73 million in sales. NFT Market Trends: Bitcoin and Ethereum Lead Sales Volume In the previous week, NFT sales had risen […]

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Polygon Unveils $1 Billion Grant Program to Foster Blockchain Development Over Next Decade

June 11, 2024 Bitcoin.com

Polygon Unveils Billion Grant Program to Foster Blockchain Development Over Next Decade

bitcoin.com

Polygon has announced a $1 billion Community Grants Program, set to roll out over the next ten years, aimed at supporting developers on its platform. This initiative promises to allocate about $100 million annually to fund innovative projects that enhance the Polygon and Ethereum ecosystems. Polygon Community Treasury to Release $1B in Grants Over the […]

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Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more

June 7, 2024 Coin Telegraph

Bitcoin mining

This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving.

In a sudden decision, investment firm 21Shares submitted a filing to the Securities and Exchange Commission in the late afternoon of Friday, May 31, to rename its proposed spot Ether (ETH) exchange-traded fund (ETF) and to remove ARK Invest from the application.

A spokesperson for ARK Invest later confirmed the firm decided not to move forward with the crypto product, citing a need to reassess its investment strategy. The move raised concerns among the crypto community concerning the short-term viability of the newly approved ETFs.

During an interview on June 5, United States Securities and Exchange Commission (SEC) Chair Gary Gensler suggested a delay in final approvals for asset managers. ETFs will “take some time,” said Gensler. The SEC has yet to sign off on S-1 registration statements from applicants.

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Avail secures $43M in Series A for Web3 unification

June 4, 2024 Coin Telegraph

Avail secures M in Series A for Web3 unification

Anurag Arjun

Avail, led by a Polygon co-founder, raises $75 million to tackle Web3 challenges like fragmentation and data availability.

Modular blockchain base layer Avail has secured $75 million through several investment rounds, as venture capitalists recognize the need to address data availability issues across blockchains.

On June 4, Avail closed $43 million in a heavily oversubscribed Series A round, adding to its existing corpus of $32 million from previous pre-seed and seed rounds. Anurag Arjun, co-founder of Avail, plans to continue directing the funds to build the permissionless unification layer for Web3.

Avail is headed by Arjun, a co-founder of Polygon, who aims to address three major challenges within the Web3 ecosystem: blockchain fragmentation, insufficient data availability (DA) and limited scalability.

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Polygon Labs acquires Toposware, pushing total ZK investment to $1B

June 4, 2024 Coin Telegraph

Polygon Labs acquires Toposware, pushing total ZK investment to B

Coin Telegraph

The deal brings Polygon’s cumulative zero-knowledge technology investment to over $1 billion, the company said. Toposware’s team is behind Polygon’s Type 1 Prover technology.

Polygon Labs has acquired blockchain research and engineering firm Toposware, marking its third investment in zero-knowledge (ZK) startups over the past three years.

Toposware has been collaborating with Polygon Labs to develop its Type 1 Prover, which allows Ethereum-compatible blockchains to adopt zero-knowledge proofs without needing major changes. With the acquisition, 11 engineers from Toposware will integrate with the existing ZK development teams on Polygon.

Polygon says the deal brings its cumulative investment in ZK technology to over $1 billion. In 2021, Polygon acquired two other companies working on Ethereum scalability and privacy, Mir and Hermez, for a combined $650 million through multiple transactions.

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Injective (INJ), Polygon (MATIC) and One Additional Ethereum-Based Altcoin Flashing Bullish Signals: Analyst

May 27, 2024 The Daily Hodl

Altcoins

One widely followed crypto analyst thinks three leading altcoins are soon to enter bullish phases. Crypto trader Ali Martinez tells his 62,900 followers on the social media platform X that the decentralized supply chain management platform VeChain (VET) is on the verge of lift-off after a successful retest of a parallel channel. “Like in the previous bull […]

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