Houseparty’s founder launches Towns, an open source group chat web app and protocol

Houseparty’s founder launches Towns, an open source group chat web app and protocol

After launching a pair of well-loved but ultimately star-crossed social apps, Ben Rubin is going all-in on decentralization. Rubin previously founded Meerkat and Houseparty — apps that pioneered mobile livestreaming and group video chat, respectively — shaping massive social trends in their earliest stages. After working on Slashtalk, an “anti-meeting tool” for the workplace, Rubin […]

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Tres raises $7.6M to help web3 teams manage their financials and crypto data

Tres raises $7.6M to help web3 teams manage their financials and crypto data

Tres, a financial “data lake” for web3 companies, has raised $7.6 million in a seed round led by boldstart ventures, its founder and CEO Tal Zackon, exclusively shared with TechCrunch. Investors include F2, The Chainsmokers’ venture fund Mantis, New Form Capital, Kenetic Capital, Blockdaemon Ventures and Alchemy. As well as angel investors like Fireblocks CEO […]

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NEAR protocol spin-off Open Web Collective launches venture arm to invest in early-stage web3

NEAR protocol spin-off Open Web Collective launches venture arm to invest in early-stage web3

Open Web Collective, a blockchain and web3 accelerator, has launched a new division called OWC Ventures to invest in early-stage crypto startups, the team exclusively told TechCrunch. The division is backed by Barry Silbert’s Digital Currency Group and the blockchain protocol NEAR (which OWC previously spun out from), Jeff Lavoie, head of investments at OWC […]

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Singapore’s KNN3 wants to enable social discovery for decentralized apps

Singapore’s KNN3 wants to enable social discovery for decentralized apps

There’s no shortage of startups trying to make sense of the explosive growth of data generated from blockchain applications. Nansen has the support from a16z to provide on-chain data analysis for crypto investors. The Graph offers an API for developers to query blockchain data. The latest to get VC recognition is KNN3, a Singapore-based startup […]

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Private equity’s gatekeepers get serious about tokens

Private equity’s gatekeepers get serious about tokens

Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the crypto curious. For our Thursday episode this week, we dug into the institutional embrace of blockchain by stodgy financial powerhouses including mega PE firm KKR which announced this week that they […]

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Miners flee to Ethereum Classic as ‘the Merge’ arrives

Miners flee to Ethereum Classic as ‘the Merge’ arrives

The Merge, the long-awaited software upgrade that promises to make Ethereum transactions a lot greener, is expected to put miners out of jobs. But miners are not quitting outright. With big bucks invested in computing hardware, many of them are seeking refuge in an alternative branch of Ethereum. Ethereum Classic, a hard fork of the […]

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Arpeggi Labs banks a16z funding to build web3 music software

Arpeggi Labs banks a16z funding to build web3 music software

The quest to define what exactly a web3 use case looks like hasn’t always been easy, but has allowed plenty of founders to get creative in building out products designed to tap the ethos of decentralization and the business opportunities of the creator economy. Arpeggi Labs, a new crypto startup focused on using blockchains to […]

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Meltem Demirors on why society isn’t ready for a crypto-driven revolution yet

Meltem Demirors on why society isn’t ready for a crypto-driven revolution yet

Meltem Demirors hasn’t just been working in crypto for seven years — she’s been shaping its trajectory. Demirors, chief strategy officer at publicly traded European digital asset manager CoinShares, got her start in the space when she went to MIT for business school and became immersed in the world of fintech startups, back when Bitcoin […]

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‘The Merge’ could be good news for China’s Ethereum enthusiasts

‘The Merge’ could be good news for China’s Ethereum enthusiasts

When China banned cryptocurrency mining and trading, many saw it as putting an end to a burgeoning industry in the world’s second-largest economy. As it turned out, the country’s crypto investors, developers, and hobbyists continue to play a critical role in building the backbone and applications of web3. The Merge, the much-anticipated network update on Ethereum […]

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