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ImmutableX Announces Immutable Passport to Bring Gamers into Web3

The Immutable Passport, a one-stop solution for a password-less authentication and user recognition system for Web3 gamers, will soon be made available via ImmutableX, the Ethereum scaling system. In a press statement, the company stated, “Customer research conducted by the ImmutableX team found that ease of onboarding, security, compliance, and plug and play features were…

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Toyota to Support Astar Network’s Hackathon and Test Blockchain Use Cases

Toyota, a Japanese giant in the automotive industry, is exploring the potential uses of Blockchain technology further by supporting a Web3 hackathon on the multi-chain smart contract network Astar Network, which may also result in management systems for Toyota’s staff. With the development of an intra-company DAO support tool on the Astar Network, one of…

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Addressable Raises $7.5 Million to Assist Web3 Startups in Scaling Up User Acquisition

The Web3 marketing solution firm Addressable has revealed it has raised $7.5 million in seed funding. North Island Ventures and Mensch Capital Partners also took part in the round, which Viola Ventures and Fabric Ventures jointly headed. The financing would hasten the company’s platform expansion, including new Blockchains and social media connections. “Marketing is all…

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Web3 Hardware Startup Spatial Labs Raises $10 Million

Spatial Labs, a Web3 startup, has raised $10 million in an early fundraising round led by Blockchain Capital and supported by Marcy Venture Partners, the venture capital firm founded by billionaire rap singer Jay-Z. The new round takes the startup’s overall capital to $14 million when joined to Spatial’s $4 million pre-seed financing deal. The…

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Amazon Enters Web3 Jungle With NFT Initiative Launching This Spring

Four sources with an understanding of the situation claim that Amazon is starting a digital assets business and that an NFT project is anticipated for the spring. Insiders claim that Amazon’s campaign for digital collectibles has now been directed at major market players. It reportedly included layer-1 blockchains, blockchain-based game businesses, developers, and digital asset…

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QuickNode Raises $60M in Series B at $800M Valuation

The $60 million fundraising round for the Blockchain development network QuickNode has been completed as part of a worldwide growth aimed at bringing more developers and users to Web3 apps. The venture capital firm 10T Holdings handled the Series B raise that placed QuickNode at $800 million. The company revealed this on January 24. Tiger…

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Deal Box Launches $125 Million Venture Fund to Invest in Web3

According to a news release on January 18, the American capital markets consulting or token issuing company Deal Box has established a new $125 million venture capital arm supporting Blockchain as well as Web3 businesses. Deal Box Ventures has been the name of the fund, and this will invest in businesses with an emphasis on…

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L’Oréal Invests in a Metaverse-Focused Platform Called ‘Digital Village’

With just a minority investment in the US-based firm Digital Village, a Metaverse-as-a-service platform and NFT marketplaces serving brands, creatives, including communities, L’Oréal has announced its desire to delve into the digital world. The company’s corporate venture capital fund, BOLD, made an investment, which would be the company’s first foray into the Web3 space. Its…

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Venom Foundation and Iceberg Capital launch $1B venture fund to invest in Web3

Recent market volatility has not discouraged venture capitalists from investing in cryptocurrencies, as evidenced by the establishment of a $1 billion fund dedicated to the world of Web3. The Vast Venom Ventures Fund (VVF), a collaboration between Blockchain marketplace Venom and additional investment company Iceberg Capital, will benefit from the expertise of former BlackRock CIO…

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Fashion’s Foray Into Metaverse

Is the world of premium fashion companies going extinct? No, it’s only the beginning of the new dominant medium. It began back in March 2019. Dapper Labs, The Fabricant, with Johanna Jaskowska, created Iridescence, the first Non-Fungible Tokens (NFT) fashion item that sold for US$9,500 at auctions. The actual term “Metaverse” refers to an embodied…