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Welcome to KryptoCoinz Crypto, previously generally known as Chain Response.
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Whats up and welcome again to the brand new and improved KryptoCoinz Crypto publication. That is our fifth version with, after all, repeatedly scheduled information bits, but additionally some recurring segments and options — so should you like what you see (or don’t), let me know at jacquelyn@techcrunch.com.
This week roses have been purple, violets have been blue, the crypto market was inexperienced — for all of you. For those who follow me on X, you might need already seen me submit this, however should you don’t, I’m sharing the love right here, too.
Anyhow, let’s get into it. Right here’s what you missed this week: Spot bitcoin ETFs within the U.S. turned one month outdated, Phantom crypto pockets reached new heights for month-to-month lively customers final month and crypto VC exits have been smooth in This fall 2023. Extra under.
Scheduling be aware: I’ll be OOO subsequent week, so there gained’t be a publication.
This week in web3
- Crypto exits stay low however buyers stay unfazed
- Solana-based DeFi, airdrops propel crypto pockets Phantom’s person base to new heights
- This gaming startup tries to point out ‘AI + crypto’ will not be a fad
- As spot bitcoin ETF volumes proceed to rise, Bitwise Asset Administration predicts a excessive ceiling for development
Crunching numbers
This week the crypto market was wanting fairly bullish as the 2 greatest cryptocurrencies by market capitalization, bitcoin and ether, each rose about 16.5% on the week, in accordance with CoinMarketCap knowledge. The whole crypto market cap elevated 14% over a seven-day interval to $1.96 trillion.
Earlier this week, Solana additionally briefly took over because the fourth largest cryptocurrency by market capitalization, surpassing the BNB token, which has since regained the place. Solana’s market cap is about $3 billion behind BNB and its worth is up nearly 11% on the week.
Our favourite ‘Crypto Twitter’ submit
Calling all builders who didn’t have dates on Valentine’s Day and tweet about zero-knowledge roll ups…this one is, sadly, for you. For these of you who did have plans, it is perhaps time to combat again.
![A screenshot of a post on X by Aubrey Strobel](https://techcrunch.com/wp-content/uploads/2024/02/Screenshot-2024-02-14-at-11.17.40 PM.png)
Picture Credit: X (opens in a brand new window)
The most recent pod
Chain Response is doing a month-to-month collection diving into totally different subjects and themes in crypto. This month we’re specializing in NFTs.
For this week’s episode, I interviewed Yat Siu, co-founder and govt chairman of Animoca Manufacturers.
Yat co-founded Animoca in 2014 and since then it has invested in additional than 400 web3 initiatives throughout a spread of sectors like DeFi, training, infrastructure, blockchain gaming and the metaverse.
Animoca additionally has its personal NFT collections, blockchain merchandise and video games, like its web3 NFT-based neighborhood Mocaverse, the blockchain sport and NFT assortment REVV Racing and The Sandbox, a decentralized digital world with over 40 million cell installs. The corporate has additionally labored with different well-known manufacturers and personalities, like Disney, WWE, Energy Rangers, The Strolling Lifeless, Method E and Snoop Dogg.
Yat and I talk about the significance of digital property rights, rising NFT communities and what makes a challenge stand out from others.
We additionally dive into:
- Evolution of NFT’s IP
- Constructing model familiarity
- Asia embracing web3 and NFTs
- The worldwide race for adoption
Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the most recent episodes, and please go away us a evaluate should you like what you hear!
Observe the cash
- Buying and selling-focused Architect raised $12 million spherical led by BlockTower and Tioga Capital
- Fordefi raised $10 million to launch wallet-as-a-service in spherical led by Electrical Capital
- Anzen raised $4 million to supply entry to yields backed by real-world property
- Mercure DAO raised $1.5 million for its web3 incubator
- Analog raised $16 million in seed spherical to construct cross-chain infrastructure
This listing was compiled with data from Messari in addition to KryptoCoinz’s personal reporting.
What else we’re writing
Need to department out from the world of web3? Listed here are some articles on KryptoCoinz that caught our consideration this week.
- Bluesky and Mastodon customers are having a combat that would form the subsequent technology of social media
- Foundry Group is shutting down and gained’t increase one other fund
- ChatGPT will now keep in mind — and overlook — stuff you inform it to
- Hackers uncover new TheTruthSpy stalkerware victims: Is your Android system compromised?
- For those who’re going to market, your GTM slide must be superior