“Asia-based VC firm CMCC Global has launched its $100 million Titan Fund to support blockchain startups, initially focusing on Hong Kong before expanding globally. Contributors to the fund include Winklevoss Capital and Animoca Brands. Despite recent declining global interest in cryptocurrency, Hong Kong’s revised stance on the industry makes it an appealing destination for crypto businesses.”
Search Results for: CMCC Global
Bulls and Bears: The Scramble for Asian Blockchain Startups Amidst Funding Dilemma
Hong Kong-based venture capital firm CMCC Global has launched a $100M fund targeting blockchain startups in Asia. Despite falling global investment trends, this fund is committing to advancing blockchain infrastructure, highlighting a compelling future for crypto investment amid regulatory changes and associated risks.
Bridging Traditional and Digital Finance: Visa’s Pivotal Role and the Future of Crypto Adoption
Visa’s Innovation & Design VP, Akshay Chopra, emphasized the growing role of crypto cards in market activity and everyday transactions in 2021, bridging traditional finance with digital currencies. Recognizing limitations of current financial systems, he proposed blockchain-based alternatives and praised regulatory foresight in places like UAE for embracing crypto-based payments.
Mocaverse Funding Boosts Blockchain Evolution: Promise or Peril in Web3 Gaming?
Animoca Brands, a forefront player in the evolving blockchain technology sector, recently raised $20 million for their Web3 identity project, Mocaverse. This funding aims to advance Mocaverse by directing more resources towards product development, Web3 adoption, and building new alliances. However, there exist concerns about the project’s execution, data privacy and the balance between expansion and sustainability.
Crypto Error Sees Loss of $500k in BTC: A Week of Crypto Highs, Lows, and Ethical Pursuits
In a significant blockchain error, a Bitcoin user mistakenly paid a 20 BTC ($500,000) fee to move only 0.074 BTC ($200). Additionally, gaming VC firm Animoca Brands secured $20 million for the Mocaverse project, and Unstoppable Domains introduced a Business-to-User messaging feature. Meanwhile, the DOJ targets Bitcoin fraud and French regulators launch an educational module for influencers. Decentralized exchange Sushi integrated with non-Ethereum Virtual Machine chain Aptos, marking a significant step in blockchain interoperability.
Navigating the Dilemmas of Animoca Brands’ Mocaverse: Blockchain Innovation or Digital Disparity?
“Animoca Brands has declared a funding round closure for the development of ‘Mocaverse,’ a new platform for online gaming, culture, and entertainment using DAO-based approach. Yet, this promising venture raises concerns over privacy, security, and potential centralization of the decentralized Web3.”
Animoca Brands Raises $20M for Mocaverse Project: A Revolutionary Leap or a Risky Bet?
Animoca Brands raised $20 million in initial financing for its Web3-native tool project, ‘Mocaverse’. With this funding, the company aims to foster product development, enhance Web3 adoption, and establish strategic partnerships to enrich the gaming, culture, and entertainment ecosystem. However, the complexity and uncertainty of blockchain developments foster skepticism.
Crypto
This week, the crypto industry has been abuzz with developments that signal both the increasing […]