“Momentum Capital recently received $10M from BM Fund aimed at expanding their team and investing in early-stage Web3 ventures. Despite market uncertainties, both entities show confidence in the future of crypto, particularly Web3 technologies showcasing inherent value.”
Search Results for: Evan Cheng
Binance Labs & CoinFund Fuel Neutron’s Growth: Interchain Security vs AI Funding Dominance
Binance Labs and CoinFund co-led a $10 million funding round for Neutron, a cross-chain smart contract platform in the Cosmos ecosystem. The investment aims to develop Neutron’s blockchain software, allowing developers to create secure, user-friendly decentralized applications (DApps) across 51 blockchains.
Revolutionizing Sports: Red Bull Racing’s Blockchain Partnerships & What It Means for the Industry
Red Bull Formula One Racing and Mysten Labs-backed Sui network announce a multiyear partnership, aiming to offer globally available digital experiences through blockchain technology. The collaboration follows Red Bull Racing’s $150 million sponsorship agreement with crypto exchange Bybit, highlighting blockchain’s potential to revolutionize traditional industry practices in sports.
Digital Yuan and ASEAN: Exploring Opportunities, Challenges and the Undeniable Impact on Global Trade
China is looking to showcase the capabilities of its Central Bank Digital Currency, the digital yuan, to ASEAN nations, potentially indicating a cross-regional usage. Political diversity among ASEAN members and their affiliations could, however, influence this dynamic. Amid de-dollarization efforts in the region, Beijing’s digital yuan could find an increasing role. Opportunities may also arise from Bank of Indonesia’s interest in cross-border CBDC usage.