"Web3 Startups Struggle as Crypto Winter Persists: Crunching the Numbers"
Despite the highs and lows of the crypto world, blockchain enthusiasts, founders, and investors remain optimistic that the sector will rebound. However, recent data suggests that the current crypto winter may not be thawing anytime soon. According to Crunchbase's web3 tracker, web3, crypto, and blockchain startups collectively raised $1.2 billion in VC funding in April and May of this year, with Q2's projected total falling short of Q1 2023's $2 billion and Q1 2022's $10.8 billion. The Exchange explores the struggles and future prospects of the web3 sector.
Blockchain Gaming Investor Animoca Brands Misses Financial Report Deadline Due to Market Turbulence
Hong Kong-based blockchain gaming and Web3 investor, Animoca Brands, has yet to publish its 2020 audited accounts despite receiving an extension until the end of Q1 2023. The company's chairman, Yat Siu, attributed the delay to market turbulence in 2021 and 2022. Animoca Brands made about 450 rounds of investments in Web3 projects, but the volatility of the tokens has presented a problem. The auditors are working to reflect the impact of 2020 investments in 2021 or 2022 in the accounts, causing a delay in publishing the reports.
Trip.com To Release Dolphin-Themed NFTs for Travelers on Web3
Trip.com has made history as the first global travel service provider to enter the world of non-fungible tokens (NFTs) with its inaugural collection, called "Trekki". The collection consists of 10,000 NFTs featuring a dolphin animation, each with a unique personality and travel background. Interested parties can register on Trekki's official website, and blind crates will be available for purchase in Q3 2023. Trekki aims to connect Web3 migrants with the travel industry by offering access to Trip.com benefits for those who appreciate distinctive experiences and digital collectibles.
The Crusade of Molly White in Unmasking the Dark Side of Crypto
Molly White is a software engineer turned crypto pundit who advocates for transparency and caution in the volatile world of cryptocurrencies. Her blog, Web3 Is Going Just Great, sheds light on the dark underbelly of the industry by chronicling thefts, debunking marketing hype, and highlighting risks.
MakersPlace Launches Artist Launchpad Program to Empower Digital Artists in the Web3 Art World
MakersPlace, a leading marketplace for rare digital fine art, has launched the Artist Launchpad Program to empower artists with the knowledge and tools needed to succeed in the world of non-fungible tokens (NFTs). The program offers benefits such as a private Discord server for community building, monthly educational courses, collaboration opportunities with industry experts, and rewards for achievements. The program will run for four months, prioritizing education, community building, and motivation. Interested artists can submit their information for consideration and expect to receive program details in mid-June.
IOTA Co-Founder Invests in SPYCE.5 to Accelerate Blockchain Adoption in Enterprise Market
David Sonstebo, co-founder of IOTA, has invested in blockchain and Web3 infrastructure provider SPYCE.5 to accelerate blockchain adoption.
QORPO Game Studio aims to bring triple-A gaming to Web3 with Citizen Conflict and AniMate
In the first quarter of 2023, the Web3 gaming industry experienced growth and exciting developments, with traditional Web2 gaming companies investing $739 million in blockchain games and metaverse projects. Gaming has become a major point of interaction between users and Web3, with almost half of blockchain activity coming from gaming.
MetaTrust's AI Scan Engine: Harnessing the Power of GPT and Static Analysis
True potential of GPT can be fully harnessed when combined with a powerful static analysis tool
