Blockchain
Steven Bartlett launches thirdweb, the new platform paving the way for the Web3 revolution, with $5M in funding from Gary Vaynerchuk and more
Steven Bartlett, the founder of Social Chain (with a market valuation of over $600m), and the youngest investor on BBC’s “Dragons’ Den” TV show, along with Furqan Rydhan, founding CTO of Bebo and AppLovin (valuation, $42B), today launch thirdweb – a groundbreaking new technology platform for building NFT and Web3 apps. With thirdweb, launching a Web3 project is as simple as an e-commerce store on Shopify. thirdweb makes it easy to build Web3 apps including blockchain games, NFT platforms, DAOs, and creator projects. It equips creators, artists, developers, game studios and entrepreneurs with an intuitive suite of tools to seamlessly add features to Web 3 projects including NFTs, social tokens & currencies, marketplaces (for buying and selling tokens), and NFT lootboxes & drops- in a matter of clicks.
With offices in London, New York and San Francisco, thirdweb has just closed a $5m round of funding from a pool of high-profile business leaders, entrepreneurs and A-List creators including: serial entrepreneur and prolific angel investor Gary Vaynerchuk, Ryan Hoover, founder of Product Hunt, Shaan Puri, investor in Deel & Bolt, Imran Khan & Qiao Wang – founders of DeFi Alliance, Soona Amhaz, founder of Volt Capital, Greg Isenberg co-founder & CEO of Late Checkout and advisor to Reddit, Packy Mccormick founder of Not Boring, and Christian Angermayer, founder of Atai Life Sciences and Apeiron Investment Group. Over 1,000 developers are using thirdweb in the early access stages, whilst major brands including Nike, Disney, Bumble and Meta have stated their intentions to build products for the metaverse, Web3 and NFT spaces.
Said Bartlett: “Web3 is not just the future, it’s also the present. We’re currently witnessing one of the greatest technological shifts of our lifetime; it’s happening before our eyes and it’s going to touch every major industry and everyone’s life. We built thirdweb to allow entrepreneurs, developers, brands and creators to unlock the potential of this 3rd iteration of the internet in the easiest way possible – without having to learn a brand new coding language and without needing to hire a completely new team. In the same way that Stripe made payments easy for builders and creators, thirdweb makes Web3 easy, unintimidating and accessible.”
thirdweb, which supports a multi-chain ecosystem of blockchains, provides smart contracts, SDKs, widgets and UI components for creating customized Web3 ecosystems. Adding a feature with thirdweb deploys an on-chain contract on the developers behalf which gives them full control and ownership of their projects.
Said Rydhan: “It’s inevitable that web3 will be the foundation for the next wave of the internet, and we’re excited to be providing the tools to build decentralized apps easily”
thirdweb’s essential Web3 features enable users to:
- Drops – Create a timed drop where their users can easily claim or purchase an NFT from a link on their site through marketplaces and auction experiences.
- Packs – Create and sell chance-based packs or lootboxes of NFTs.
- Marketplace – Deploy and manage an owned marketplace to allow their audiences to buy and sell NFTs from their projects.
- Splits – Control the distribution of income from their project by implementing royalty splits to multiple people.
- Airdrops – See who owns their NFTs and airdrop free NFTs into their wallets.
- Tokens – Launch their own digitized currency, custom social tokens and governance tokens to enable their users to interact with their NFTs and create an economy around their project.
The capital will be used to hire for both the technical and growth teams, with the aim of rapidly scaling the business. The company’s priority is ensuring its early customers are as successful as possible building projects using the platform.
The platform is free to use until royalties and fees are programmed into the sales of NFTs that are launched. thirdweb takes a small percentage (5%) of the royalties of secondary sales, which means the company’s compensation is in direct proportion to the success of its customers.
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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