Airdrops are a token distribution method that allows crypto users who have performed certain actions to claim tokens. In this case, the airdrop applied to any Ethereum address which purchased a non-fungible token (NFT) on the popular OpenSea marketplace – a potential pool of over 850,000 addresses. To be clear, OpenDAO has no relationship with OpenSea aside from targeting its … [Read more...] about OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
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Polygon to invest up to 250M MATIC into zero-knowledge tech
Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge cryptography startup Mir.Zero-knowledge algorithms enable external validators to verify encrypted transactions or documents without revealing the sensitive information hidden underneath. It is useful for complex decentralized … [Read more...] about Polygon to invest up to 250M MATIC into zero-knowledge tech
Blockchain platform Alchemy raises 250M in Series C led by Andreessen Horowitz
San Francisco-based blockchain web services company Alchemy announced a $250 million Series C fundraising round led by Andreessen Horowitz on Thursday, bringing its current valuation to $3.5 billion.This announcement comes hot on the heels of a late April $80 million Series B, which previously valued the startup at $505 million. Pantera Capital, Redpoint, Lightspeed Venture … [Read more...] about Blockchain platform Alchemy raises 250M in Series C led by Andreessen Horowitz
‘Crypto AWS’ Alchemy Hits $3.5B Valuation in $250M Round Led by A16z
“We power virtually every NFT [marketplace], we power the majority of DeFi, we power most of the top apps in this space,” Viswanathan said. “Working with a16z is just another extension for us, so that we can see all the early projects get onboarded.” Source link … [Read more...] about ‘Crypto AWS’ Alchemy Hits $3.5B Valuation in $250M Round Led by A16z
Ethereum bulls hedge their bets ahead of next week’s $250M ETH options expiry
Ether (ETH) paved the way for lower transaction costs with the Berlin upgrade on April 15. However, traders already know that the Ethereum Improvement Proposal 1559 is the most anticipated and controversial change scheduled for the upcoming London hard fork.The EIP introduces a base fee that will be burned when a transaction occurs, while miners receive a tip for validating … [Read more...] about Ethereum bulls hedge their bets ahead of next week’s $250M ETH options expiry