Why exactly is it so unspeakably bad to ask users to input the seed phrase from a crypto wallet into a web extension? For software wallets like Exodus or Electrum, a seed phrase is fairly analogous to the “private key” that grants direct control of a single on-chain Bitcoin account. It is generated by an automatic system, and unlike, say, a Google password, even the wallet’s … [Read more...] about DeSo Wants Your Seed Phrase. Let Them Come and Take It
Seed
NFT Curation Site JPG Goes Live With $3.8M in Seed Funding
“The scope we’re aiming for is bigger than just artworks,” JPG co-founder Sam Spike told CoinDesk in an interview. “While building relationships with existing galleries is important, our thesis about the cultural importance of NFTs extends into gaming assets, tokenized literature or collectibles, Apes, Cats, whatever it may be.” Source link … [Read more...] about NFT Curation Site JPG Goes Live With $3.8M in Seed Funding
Avalanche-Based Wonderland Makes Seed Investment in Betting Dapp
Wonderland, and its creator Daniele Sestagalli, shot to popularity in November 2021 on the back of the successes of both OlympusDAO, an Ethereum-based algorithmic currency protocol that inspired Wonderland, and Abracadabra, an Ethereum-stablecoin lending project built by Sestagalli. Source link … [Read more...] about Avalanche-Based Wonderland Makes Seed Investment in Betting Dapp
Play-to-Earn Platform Rainmaker Nabs $6.5M Seed Round
Seed investors are taking 4% of all RAIN tokens. That would give Rainmaker Games, which has not yet launched, a market cap of around $162 million. Play-to-earn games such as Axie, which requires an expensive NFT to access, can command multibillion-dollar market caps. Source link … [Read more...] about Play-to-Earn Platform Rainmaker Nabs $6.5M Seed Round
‘DeFi 2.0’ Platform JellyFi Raises $4.4M Seed Round
Also included in the round were ParaFi Capital, Tioga Capital, White Star Capital, DeFiance Capital, True Ventures, Divergence Ventures, AngelDAO, Digital Currency Group and Genesis Trading (both in the same ownership stable as CoinDesk), plus some angel investors. Source link … [Read more...] about ‘DeFi 2.0’ Platform JellyFi Raises $4.4M Seed Round