Funds


Finance

NFT Platform Immutable Launches $500M Venture Fund for Web3 Games

Immutable Ventures will work with groups including Animoca and GameStop.

(Getty Images)

Markets

Market Wrap: Bitcoin Tumbles Most in 1 Year as Crypto Cracks Appear

Bitcoin slumped to about $23,000 when the Celsius withdrawal halt combined with a sell-off in traditional markets to sour trader spirits.

Bitcoin's price is no longer clinging to the $30K zone. (CoinDesk)

Policy

Ukraine to Use NFTs to Save Its Cultural ‘DNA’ Amid Russian Invasion

"Right now, museums and cultural sites are being destroyed by rockets," said the President of the Blockchain Association of Ukraine

Blockchain Association of Ukraine President Mike Chobanian, NEAR Protocol co-founder Illia Polusukhin, crypto advisor to Ukraine Brittany Kaiser and Ukrainian Minister of Digital Transformation Alex Bornyakov at Consensus 2022 (Amitoj Singh/CoinDesk)

Finance

Arrington Capital Launches $100M Growth Fund for Moonbeam Ecosystem

The fund, in partnership with the Moonbeam Foundation, will back new projects and protocols on the EVM-compatible Polkadot parachain.

Michael Arrington, founder of the TechCrunch blog.

Markets

Bitcoin Funds Rake In New Money as Altcoin Funds Suffer

Funds that manage BTC pulled in some $126 million last week, more than all other digital-asset funds combined, a CoinShares report shows.

Bitcoin funds outperformed other digital-asset funds in raking in new money last week. (CoinShares)

Finance

Canonical Crypto Launches $20M Inaugural Fund Backed by Marc Andreessen, Chris Dixon

The early-stage fund will invest in infrastructure projects for blockchain developers.

Canonical Crypto founder Anand Iyer (Canonical Crypto)

Finance

UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy

Nickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared to bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%.

(Shutterstock)

Finance

Former Binance Execs Create $100M Fund to Spur Crypto Adoption in Emerging Markets

Old Fashion Research was formed by Ling Zhang and Wayne Fu, previously Binance's vice president of M&A and head of corporate development respectively.

Old Fashion Research is named after the classic cocktail. (Unsplash)

Finance

Early Solana Investor NGC Ventures Raises $100M for Web 3-Focused Fund

The Metaverse Ventures Fund will back early-stage projects in DeFi, NFTs and GameFi

Cometh has raised $10 million in a new funding round. (Getty Images)

Finance

A16z Launches First Gaming Fund With $600M Commitment

The venture capital giant will invest in game studios, apps and infrastructure.

Andreessen Horowitz co-founder and General Partner Marc Andreessen (Fortune Live Media via Flickr)