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What the heck are ‘social tokens’ — and why would anyone want to use them? 

What the heck are ‘social tokens’ — and why would anyone want to use them? 

Quick Take

  • Platforms have emerged that make it easy for artists, musicians, and other creators to issue crypto-tokens specifically designed for use by their community of fans.  
  • Now creators are learning about the upsides — and downsides — of launching their own currencies.

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Deciphering the Metaverse #1 – The Rise of the Multi-Chain NFT Market

Quick Take

  • Being at the forefront of innovation, NFTs took the market by storm and increasingly gained mindshare among crypto natives as well as the wider public
  • Despite the prevalent narrative touting Ethereum as the de-facto ruling NFT blockchain, plenty of burgeoning NFT ecosystems are springing up on other blockchains that are looking to dethrone the incumbent
  • This report is part of a new weekly series from The Block Research exploring the most interesting insights in NFTs, crypto gaming, and virtual worlds across several chains

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a16z leads funding round for startup trying to build a crypto social credit score

A startup that wants to create a Web 3.0 version of Quora just raised $3.1 million in a new funding round led by a16z.  Launched in May 2021, Mem Protocol is part of the newest wave of entrepreneurs seeking to improve existing social media services with decentralized architectures. To start, the firm will release a […]

The post a16z leads funding round for startup trying to build a crypto social credit score appeared first on The Block.

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Acting OCC head Hsu wants consolidated supervision for crypto

In comments to the Federal Reserve Bank of Philadelphia, Hsu advocated for consolidated supervision of crypto firms.

The post Acting OCC head Hsu wants consolidated supervision for crypto appeared first on The Block.

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ConsenSys closes $200 million raise at $3.2 billion valuation

ConsenSys has raised $200 million from investors including Coinbase, HSBC and Marshall Wace, tipping its valuation to over $3.2 billion.

The post ConsenSys closes $200 million raise at $3.2 billion valuation appeared first on The Block.

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ECB links crypto yield-chasing to market vulnerability concerns amid rising inflation

The European Central Bank says crypto is subject to speculative bouts of volatility, while calling for stablecoin regulations.

The post ECB links crypto yield-chasing to market vulnerability concerns amid rising inflation appeared first on The Block.

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[SPONSORED] Pinata’s Coffee Shop: Are ALL NFTs Assets?

At Pinata, we like to relate Web3 concepts to everyday objects that people can easily understand.

The post Pinata’s Coffee Shop: Are ALL NFTs Assets? appeared first on The Block.

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Klarna continues shopping spree with discount startup deal

Swedish buy now, pay later (BNPL) giant Klarna shows no sign of stopping its acquisition spree, buying out discount browser extension Piggy.

The post Klarna continues shopping spree with discount startup deal appeared first on The Block.

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Constitution DAO has raised $11 million so far — with one day to go

Constitution DAO has so far raised $11 million in its quest to bid on a very rare print of the U.S. Constitution.

The post Constitution DAO has raised $11 million so far — with one day to go appeared first on The Block.

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Policy Scoop with Aislinn Keely: Unpacking the FATF’s guidance and its impact on the global crypto landscape

The crypto world has only just begun digesting the finalized crypto reporting requirements from the Financial Action Task Force, or FATF. The years-long process began in the summer of 2019 when the FATF made public its initial version that called for what it dubbed virtual asset service providers, or VASPs, to undertake an unprecedented degree […]

The post Policy Scoop with Aislinn Keely: Unpacking the FATF’s guidance and its impact on the global crypto landscape appeared first on The Block.

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