Decentralized science is like early DeFi in 2019: Crypto VC
Mechanism Capital’s Andrew Kang said DeSci protocols will likely change their existing models before evolving into more market-ready products. Go to Source
Mechanism Capital
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Ethereum could fall 30% after spot ETH ETFs launch — Crypto VC
Mechanism Capital’s Andrew Kang believes an Ether ETF would provide limited upside for the asset unless Ethereum “develops a compelling pathway to improve its economics.” Go to Source
Holograph fell 80% in 9 hours after exploiter mints 1B additional HLG
The 1 billion HLG tokens were worth $14.4 million at the time of the first mint, Etherscan data shows. Go to Source
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and … Read more
Near Foundation Raises $150 Million to Bolster Web3 Adoption
On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind … Read more
