Cryptocurrency
NFTs
Binance’s VC Arm Raises $500M to Fund Web3 and Crypto Adoption
  • The fund is the first in Binance Labs’ history to be created with outside capital, namely from DST Global Partners, Breyer Capital, unnamed private equity funds, and others.
  • The new $500 million fund will invest in cryptocurrency companies in three stages of development, from incubation, to early-stage venture, and finally late-stage growth.
June 1, 2022, 1:22 PM
Binance CEO Changpeng Zhao

Binance CEO Changpeng Zhao speaking at an “Ask Us Anything” conference. Binance

GameStop Launches Crypto and NFT Wallet
  • GameStop’s self-custodial browser extension wallet will run on Ethereum’s Loopring layer-2 scaling protocol, enabling cheaper and faster transactions.
  • The GameStop wallet will also allow users to connect to the GameStop NFT marketplace, which is expected to launch in the second quarter of the company’s financial year.
May 23, 2022, 6:19 PM
gamestop

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KuCoin Raises $150M, Announces Web3 Expansion
  • KuCoin’s $150 million pre-Series B funding round was led by Jump Crypto, and increased the valuation of the company to $10 billion.
  • KuCoin will use the funds to expand its product offerings, as well as build and invest into DeFi, GameFi, NFT, and crypto wallet platforms.
May 10, 2022, 7:38 PM
kucoin

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Meta to Start NFT Tests on Instagram This Week
  • Mark Zuckerberg revealed that Instagram will be the first app under Meta’s control to start NFT tests, and that Facebook could soon see a similar functionality.
  • Meta’s CEO also noted that the company was working on augmented reality NFTs, which will allow users to place their digital art into physical spaces.
May 9, 2022, 8:07 PM
instagram

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Apr 19, 2022
KuCoin Launches $100M NFT Creators Fund
  • The $100 million Creators Fund was launched by the company’s venture arm, KuCoin Ventures, and its newly launched NFT marketplace, Windvane.
  • It will support a wide range of NFT projects, such as art, sports, profile pictures (PFPs), Asian culture, celebrities, GameFi, and others.

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