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Decentralized betting platform Polymarket is finalizing a $200 million funding round that would put the company’s value at around $1 billion, giving it “unicorn” status, Reuters reported. According to the June 24 report that cited sources familiar with the matter, billionaire entrepreneur Peter Thiel’s Founders Fund will lead the funding round. Polymarket Raises $100M Despite Multiple Bans Polymarket has already raised $100 million, which included a $50 million capital injection earlier this year, Bloomberg reported . The funding round comes after Polymarket announced at the start of June that it partnered with Elon Musk’s X (formerly Twitter). Through this partnership, the companies will try to merge Polymarket’s prediction markets with AI-driven insights from X’s Grok chatbot. .@polymarket isn’t just turning into a place to bet on world events – it’s becoming a mirror into who knows what before we do… But lat...

The non-fungible token market continues to regain momentum, with businesses, institutions, and notable investors shifting their focus back to this burgeoning sector. In an interesting incident, Vitalik Buterin, the co-creator of the Ethereum crypto and its blockchain network, has bridged 32 Ether from Ethereum to the Base Layer 2 blockchain network to buy some NFTs during this Trump NFT market surge. Ethereum Co-Founder Acquires Additional 400 Patron NFTs In a November 19 blog post, Peckshield, a renowned blockchain security and data analytics company, confirmed that Vitalik.eth, a crypto wallet address affiliated to Vitalik Buterin, the co-creator of the Ethereum crypto ecosystem, has bridged 32 Ethereum worth around $100,000 from Ethereum to Base. The Vitalik.eth labeled crypto address has utilized the liquidity to buy 400 Patron NFTs. #PeckShieldAlert vitalik.eth labeled address has bridged 32 $eTH from #Ethereum to #Base & minted 400 PatronNFT pic.twitter.com/z2R9r7JCP8 ...

Analysts at DappRadar say the decline in funding is due to the distinct market dynamics of 2023. Web3 gaming projects raised $600 million in Q3 2023, which is 50% lower than in Q3 2022, according to data provided by DappRadar. Although the number of deals in the third quarter was not specified, the analysts say that web3 gaming raised $2.3 billion since the beginning of 2023. However, as noted by DappRadar, venture capitalists (VCs) such as Andreessen Horowitz (a16z) were not interested in gaming projects only as the significant allocation (nearly 44% of all funds) was towards investment firms this time. Web3 investment cashflow breakdown | Source: DappRadar Despite this investment sentiment shift, DappRadar says that investors’ strategy “underscores the confidence and commitment VCs hold for the future of this domain.” You might also like: Epic Games announces layoffs as expenses exceed revenue This shift also coincides with other sectors, such as...

Despite its libertarian reputation, author and podcaster Joshua Dávila, aka The Blockchain Socialist, believes crypto is for everyone — including the Left. Crypto has been the subject of much criticism from those on the political Left, many of whom see cryptocurrencies like Bitcoin (BTC) as being associated with libertarian or right-wing ideas. One common perception is that cryptocurrencies and other block chain -based technologies, such as nonfungible tokens (NFTs), exist for the primary purpose of concentrating wealth, scamming investors and otherwise replicating existing financial and power structures — just in a more unregulated manner. On Episode 16 of The Agenda podcast , hosts Ray Salmond and Jonathan DeYoung chat with author and podcast er Joshua Dávila, host of The Block chain Socialist podcast and author of the new book Block chain Radicals: How Capitalism Ruined Crypto and How to Fix It. Dávila is critical of the capitalistic tendencies of much of the crypto space and ...