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This year, around 3.2 billion people — or about 40% of the world’s population — will play games, with total spending nearing $200 billion, estimates industry researcher Newzoo. The purveyors of web3 want a slice of this gargantuan market. Criticisms of the first generation of crypto games, dominated by the play-to-earn model, have already been Why this Blizzard vet thinks the next killer web3 game will come from China by Rita Liao originally published on TechCrunch

When it comes to the decentralized world of crypto, few single entities loom larger or carry more weight in the industry than exchange behemoth Binance. The blockchain giant processed $34 trillion in trading volume in 2021, it says, and the exchange shows few signs of resting on its laurels as it pursues bold new bets Binance founder Changpeng ‘CZ’ Zhao shares his vision of web3 opportunities at TC Sessions: Crypto by Lucas Matney originally published on TechCrunch

As traditional financial institutions get into crypto, some market players think cross-chain interoperability and tokenization are key. Tokenization is key to linking TradFi to the blockchain by Jacquelyn Melinek originally published on TechCrunch

The major hype around NFTs may have died down a bit since the crypto subsector took off last year, but that isn’t stopping startups from building and raising capital in the space. Minteo, a Latin American-based NFT marketplace, is betting on the digital asset sector going big in the region after it raised $4.3 million Latin American NFT marketplace Minteo raises $4.3M seed round by Jacquelyn Melinek originally published on TechCrunch

Meet Solvo, a new mobile app that wants to make it easier to invest in cryptocurrencies and cryptocurrency-related financial products. The two founders, Ayelen Denovitzer and Shailendra Sason, met while they were working for Revolut, in the crypto team, more specifically. Earlier this year, Solvo raised a $3.5 million seed round from Index Ventures with Former Revolut employees launch Solvo, an app that simplifies crypto investing by Romain Dillet originally published on TechCrunch

The update would provide a voluntary way for crypto companies to report bad actors and protect the industry from “dangerous practices.” US senators aim to amend cybersecurity bill to include crypto by Jacquelyn Melinek originally published on TechCrunch

Developers are a huge catalyst for growth in the competitive world of layer-one blockchains. Where the devs go, they build out applications and robust ecosystems, and user activity and interest tends to follow. Coral has been instrumental in building out dev tools for the Solana blockchain ecosystem. The startup created Anchor, which it says is Solana developer platform Coral raises $20M led by FTX, Jump Crypto to build web3’s iPhone by Anita Ramaswamy originally published on TechCrunch

While many layer-1 blockchains out there were built for a pretty general purpose, other networks were designed around very specific use cases. Sei, a layer-1 blockchain designed for trading, has launched a $50 million ecosystem and liquidity fund to support new decentralized finance (DeFi) applications on its platform, its co-founders Jeff Feng and Jay Jog Crypto trading-focused blockchain Sei launches $50M ecosystem fund by Jacquelyn Melinek originally published on TechCrunch

Luna Foundation Guard (LFG), a Bitcoin reserve co-founded by Do Kwon as a confidence backstop to protect the Terra ecosystem, refuted claims that it had transferred digital tokens to other crypto exchanges after South Korea issued an arrest warrant for Kwon on September 14. South Korean prosecutors say they have requested two crypto exchanges — South Korean prosecutors want to freeze Do Kwon’s bitcoin assets by Kate Park originally published on TechCrunch

The crypto industry seemed to age several decades over the past bull run, maturing in some places while barreling ahead in ambitious new pursuits, including DeFi, NFTs and web3. And while scams continued to proliferate and hacker heists became a weekly occurrence, the space onboarded an onslaught of retail investors and fostered feverish excitement among Announcing the agenda for TechCrunch Sessions: Crypto 2022 by Lucas Matney originally published on TechCrunch

The crypto world has never shied away from making big promises, but as the industry matures and its audience widens, now’s a good time to take a step back and look at how the space is delivering on its vision. Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and Can crypto make the world a better place? by Lucas Matney originally published on TechCrunch

Cardano CEO Charles Hoskinson is among the Merge critics, saying he didn’t expect Ethereum’s design of Proof-of-Stake (PoS) to be 'as rough as it is.' Cardano founder claims Ethereum community in for a ‘rough time’ following the Merge by Jacquelyn Melinek originally published on TechCrunch