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Welcome back to Chain Reaction. Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and tattoos and booze and fun. If you want to get this in your inbox every Thursday, you can subscribe on TechCrunch’s newsletter page. Exit opportunity It’s no secret at this point that

A hacker has exploited a vulnerability to steal $100 million from Harmony’s Horizon Bridge, which allows users to transfer their crypto assets from one blockchain to another. Harmony, the U.S. crypto startup behind Horizon, said in a blog post on Friday that it was notified of a “malicious attack” on its proprietary Horizon blockchain bridge

OSOM and Nothing have quickly become two of the most fascinating companies operating the smartphone space in recent years. Nothing is the latest project from OnePlus co-founder, Carl Pei, while OSOM is largely composed of former Essential employees looking to launch their own thing in the wake the company’s messy dissolution. That Pei purchased Essential’s

The NFT NYC conference this week has brought hordes of web3 enthusiasts to Times Square in an extravagant celebration that stands out against the much-less-exuberant crypto market. There have been yacht parties, celebrity cameos and even a Snoop Dogg impersonator running around the event. Hello and welcome back to the Chain Reaction podcast, where we unpack and

The co-founder and CEO of Solana, Anatoly Yakovenko, had a Steve Jobs moment when he stood in front of an auditorium in New York City and announced the launch of Saga, an Android web3-focused smartphone. “This is something that I fundamentally believe the industry needs to do,” Yakovenko said. “We didn’t see a single crypto

The past several months haven’t been entirely kind to the NFT market — while transaction volume hasn’t stuttered too significantly, the dollar amount invested in the space has been in free fall as cryptocurrency prices have taken a historic dive. With that as background, it might not seem like the best time to launch an

The market is still working out what to charge to buy and sell digital assets today. The trend, however, is clear.

While the crypto industry was in free fall over the past few months, web3 games remained fairly stable.

There’s been a massive proliferation of fintech services in the past few years, during which fintech companies competed to develop new products more quickly than their competitors. Nowadays, the race between fintechs has much more to do with consolidation and which companies can build a holistic, “one-stop-shop” by bringing those different products onto one platform.

The past few weeks have been a dark time for NFT lovers and players in the cryptocurrency industry, but for startups and executives that are dug into the vision of a crypto future, it’s also been an opportunity to double down. This week, Uniswap announced that it has made a new acquisition, buying up NFT

A Ukrainian deep tech startup is launching a charity NFT project to sell AI-generated artworks with the twin goal of raising money to support people affected by Russia’s war of aggression and also — it hopes — keep attention locked on the conflict as it approaches its fourth month, with many in the country concerned

NFT marketplace Magic Eden, launched just nine months ago, has raised $130 million in a Series B round co-led by Electric Capital and Greylock Partners, bringing its valuation to $1.6 billion. Lightspeed Venture Partners also participated alongside previous investors Paradigm and Sequoia Capital. The round comes just three months after it closed a $27 million