Venture capital (VC) firms focused on Web3 projects and crypto businesses are accumulating billions of dollars worth of assets under management as more capital is injected into the sector. The assets under management figure for Web3 and crypto investment firm Paradigm has recently been revealed. Filings show that the firm has $13.2 billion in assets, a growth of 343% compared to the $2.98 billion reported in a filing in December 2020. The filings were reviewed by business journalist Eric Newcomer. Writing for his newsletter, he looked at recent applications with the U.S. Securities and Exchange Commission (SEC) for some of …

Coinbase Ventures, an investment arm of American crypto exchange Coinbase, shared a plan to invest $1 million in various Indian cryptocurrency and Web3 initiatives via an in-person pitching event. In a blog post drafted while he was in India, Coinbase CEO Brian Armstrong revealed that the venture firm intends to tap into India’s software talent with the crypto and Web3 technologies and help accelerate India’s economic and financial inclusion goals. Calling India’s cryptopreneurs! Coinbase Ventures is partnering with @BuidlersTribe to host an in-person pitch day in Bangalore in April. $1M+ is up for grabs, including $25k bonus grants provided by …

The future of Web3 domain names The Ethereum Name Service aims to make crypto transactions more convenient and accessible, similar to how PayPal can be used to pay a friend for lunch in crypto. ENS is a step forward in terms of making blockchain interaction more accessible. However, because of its use and growing popularity, we may witness an increase in ENS names, just as we no longer use IP addresses to access the web. Businesses will become more transparent and user-centric due to Web3 hostings. It opens the door for blockchain, and in the future, individuals, apps and websites …

The music sector hit record revenues at $25.9 billion in 2021, which amounts to an 18.5% growth from 2020, according to IFPI’s “Global Music Report.” Of these nearly $26 billion, streaming drove the bulk of the growth, with a 24.3% increase relative to 2020. These patterns constitute great news for the emerging class of NFT musicians and highlight the demand for audio and video content. Even if the way that streaming is done changes — moving from centralized platforms, like Spotify to decentralized NFT marketplaces — streaming is here to stay. The rise in streaming is part of a broader …

As Bitcoin (BTC) continues to eat away at gold’s market share, the bullion industry is looking to blockchain — the technology first made famous by BTC — to solve its most enduring challenges. How’s that for irony? Someone should really check on Peter Schiff. Speaking of Bitcoin, a MicroStrategy subsidiary confirmed this week that it plans to buy more “digital gold” through a crypto-collateralized loan. Terraform Labs CEO Do Kwon also ramped up his Bitcoin purchases to provide solid backing for Terra’s UST stablecoin. This week’s Crypto Biz takes a deep dive into the gold industry and the latest business …

The world is largely governed by the creator economy, an economy defined as a class of businesses that rely on the 50 million content curators, bloggers, creators and videographers that bring something new or original into existence. This differs greatly from the previously defined attention economy, where brands were forced to fight to be the loudest in a saturated market. Now, social media platforms have enabled the easy distribution of content, encouraging the growth of something bigger than a company’s offerings— the creation of communities. Creators provide value to the economy through their ability to entertain, inspire, and inspire trust …

Delegates at the Binance Blockchain Week talked about their Web3 stories and the growth of Web3 opportunities within their local communities. The recent conference brought crypto community members from all over the world to share their passions, meet like-minded people, learn from keynote speeches by community leaders, and share their perspectives on the state of Web3. One of the topics people showed interest in was the growing demand for Web3 talent. As the internet is evolving from Web2 into Web3, reports show that the demand for talent within the Web3 space is rapidly increasing and there are lots of opportunities …

The Recording Academy, a major music recording company famous for its annual music awards Grammy Awards, has inked a partnership with Binance, the world’s largest crypto exchange by trading volumes. According to a joint announcement on Thursday, Binance became the first-ever official crypto exchange partner of the 64th Annual Grammy Awards and Grammy Week events to bring various Web3 technology solutions and experiences to the organization's events and projects. The partnership was announced just a few days before the 64th Grammy Awards ceremony, which will take place on April 3 at the MGM Grand Garden Arena in Las Vegas. Recording …

Delta, an investment tracker app that allows users to keep tabs on their stock and crypto portfolios, is now entering the nonfungible token realm with its NFT explorer services. The newly announced NFT tracker would allow users to track their NFT collections alongside their stocks and crypto holdings. With the new update, Delta users will be able to link their Web3 wallet to their native fund tracking account. The NFT tracker services would start with Ethereum wallets only, however, the firm confirmed the scope for multi-chain wallet support by the end of 2022. The NFT tracker and explorer services would …

A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association that will work with policymakers to advance Canada’s position at the forefront of the global digital economy. Bringing together exchange platforms, blockchain projects and tech investors, the association will work to advance blockchain-related policies that balance “innovation, consumer protection, and stability”. The open letter from Web3 Council announcing its launch came out on Tuesday, March 29. At the outset, the association consists of 11 members: Aquanow, Axiom Zen, Chainsafe Systems, Dapper Labs, Ether Capital, ETHGlobal, Figment, Informal Systems, Ledn, Wealthsimple and WonderFi Technologies. Related: …

The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted more than 70 brands, artists and designers including big names like Tommy Hilfiger, Estée Lauder, Philipp Plein, Selfridges and Dolce & Gabbana. Gigi Graziosi Casimiro, head of Decentraland’s Metaverse Fashion Week, told Cointelegraph that MVFW is a diverse event aiming to connect physical and digital fashion …

This past weekend, Decentraland hosted the Metaverse Fashion Week, or MVFW, a four-day digital fashion event that staged wearables on virtual runways, organized discussion panels, and housed shopping experiences. A lineup of both legacy luxury labels and digital brands participated, including Dolce & Gabbana, Etro, Tommy Hilfiger, Estée Lauder, and Elie Saab. Meanwhile, digital-native fashion houses Auroboros, DressX, and republique hosted immersive spaces and stores within specific fashion districts, designated by coordinates on a map. Just like New York Fashion Week events may take place across different boroughs of the city, so did Decentraland's MVFW materialize across different districts. Dolce …