Katie Haun Invests $160M In Thirdweb

Katie Haun Invests $160M In Thirdweb

Although there has been a lot of fanfare about the word “Web3,” it is still a relatively new and underdeveloped technology. Startups creating ways to interact with it more conveniently have therefore drawn a lot of interest. One of most latest development reveals thirdweb, a business that has created a development toolkit to make it easier to develop and launch Web3 products including marketplaces, blockchain games, NFTs, and DAOs. This fundraising round brought in $24 million, positioning the worth of company at $160 million.

To design and effectively launch apps to blockchains, developers may use Thirdweb’s pre-built, certified smart contracts as a fast start manual and then track the corresponding data. Applications comprise of blockchain games and non-fungible token (NFT).

Also Read: ASIC Australia To Shield Citizens From The Crypto Harm

After quitting a16z in December, Katie Haun, a retired federal prosecutor, founded her own business. In March, Haun Ventures raised $1.5 billion for 2 new ventures, quickly establishing itself as a big bitcoin investor. Exactly after two months, despite the global bear market, her former employer, a16z, made industry history by investing $4.5 billion to its fourth bitcoin fund.

The cash will be used by Thirdweb, which has headquarters in San Francisco and London, to expand the developer toolkit, which now includes roughly 10 features covering topics like smart contracts, publishing tools, decentralised logins, and much more.

Additionally, it wants to support other blockchains, draw in even more users, and grow its staff by employing new members and maybe making acquisitions. All of these initiatives will aid Web3 in gaining popularity with the general population.

Also Read: Income Of FTX Soared From $89 Million To $1.02 Billion

Even though Thirdweb has only been operational for nine months, it has been viable: To far, 55,000 developers have utilised the company’s platform to build a range of NFT goods, DAOs, games, and other apps, said co-founder Steven Bartlett.

Independent artists as well as businesses like Afterpay is among these developers. Furthermore, as of this week, six blockchains have integrated around 150,000 smart contracts.

The combined $1.5 million in revenue that these ventures generate is not shared with Thirdweb. As according Bartlett, Thirdweb no longer charges any charges or commissions, with the only exception of a few of its business clients who pay a fee in compliance with their procurement policies.

Also Read: FTX Warns Users To Stay Alert High-risk Services

The recent investment also suggests some progress. The investment is being co-led by Shopify, Coinbase Ventures, and Haun Ventures, the company established by former a16z partner Katie Haun.

The above three investors join the extensive list that gave money to thirdweb’s $5 million seed round. When attempting to build their own blockchain application, Bartlett claims he discovered a market requirement that Thirdweb fills.

Instagram NFT Feature To Be Available In 100+ Countries

Instagram NFT Feature To Be Available In 100+ Countries

Meta, the parent company of Instagram, has recently announced that they will make the Instagram NFT feature available to more than a hundred nations. The Coinbase Wallet, Dapper Wallet, and Flow blockchain are partnered with the company. Mark Zuckerberg, the CEO of Meta, asked that the company wants to expand the tokens support on Instagram, which is a video & image sharing platform. 

Previously, a test of the tokens was already launched in May. As these tokens become available to more than a hundred nations, businesses in Africa, Asia-Pacific, the Middle East, and the Americas can begin transferring the tokens on the video-sharing social media platform. 

According to TechCrunch, previously, a few chosen creators of the United States got the support. In addition, as per the statement from the company, they considered Coinbase Wallet and Dapper Wallet as third-party wallets. Now, users of the platform can transfer tokens and connect a digital wallet and tag collector with the help of the functionality of tokens. Instagram is linked with third-party party Web3 wallets.

Also Read: Tiffany & Co Announces NFTiffs” NFT Series

The company used digital collectables to display the tokens on the social media platform. It was published on May 10, 2022. According to the sources, the company will provide earnings quarterly for Q2 2022. However, criticism came from the co-founder of Ethereum price trend on the metaverse attempts on July 30.

What did Meta say about Instagram NFT feature? 

The company said on Thursday that there are no costs linked with transferring a digital collectable on the platform as long as the token roll out. 

Meta, previously called Facebook, began experimenting with the feature in July. It enables users of the platform to see their tokens. If you are a user and want to post a token, you must link your account to a digital wallet. Instagram is compatible with Ethereum, Polygon, and Flow blockchains now and different Cryptocurrency Exchange. Bitcoin Trading is something that controls the market also. 

Creators inspire users daily to push culture ahead. Blockchain Crypto Exchange technology allows them to leverage new tools through which they can earn money. If you want to support your favourite creator, you should buy any art, pictures and videos, music, or trading cards, all of which are digital collectables. Facebook experienced a fallout in public perception. But later in October 2021, it renamed its brand and changed Facebook to Meta. The company also said it would focus on digital interactions, start Reality Labs and create a metaverse. 

Also Read: Legal Troubles Surround Terra Luna

Although it announced to do these, about 77% of people were not willing that Meta would create a metaverse. Along with this, Meta has shown how much it is determined to grow itself with a recent trademark filing. The company filed five new trademark applications with the Trademark Office and the U.S. Patent on May 13. 

There existed an application which is for a crypto payment platform. In this regard, Adam Mosseri, the CEO of Instagram, said that the application might implement the technology last year. After that, Mark Zuckerberg asked in mid-March 2022 that Instagram bring tokens to the platform. Remember that Mike Krieger and Kevin Systrom set up the platform in 2010. 

Shiba Inu Price Skyrockets After Its Listing On Robinhood

Shiba Inu Price Skyrockets After Its Listing On Robinhood

Robinhood, the commission-free stock trading and cryptocurrency investment platform, has added transfer functionality for Shiba Inu. Additionally, the platform has opened its doors for cryptocurrencies that are listed on its marketplace. Shiba Inu price saw a sharp increase after the successful listing of the meme token.

In April 2022, Robinhood listed Shiba Inu, and shortly afterward, users were given the ability to move their SHIB both into and out of the platform. Because transfers are essential to increasing the meme coin’s usefulness, the ShibArmy and holders of Shiba Inu are experiencing a pivotal period right now.

shiba inu price growth

Also Read: No Language Left Behind Project Will Make FB & Instagram Translations More Accurate

This is an important step in the growth of SHIB as a currency, as it allows users to use their meme coins for purchases in real life. It also makes it easier for holders of Shiba Inu to sell their holdings at market value or to purchase other cryptocurrencies through Robinhood.

The ShibArmy, a community of Shiba Inu owners who are passionate about the token and its future, has been waiting for the listing of Shiba Inu on Robinhood since April 2022. The platform’s growth strategy called for Shiba Inu to be made available on the commission-free market as part of the plan. Along with Polygon, Solana, and Compound, Shiba Inu was included on the list.

A petition was established by ShibArmy on Change.org to get Dogecoin-killer added to Robinhood. The petition generated 550,000 signatures in support of the transfer, while the listing on Robinhood offered a boost to Shiba Inu’s visibility. Both of these factors contributed to the success of this move.

Also Read: Reddit Introduces NFT Marketplace

As the value of Shiba Inu has increased, so too has the Shiba Inu . 78.4 million SHIB were burnt in just under nine transactions over the previous twenty-four hours. The site that counts the amount of Shiba Inu that is burned, Shibburn, found that a total of 410,372,235,827,873 SHIB were destroyed during this period.

As a direct result of this enormous demand, the SHIB burn rate increased. Since the beginning of this process, a total of 410,372,235,827,873 Shiba Inu tokens have been destroyed.

The Dripto internet marketplace increases the usefulness of Shiba Inu as a means of payment online. Recently, Dripto has begun accepting Shiba Inu as a form of payment on their platform and other online marketplaces are expected to follow suit soon. Acceptance by several major corporations has also led to significant growth in value as investors seek out new opportunities for profit with this new form of currency.

Also Read: Tesla Faces A $440 M Loss As Bitcoin Price Slumps

In the past few months, cryptocurrency analysts have been paying close attention to Shiba Inu. The meme coin has been slowly creeping upward, and now it seems that it could be on the verge of breaking out.

The cryptocurrency world has been buzzing about Shiba Inu’s potential since its price began to rise in mid-November. At first, most analysts were skeptical that this coin would be able to maintain its momentum, but they’ve since changed their minds. A pseudonymous analyst known as Shib Knight has had several bullish predictions for Shiba Inu—and now he’s looking even more confident in his analysis than ever before.

Shib Knight believes that the meme coin could reach $0.00001212 or higher before it begins to stall out or reverse course—and if he’s right, then investors might be able to make some serious money off this one!

Reddit Introduces NFT Marketplace

Reddit Introduces NFT Marketplace

Reddit has announced the launch of a new NFT marketplace that enables users to purchase blockchain-based profile images for a fixed rate.

The company said people do not need to have a crypto wallet to buy digital pictures. They can use a credit or debit card to buy. In addition, customers may take the help of Reddit’s wallet product for storing digital assets.

Avatars will use blockchain technology to offer buyers the right to use the art according to their needs. The company enables users to use these according to their way. For example, you can mix their appearances using Reddit’s avatar builder merch. You can see a glow-like effect beside the user’s comments in communities.

reddit nft marketplace introduced

Also Read: Tesla Faces A $440 M Loss As Bitcoin Price Slumps

The company said that the new display photo option might help to improve the recent avatar builder feature. In addition, it enables you to mix gears and other accessories. According to the firm, members of the r/CollectibleAvatars will get NFT avatars initially.

The company also revealed that it would be partnering with Polygon, an Ethereum-compatibles blockchain. You can take the help of Reddit’s blockchain wallet, Vault, etc., which are available on the native app of the company. These are used to store and manage NFTs. Customers also use Vault’s help to earn blockchain-based community points to invest in animated emojis and badges.

Reddit claims that all tokens have a set price and may be purchased using fiat currency, like US dollars. The values of the NFT avatars are $9.99, $24.99, $49.99, $74.99, or $99.99. However, if you are not a member of the community, you must purchase the collectible avatars within the next several weeks by visiting the avatar builder website.

Also Read: Solana Beats Ethereum In NFTs Transactions

Social media platforms have been embracing blockchain technology for some time now. The popularity of cryptocurrencies has exploded in recent years, and it’s no wonder why. The concept of NFTs is still relatively new, but it’s becoming more and more popular among social media companies.

Reddit is one of those companies that are embracing NFTs with open arms. Reddit announced that they would be developing their version of an NFT marketplace called Meta Inc on their official blog last year.

The company wants to create a complete marketplace where users can buy, sell and swap various types of digital assets including artworks, music tracks, and even games. You can use Meta Inc as a platform for trading your favorite crypto-collectibles or anything else you want to sell using cryptocurrency payments.

Also Read: Coca-Cola Pride Collection Goes Live, Buy Here

The Reddit NFT marketplace will be available for anyone who wants to buy or sell crypto-based items from anywhere around the world using any currency they want—as long as it’s supported by Meta Inc’s NFT platform!

Coca-Cola Pride Collection Goes Live, Buy Here

Coca-Cola Pride Collection Goes Live, Buy Here

As a company, Coca-Cola has always been committed to supporting the LGBTQIA+ community. The company has partnered with Rich Minsi to create the artwork for its newest NFTs collection, “The Coca-Cola Pride Collection,” from Virtue and Vice’s innovative business Tafi.

The Coca-Cola Pride collection features virtual collectibles in a limited edition available on NFTs. To kick off International Pride Day, the business donates all profits from primary and secondary gross sales to OUT, an organization dedicated to promoting LGBTQIA+ rights worldwide.

Fashion designer Rich Minsi selected Out as the first year’s partner because he believes in their mission of promoting LGBTQIA+ rights worldwide. Minsi is also a well-known South African-inspired fashion designer. With this partnership, Coca-Cola is making strides toward becoming a supporter of African LGBTQIA+ rights.

coca cola pride collection 2

Also Read: Voyager App Momentarily Shuts Down Trading

In addition to partnering with Virtue and Vice’s innovative business Tafi, Coca-Cola worked with another NFT studio to develop this collection. Minsi chose Virtue because he feels it is essential that designers work together on projects that have a social impact across multiple platforms at once—and vice versa!

Who is Rich Minsi?

Minsi is a well-known South African-inspired fashion designer who has been creating clothing and accessories for over a decade. He also has over 700,000 followers on Instagram and more than 200,000 subscribers on YouTube.

Rich Mnisi is famous for his work and organizing campaigns in Africa for the rights of LGBTQIA+ individuals. Mnisi is responsible for creating around 136 one-of-a-kind works of art, all of which are included in the Coca-Cola Pride collection.

Also Read: Deutsche Bank Says Bitcoin Will Reach $28,000

What are Tafi And Virtue?

Tafi and Virtue are two companies that have recently collaborated to create a new NFT platform. This platform allows users to purchase and sell NFTs, which are digital collectibles.

Tafi is a digital studio that produces NFTs, while Virtue powers the platform. On the other hand, Vice is an independent media firm that has worked with well-known companies. They are interested in increasing their exposure to the community by including more diverse characters in their projects.

In order to accomplish this goal, Virtue will be creating NFTs (non-fungible tokens), which the buyers can purchase to own items that represent their favorite characters. The price of these NFTs is 335 MATIC (approximately $155), including shipping costs within North America.

Also Read: EU Presents First EU Crypto Draft

With this latest Coca-Cola Pride Collection of NFTs, consumers can acquire exclusive content in exchange for MATIC tokens used as a form of payment on the VeVe marketplace. The token can be acquired through mining or buying faucets (which provide free tokens).

The profits from these sales will be donated to charities that support LGBTQIA+ communities around the world. The first round of donations will go towards OUT, which provides to members of the LGBTQIA+ community in South Africa.

The Coca-Cola Pride Collection is now available on mint.maketafi.com/coca-cola-collection.

Uniswap Acquires Genie To Facilitate NFT Trading

Uniswap Acquires NFT Marketplace Aggregator Genie

Uniswap Labs, the primary developer of the Uniswap decentralized exchange system, has just completed the acquisition of NFT marketplace aggregator Genie. The agreement’s details have not been made public at this time. Still, it is anticipated that Genie will be integrated into Uniswap’s web app that facilitates buying and selling in “all major markets” for NFTs.

Uniswap Labs claims that the purchase is part of a larger strategy to include NFTs in their solutions. The developers claim that the Uniswap web app will facilitate buying and selling in “all major markets” for non-fungible tokens (NFTs). This capability is anticipated to be available sometime during the autumn.

genie nft platform

The acquisition of Genie will allow Uniswap to provide users with a place to buy and sell NFTs on their website. The developers claim this will create more demand for NFTs as consumers can use them as quickly as any other asset class on Uniswap’s platform.

Also Read: Burberry Announces A New NFT Collection – Burberry Blanko

Genie is a platform that allows users to explore NFTs from several marketplaces at once. The platform streamlines purchasing and selling non-fungible tokens (NFTs) across numerous markets and will enable users to explore NFTs from several marketplaces concurrently.

According to information provided on the Genie website, users who purchase NFTs might save up to forty percent of their gas expenses. The Uniswap Labs team claims that it has compiled a list of users who have engaged with Genie in the past and will be providing those users with a USD Coin airdrop as a token of appreciation. The team has not yet released the total number of gifts that will be handed out during this particular airdrop, but they have said it will commence in August.

Also Read: FTX Acquires Canada Based Bitvo Inc.

OpenSea, the market leader in the NFT space, has significantly decreased trades over the last month. The platform is still the best option for traders looking to buy and sell NFTs. Other platforms like LooksRare and Magic Eden have climbed to the top in recent years. Coinbase also introduced a marketplace for NFTs this year. However, the once-popular collections have sunk along with the value of crypto-assets.

The amount of trades conducted on OpenSea has dropped by more than 65 percent over the course of the last month, according to data provided by DappRadar. During the same period, LooksRare and Magic Eden exhibited a bleak picture by demonstrating a decline of nearly 82 percent and 58 percent, respectively. Other exchanges, such as Axie Infinity, Decentraland, and Rarible, have also seen losses of sixty percent, fifty-three percent, and fifty-four percent, respectively, over the course of the preceding thirty days.

Burberry Announces A New NFT Collection – Burberry Blanko

burberry blanko

Burberry and Mythical Games are teaming up again for a new NFT type of collaboration. The new NFT line will be called “Burberry Blanko,” It is the second year in a row that the companies have collaborated to introduce a new NFT type of collaboration.

The collaboration is part of Burberry’s mission to provide players with an experience they can’t get anywhere else in the virtual world. In addition, the partnership will allow Burberry to open up new areas for its community by developing a social site inside the game where players can congregate and share in an experience that is one of a kind in the virtual world.

The limited-edition Burberry Blanko NFT has the shape of a unicorn that has been given the name Minny B. It is adorned with Burberry’s brand-new TB Summer Monogram, and its design is inspired by the brand’s Animal Kingdom house code.

burberry blanko nft

Also Read: FTX Acquires Canada Based Bitvo Inc.

The new NFT collection Burberry Blanko encompasses Burberry-branded in-game accessories such as boomboxes, TB sliders, lucky horseshoe necklaces (available only on this platform), and ‘Shellphone’ mobile phone accessories, which have been given a seashell-inspired design (these will also be available only on this platform).

In addition to this new collection, Burberry has also released a new Minny B figure. The latest figure combines art and imagination to inspire a feeling of infinite possibilities. According to a press statement issued by Burberry, Minny B is outfitted with a characteristic spiraled horn as well as a pair of white wings. These features contribute to the character’s magical nature and enable Blanko to go to new locations.

Burberry has designed a one-of-a-kind social place inside the game: a cabana-style resort called “The Oasis.” Here players may congregate to engage with one another, explore and participate in a one-of-a-kind virtual experience. Players will find themselves traversing a variety of locations across five different continents, including Saint-Tropez, Korea, Singapore, and Ibiza.

Also Read: Bitcoin Price Tumbles Below $20K, Ether Price Hit Too

In addition to this immersive gaming experience, Burberry has also designed a one-of-a-kind social place inside the game: a cabana-style resort called “The Oasis.” Here players may congregate to engage with one another or explore in an immersive environment.

According to Burberry, “We couldn’t be happier to continue our long-standing relationship with Mythical Games as we work together to spread our name, core beliefs, and innovative ethos to communities all around the globe.”

Burberry is looking to continue to explore the metaverse with a new collection that will feature in-game content from Burberry. In a statement, Rachel Waller, vice president of channel innovation at Burberry, said: “We are eager to continue to explore in this arena.”

Burberry’s latest collection brings all-new in-game content from Burberry. It will be airdropped as an accessory for Sharky B players who own the original Sharky B. Mythical Games developed the collection.

Also Read: Safemoon Price Drop : Down By 95% In 24 Hours

“The metaverse gives the unlimited potential for us to stretch our creativity and engage with our consumers in greater ways,” she added.

When Will The Burberry Blanko NFT Will Launch?

On June 22, Burberry will release the NFT collection for purchase inside the game for all players of Blankos Block Party throughout the globe.

See What NFT 2.0 Has To Offer

nft 2.0

There’s no denying that NFTs have taken the world by storm. But it may seem that this technology is simply a fad and will soon be forgotten. That’s not entirely true; the concept of NFTs has already been upgraded to the NFT 2.0 version, which is what we’ll talk about today.

NFTs are evolving, and they will continue growing as time goes on. You can upgrade them just like any other technology, and the earlier version of NFT with ascendency has already done so.

What is NFT 2.0?

NFT 2.0 is a blockchain-based technology that can be used to create digital assets. The primary purpose of this technology is to make it possible for the users to trade digital assets without any physical exchange of tokens or coins.

NFT 2.0 solves all these problems by providing an immutable, verifiable and cryptographically secure proof of ownership over all digital assets that may exist in the future too!

With this new version, we can solve some of the problems that the 1.0 version had. In the next section, we have listed some benefits you can get from this new version of NFTs.

Also Read: Celsius Network Melts Down The Crypto Market

Features Of NFT 2.0

NFT 2.0 offers the same features as NFT 1.0 but with a few new bells and whistles.
The most important new feature is Interlinking, which lets you link one NFT to another (or even more than one) so that they can be viewed together or in conjunction with other data sets. You can use this feature to learn more about ownership or just to see how two different NFTs might interact with each other.

Upgradability lets you modify an NFT’s metadata over time, for example, if you want to change the artwork or tweak its look. The technology is also dynamic—for example, it can issue commands to other NFTs or allow them to send orders back to it.

In the earlier version of NFTs, it was only possible to have a single resource connected with a token. This meant that everyone got the same technology, regardless of how they saw it. The updated version allows every ticket to be associated with many designs.

Also Read: Cryptocurrency Credit Cards Are Becoming A New Trend

The original version of the protocol did not allow for nested NFTs. Creating a token that could have another token within itself was impossible. However, the updated version has generated a lot of nesting, which works by converting one technology that already has another into one with a combination of both. This new feature can be used in gaming, virtual exhibitions, art, and other areas.

The smart NFTs are the next step in the evolution of non-fungible tokens. This version helps to create a link between NFT and smart contracts, which means that when you change ownership of an asset, it can update the ownership data on the token. It can then be captured on its blockchain.

The co-owned NFTs allow more than one owner to contribute to updating an asset’s ownership details, whereas only you can own an asset with the earlier version.

Trustworthiness

Non-fungible tokens, or NFTs, are the most recent release in the cryptocurrency sector and are becoming a trendy way for businesses to create and distribute their unique tokens. This technology is based on blockchain technology and uses pixels to create multimedia displays.

While this technology may seem like it’s only been around for a short period, it has been around since the beginning of blockchain technology—since 2009. However, there have been significant advancements made in NFT 1.0 that have resulted in it being upgraded to Version 2.0. A few projects are based on this version of the NFT protocol.

Suppose you’re new to the industry or just starting cryptocurrency trading. In that case, you may find yourself in some difficult circumstances when trying to discover more about what makes up an NFT token.