NFTs have more utilities now in addition to coming out of support for artists. Plus, it is now complemented by blockchain technology to improve different industries across the world. The latest to ent...
Tag: Labs
Exorde Labs Release a Blockchain Tool to Tackle Fake News
[PRESS RELEASE – Please Read Disclaimer] By this point in time, the power of social media to inform us about local and global events is undeniable. However, the free flow of information has also made ...
Mysten Labs CEO Evan Cheng wants to do web3 venture capital better
Deals • February 27, 2023, 5:00AM EST Mysten Labs co-founder and CEO Evan Cheng confirmed on The Scoop podcast that he is exploring a web3 venture fund. “I’ve been working with a couple of...
Inside the Sui ecosystem with Mysten Labs CEO Evan Cheng
Episode 15 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Mysten Labs Co-Founder and CEO Evan Cheng. Listen below, and subscribe to The Scoop on Apple, ...
Ava Labs CEO and Founder Criticizes Former FTX CEO SBF
2 hours ago | 2 mins read Exchange News The firm declared bankruptcy since it did not have sufficient reserves of client funds. Sirer said he is kept up by the prospect of how far SBF pushed the indus...
Winning Key on Yuga Labs Dookey Dash Gets $1.1M Bid on OpenSea
A group of NFT enthusiasts are trying to buy the winning key from Yuga Labs’ endless runner game Dookey Dash and have placed an eye-watering $1.1 million bid on the asset. Yuga Labs is the $4 billion ...
Dapper Labs to Cut Down Staff by Another 20% amid Rebounding NFT Market
The CEO is linking the new job cuts to restructuring. Barely four months after laying off 22% of its staff, Dapper Labs is set to dismiss another 20% of its remaining staff. According to the letter se...
Dapper Labs CEO Confirms Another Round of Layoffs
Dapper Labs is laying off 20% of its full-time staff in a renewed bid to restructure the organization, according to a letter to staff sent Thursday by founder and CEO Roham Gharegozlou. “We are restru...
DWF Labs Invests $25M in Privacy Tech Startup Beldex
“We are excited about Beldex’s ecosystem, which offers scalable and secure decentralized applications prioritizing privacy,” DWF Labs managing partner Andrei Grachev said in the announcement post. “Th...
Dapper Labs Announces Second Wave of Layoff by Letting Go 20% Staff
3 hours ago | 2 mins read Bitcoin News Gharegozlou stated that the company was reorganizing to increase its focus. Dapper Labs had to lay off 22% of its workforce in November. In an effort to reorgani...
NBA Top Shot NFTs Are ‘Plausibly’ Securities, Judge Rules in Dapper Labs Lawsuit
Are NBA Top Shot NFT moments unregistered securities? That’s what a lawsuit filed against Top Shot creator Dapper Labs in 2021 alleges—and the judge apparently agrees. United States District Court Jud...
Dapper Labs Axes Another 20% of its Staff
On Feb. 23, Dapper Labs CEO Roham Gharegozlou sent a letter to the team announcing a “corporate restructure” and the layoffs. It is the second round of company layoffs following its downsizing of empl...
Dapper Labs Release Statement After FrielvDapper Labs Case Ruling
Dapper Labs responds to NBA Top Shot lawsuit ruling as the court rejected the motion to dismiss the complaint. They argue Moments are not securities but unique, NFT trading cards. Dapper Labs aims to ...
NBA-Branded ‘Top Shot Moments’ NFTs May Be Securities, Judge Rules in Dapper Labs Case
“Rather, it is the particular scheme by which Dapper Labs offers Moments that creates the sufficient legal relationship between investor and promoter to establish an investment contract, and thus a se...
US Judge Rejects Dapper Labs’ NBA Top Shot NFT Lawsuit Motion
A U.S. district court judge has rejected Dapper Lab’s motion to dismiss a lawsuit against it. The lawsuit concerns the NBA Top Shot NFTs and alleges that the latter is a security. The NBA Top Shot NFT...
Beldex Raises 25 M From Web3 Investor DWF Labs
Mahe, Seychelles (Feb 23, 2023) Beldex, a leading privacy-based crypto ecosystem has partnered with DWF Labs, a prominent digital asset market maker and multi-stage Web3 investment firm. DWF supports ...
MATIC Drops 6% as Polygon Labs Slashes Headcount by 20%
Polygon Labs, the group of companies behind the eponymously-named blockchain network, announced it would be cutting its headcount by 20%, per a blog post. The 100 employees that have been laid off wil...
IoV Labs releases RIF Flyover for secure and easy BTC transfer between Rootstock and Bitcoin
IoV Labs has released the Rootstock Infrastructure Framework (RIF) ” flyover” to streamline transfers between Bitcoin, the world’s most valuable blockchain by market cap, and Rootstock, a recent press...
Boba Network’s core contributor, Enya Labs, hires Curtis Schlaufman to lead their global marketing efforts
Enya Labs, a core contributor to the Boba Network, has added Curtis Schlaufman to its executive team. Boba Network is a multichain layer-2 platform operational in various networks, including Ethereum,...
NBA Top Shot NFTs Are ‘Plausibly’ Securities, Judge Rules in Dapper Labs Lawsuit
Ad United States District Court Judge Victor Marrero has ruled in a case against Dapper Labs that NFTs associated with NBA Top Shots are likely securities. On Feb. 22, Marrero denied Dapper’s request ...
Polygon Labs Reduces Workforce by 20% Amid Wave of Layoffs
11 hours ago | 2 mins read Blockchain News After hearing about the layoffs at Polygon, the price of MATIC fell by as much as 6%. Affected employees would be offered three months’ worth of severance. P...
WiFi Map To Partner With DWF Labs
WiFi Map, a leading internet connectivity tool with over 150 million users, is launching the $WIFI utility token on March 30, 2023 in partnership with digital asset market maker DWF Labs. WiFi Map is ...
Polyhedra Network raises $10m with support from Binance Labs, Polychain Capital
Polyhedra Network, a web3 infrastructure solutions provider leveraging zero-knowledge proof (ZKP) technology, announced that it has raised $10 million in a strategic funding round co-led by Binance La...
IoV Labs Launches RIF Flyover To Ease Bitcoin And Rootstock Transfers
With the recent release of RIF Flyover, it is now possible to move Bitcoin quickly and securely from the Rootstock sidechain to the main Bitcoin blockchain in only a few minutes as opposed to taking h...
Polygon Labs Becomes Latest Company to Slash Workforce With 100 Job Cuts
Polygon Labs announced that it will reduce its team by 20% while stating that the company maintains a robust treasury. Meanwhile, the job cut comes shortly after the firm outlined plans at the end of ...
Ex-Binance Labs Chairman Seeks $100 Million Venture Fund
Ex- Chairperson of Binance Labs, Bill Qian, is seeking a $100 million venture fund. Qian left Binance in June of last year for Dubai-based crypto firm Cipher Capital. The former chairman has been cont...
IoV Labs Launches RIF Flyover to Ease Transfers Between Bitcoin and Rootstock
South American blockchain technology company IoV Labs has launched its Rootstock Infrastructure Framework (RIF) Flyover designed to enable seamless bitcoin (BTC) transfers. According to a press releas...
Binance Labs and Polychain co-lead ZK startup Polyhedra Network’s $10 million raise
Deals • February 21, 2023, 9:00AM EST Web3 infrastructure startup Polyhedra Network raised $10 million in a round co-led by Binance Labs and Polychain Capital. The strategic round also saw parti...
Polygon MATIC price drops as Polygon Labs cuts workforce by 20%
Polygon price (MATIC/USD) has plunged by more than 5% after Polygon Labs, the firm behind the Polygon blockchain announced that it had reduced its workforce by 20%. Polygon earlier last year consolida...
Polygon Labs cuts staff by 20% in consolidation
Polygon Labs announced plans to reduce headcount by 20%, with about 100 staff affected. The firm noted it “consolidated multiple business units” under the Polygon Labs banner earlie...