Crypto Biz: The Web3 arms race is upon us, April 14–20, 2022

2022.04.22 22:51

Crypto Biz: The Web3 arms race is upon us, April 14–20, 2022

“Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility.

This week’s Crypto Biz newsletter features several major funding rounds dedicated to building the Web3 economy. After reading through the stories, you can decide whether we’re actually getting closer to defining Web3. Oh, and remember all the buzz surrounding Special Purpose Acquisition Companies, or SPACs? A crypto-focused SPAC just closed an initial public offering on the Nasdaq, raising $115 million in the process.

Framework Ventures allocates half of $400M fund to Web3 gaming

KuCoin-backed companies launch $100M Web3 developer fund

Crypto exchange CoinDCX raises $135M funding to support Indian Web3

Crypto-focused SPAC raises $115M in Nasdaq IPO

Don’t miss our portfolio reveals!

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