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Saudi Arabia has invested in Web3, crypto, and blockchain-related firms
Saudi Arabia has disclosed investments in nearly 40 US venture capital firms, including some deep in crypto, blockchain, and Web3-related investments. Sanabil, the venture arm of the Saudi sovereign wealth vehicle Public Investment Fund, commits around $2 billion annually into multiple funding rounds to develop businesses with novel business models, according to its website. The…
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South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several services including region-specific projects. South Korea Continues Investing…
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Central African Republic looks to adopt crypto
Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region. According to Faustin-Archange Touadéra, the president of CAR, cryptocurrencies can potentially help eradicate the country’s financial barriers. He believed in creating a business-friendly environment supported…
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Saudi Arabia and the WEF launch innovation accelerator
Saudi Arabia and the World Economic Forum (WEF) signed on Tuesday a Letter of Intent (LoI) to establish a new accelerator program to help ignite innovation in Saudi Arabia. A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting. Foreign Minister Prince…
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Crypto is a great tool to teach teenagers and kids financial literacy
We have seen an increase in interest in the Web3, cryptocurrencies, and NFTs over the past year. Teachers have reportedly seen how their own students have become more keen on learning about investing as well largely thanks to apps like Robinhood that make trading easier. As great as it is that teenagers are becoming interested…
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Land purchasing on the metaverse is a growing trend
But we are years away from the metaverse emerging as a single immersive space online where people can live, work and play in virtual reality. So is the land grab one big gamble? Voxels is one of dozens of virtual worlds that describe themselves as metaverses. It is confusing, because people often talk about “the metaverse” as…
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NFT marketplace is entering social media platforms
Social media platforms like Reddit and Instagram are looking to integrate NFTs. YouTube and Twitter have also suggested integrating the space to allow users to sell their NFTs on their own sites. Reddit has already been successful with this venture as there is already great interest in Web3, crypto, VR within the site. Reddit over…
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The Ethereum merge has bettered mining
When the Ethereum merge took place, it shook up the cryptocurrency industry, in particular mining. Environmentalists have long since critiqued the negative impact mining has had on the environment. Ethereum had been working on a solution and their long-awaited network update has aided in making mining much more sustainable. This implementation completely changes how the…
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Bitcoin and Beyond: The Future of Cryptocurrency Investing
The landscape for institutional crypto investors has been definitely shifting recently, says Ajit Tripathi, former investment banker at Barclays and Goldman Sachs and until recently head of institutional business at decentralized finance (DeFi) project Aave. “I’ve been talking to some sovereign fund [managers] last week, and they [have] started making token investments,” Tripathi told CoinDesk…
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Should I invest in Altcoins?
Firstly, let’s discuss the term ‘altcoins’. Altcoin or alternative coin is a term designated for any coin other than Bitcoin. The first altcoins launched in 2011, and, by now, there are thousands of them. Early altcoins aimed at improving aspects of Bitcoin such as transaction speeds or energy efficiency. More recent altcoins serve a variety…
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