1 March

|

4:23 PM UTC
1 March

|

4:23 PM

Crypto News – November 1

  1. Web3 fund led by ex-Binance Labs executive lands $20 million

Lingfeng Innovation Fund (LIF), a new venture capital fund led by former Binance Labs executive Nicole Zhang, landed $20 million to invest in crypto startups.

The LIF is a Web3-dedicated fund and also a sister fund to Beijing-based Lingfeng Capital – the fintech investment firm with more than $400 million in assets under management.

According to Zhang, the key focus of LIF is “enabling Web2 elites with Web3 expertise”.  

  1. NFT project Art Gobblers rakes in $13 million two hours after launch

NFT project Art Gobblers, co-founded by Justin Roiland of Rick and Morty, rakes in $13 million two hours after launch.

According to the NFT data tracker Blur, Art Gobblers brought in a volume of 7,480 ETH, with 925 unique owners and a floor price of 11.25 ETH. That’s more than $13.4 million at the time of writing. 

Art Gobblers attempts to make a self-sustaining art creation ecosystem through financial incentivizing. Artists can use the drawing tool on the Art Gobblers web page to create their artworks, which can then be minted as ERC-721 tokens and displayed on Art Gobblers.

  1. GameStop NFT Marketplace goes live on ImmutableX

American video game retail giant GameStop has officially launched its NFT marketplace in partnership with Immutable X.

After 4 months of testing, GameStop’s NFT Marketplace has been officially launched on October 31. With the official release, GameStop’s market will allow users to access popular Web3 games on ImmutableX such as the Illuvium, Guild of Guardians, Gods Unchained, etc.

Jonathan Reedy, Vice President of Strategic Partnerships of ImmutableX, told CoinDesk that both companies aimed to reach new Web3 players by providing educational materials, live games, and virtual games.

Related news

Crypto News – January 5

Regulators Seize Millions in FTX Robinhood Shares In a Delaware bankruptcy court hearing, the US Justice Department announced that it had taken custody of $450

Crypto News – January 3

Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ in $900M Funds Stalling Dispute The co-founder of cryptocurrency exchange Gemini has accused Digital Currency Group CEO

Scroll to Top