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Welcome to TechCrunch Crypto, previously generally known as Chain Response.
That is the final version of this text. I need to personally thank every of you for studying this and if you need to remain in contact, you may observe me on X here for future updates.
With that mentioned, the present goes on. This week, Sam Bankman-Fried, the previous FTX CEO who was found guilty on seven counts related to money laundering and fraud in November, was sentenced, Borderless Capital acquired CFT Capital, Worldcoin faces one other ban in Europe and extra.
Particulars beneath.
This week in web3
- Sam Bankman-Fried gets 25 years in prison for fraud and money-laundering at FTX
- Web3 investment firm Borderless Capital acquires CTF Capital to bring AI and quant expertise
- Worldcoin hit with another ban order in Europe citing risks to kids
- A new web3 network is being built right now that wants to end Big Tech’s control of your data
- 0G Labs launches with whopping $35M pre-seed to build a modular AI blockchain
Crunching numbers
This week the crypto market costs had been a bit extra chipper, with the highest cryptocurrencies being inexperienced on the week.
Bitcoin was up 7.4% on the week, round $71,300 on the time of publication. The second-largest crypto, ether, elevated 2.6% on the week to $3,550, in response to CoinMarketCap data. The total crypto market cap elevated 6.4% throughout the identical time-frame to $2.67 trillion.
The most recent pod
Chain Response is doing a month-to-month sequence diving into totally different matters and themes in crypto. This month we’re specializing in blockchain and AI integrations.
For this week’s episode, I interviewed Scott Dykstra, CTO and co-founder of Area and Time.
Earlier than diving into web3, Scott spent nearly eight years on the cloud analytics and knowledge platform Teradata the place he held roles of senior architect, director of cloud options and labored his means as much as VP of the agency’s international cloud.
As for Area and Time, the corporate goals to be a verifiable compute layer for web3 that scales zero-knowledge proofs, or ZK proofs, on a decentralized knowledge warehouse. Zero-knowledge proofs are a cryptographic motion used to show one thing a few piece of knowledge, with out revealing the origin knowledge itself.
Area and Time has listed knowledge each off-chain and on-chain from Ethereum, Bitcoin, Polygon, Sui, Avalanche, Sei and Aptos and is including help for extra chains to energy the way forward for AI x blockchain.
This episode is wrapping up Chain Response’s month-to-month sequence diving into totally different matters and themes in crypto. This month’s targeted on blockchain and AI integrations.
Scott and I focus on Area and Time’s origin story, how knowledge warehouses work in Internet 2.0 versus web3 and the significance of knowledge transparency.
We additionally dive into:
- Blockchain and AI potential
- Its OpenAI and blockchain knowledge developments
- Future use instances for knowledge and on-chain AI
- Recommendation all through the bull and bear markets
Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform, and please depart us a evaluate should you like what you hear!
Observe the cash
- web3 gaming-focused startup Illuvium raised $12 million in a Collection A spherical to broaden its choices
- Avalanche-based Gunzilla raised $30 million to assist launch its new sport, Off The Grid
- OrdinalsBot raised over $3 million to construct out its Bitcoin blockchain-focused knowledge layer
- Reya Community raised $10 million for its trading-centric modular layer-2 blockchain
- Crypto-powered on-line on line casino MyPrize raised $13 million
This checklist was compiled with data from Messari in addition to TechCrunch’s personal reporting.
What else we’re writing
Wish to department out from the world of web3? Listed below are some articles on TechCrunch that caught our consideration this week.
- Liquid Death is just one of many VC-backed beverage startups ready to disrupt Coke and Pepsi
- New study of unicorn founders finds most are ‘underdogs,’ and female founders are rising
- Facebook snooped on users’ Snapchat traffic in secret project, documents reveal
- Nvidia could be primed to be the next AWS
- New Summit is raising a new $100 million fund to back climate tech and underrepresented fund managers
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