Welcome to Ztoog Crypto, previously generally known as Chain Reaction.
This is the final version of this text. I wish to personally thank every of you for studying this and if you want to remain in contact, you possibly can 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 discovered responsible on seven counts associated to cash laundering and fraud in November, was sentenced, Borderless Capital acquired CFT Capital, Worldcoin faces another ban in Europe and extra.
Details beneath.
This week in web3
- Sam Bankman-Fried will get 25 years in jail for fraud and money-laundering at FTX
- Web3 funding agency Borderless Capital acquires CTF Capital to carry AI and quant experience
- Worldcoin hit with another ban order in Europe citing dangers to children
- A brand new web3 community is being constructed proper now that desires to finish Big Tech’s management of your information
- 0G Labs launches with whopping $35M pre-seed to construct 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 information. The whole crypto market cap elevated 6.4% throughout the identical time-frame to $2.67 trillion.
The newest pod
Chain Reaction is doing a month-to-month collection 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 Space and Time.
Before diving into web3, Scott spent virtually eight years on the cloud analytics and information platform Teradata the place he held roles of senior architect, director of cloud options and labored his approach as much as VP of the agency’s international cloud.
As for Space and Time, the corporate goals to be a verifiable compute layer for web3 that scales zero-knowledge proofs, or ZK proofs, on a decentralized information warehouse. Zero-knowledge proofs are a cryptographic motion used to show one thing a few piece of information, with out revealing the origin information itself.
Space and Time has listed information 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 Reaction’s month-to-month collection diving into totally different matters and themes in crypto. This month’s centered on blockchain and AI integrations.
Scott and I talk about Space and Time’s origin story, how information warehouses work in Web 2.0 versus web3 and the significance of information transparency.
We additionally dive into:
- Blockchain and AI potential
- Its OpenAI and blockchain information developments
- Future use instances for information and on-chain AI
- Advice all through the bull and bear markets
Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favourite pod platform, and please depart us a overview when you like what you hear!
Follow the cash
- web3 gaming-focused startup Illuvium raised $12 million in a Series A spherical to develop its choices
- Avalanche-based Gunzilla raised $30 million to assist launch its new recreation, Off The Grid
- OrdinalsBot raised over $3 million to construct out its Bitcoin blockchain-focused information layer
- Reya Network 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 Ztoog’s personal reporting.
What else we’re writing
Want to department out from the world of web3? Here are some articles on Ztoog that caught our consideration this week.
- Liquid Death is only one of many VC-backed beverage startups able to disrupt Coke and Pepsi
- New examine of unicorn founders finds most are ‘underdogs,’ and feminine founders are rising
- Facebook snooped on customers’ Snapchat site visitors in secret mission, paperwork reveal
- Nvidia could possibly be primed to be the subsequent AWS
- New Summit is elevating a brand new $100 million fund to back local weather tech and underrepresented fund managers