Blockchain Tech
ByAuthor J.D. SmithPosted on
13
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Draper Goren Holm adds Tezos startups to its $25M venture fund

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Blockchain venture studio Draper Gorem Holm has announced plans to incubate Tezos-based startups as part of its $25 million venture fund, highlighting its conviction in the smart contract platform.

The venture fund, called Fund 1, was launched in October 2020 as a way to incubate emerging blockchain companies. Fund 1 is set up as a traditional venture capital fund focusing on emerging fintech and blockchain startups.

The inclusion of Tezos-based projects into the fund is hardly surprising given the company’s growing support for the smart contract platform. Draper Goren Holm already backs Tezos Stable Technologies, the team behind the USDtez stablecoin. The company has also invested in Kalamint, a Tezos-based NFT marketplace.

Tim Draper, the company’s special limited partner, described Tezos as the “leading platform for smart contracts and low energy use” due to its reliance on proof-of-stake, or PoS, consensus.

Alon Goren, founding partner of Draper Goren Hold, said:

“We believe the differences in the Tezos blockchain, and how it is governed, are monumental to scaling blockchain verticals for the long-term.”

Tezos was one of the most promising smart contract platforms of late 2019 and early 2020 but has faded from the limelight amid the bull market. At $3.8 billion, XTZ is now ranked 32nd by market capitalization, according to CoinMarketCap.

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Blockchain Tech
ByAuthor J.D. SmithPosted on
13
0

Draper Goren Holm adds Tezos startups to its $25M venture fund

BY

Blockchain venture studio Draper Gorem Holm has announced plans to incubate Tezos-based startups as part of its $25 million venture fund, highlighting its conviction in the smart contract platform.

The venture fund, called Fund 1, was launched in October 2020 as a way to incubate emerging blockchain companies. Fund 1 is set up as a traditional venture capital fund focusing on emerging fintech and blockchain startups.

The inclusion of Tezos-based projects into the fund is hardly surprising given the company’s growing support for the smart contract platform. Draper Goren Holm already backs Tezos Stable Technologies, the team behind the USDtez stablecoin. The company has also invested in Kalamint, a Tezos-based NFT marketplace.

Tim Draper, the company’s special limited partner, described Tezos as the “leading platform for smart contracts and low energy use” due to its reliance on proof-of-stake, or PoS, consensus.

Alon Goren, founding partner of Draper…

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Blockchain Business Investment Tech
ByAuthor J.D. SmithPosted on
10
0

Is Theta worth the hype? Theta price volatile ahead of mainnet launch

BY

There’s no denying the fact that Theta is one of the most discussed cryptocurrency projects on the market in 2021, so much so that the Theta token has already made its way into the top 10 list of cryptocurrencies by overall market capitalization, in what feels like almost no time at all.

In its most basic sense, Theta can be thought of as a decentralized video streaming platform that has been built using a blockchain framework. The platform seeks to mitigate many of the problems being faced by the traditional video streaming sector, allowing for the relay of high-quality video content at relatively low costs.

On a more technical front, it bears mentioning that Theta’s video streaming mechanism largely hinges on a distributed network of users who voluntarily contribute their spare computing resources to make sure that the platform works smoothly. For their efforts, they are rewarded in the form…

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Bitcoin Blockchain Tech
ByAuthor J.D. SmithPosted on
34
0

Ethereum breaks out against Bitcoin: Is a strong bull rally in the works?

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Ether’s (ETH) price has broken out for the first time in 23 days in its Bitcoin (BTC) pair. It follows a high-profile announcement from Visa to use USDC, a stablecoin based on the Ethereum blockchain.

Although ETH/BTC saw a strong technical breakout, the uptrend has been fueled by firm fundamental catalysts, buoying the short-term bull case for ETH.

Traders think Ethereum will outperform Bitcoin in April

According to the pseudonymous trader known as “Rekt Capital,” Ethereum was close to breaking out of its triangle market structure multiple times since January 2021.

However, every time it attempted to break out of it, ETH saw a fairly large rejection from the resistance area. 

ETH/USD 1-day chart with key lines. Source: Rekt Capital, TradingView.com

For the first time in nearly a month, ETH is beginning to rally past its resistance level at the top of the triangle, marking its third attempt…

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Bitcoin Blockchain Business Investment Tech
ByAuthor J.D. SmithPosted on
16
0

Making DeFi idiot-proof with Kava’s gamer CEO, Brian Kerr

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According to Kava Labs CEO Brian Kerr, the major reason that decentralized finance, or DeFi, has not yet hit the mainstream is that “93% of holders are never gonna touch their own keys.”

Kava is a non-Ethereum-based DeFi platform that enables users to earn interest on the cryptocurrencies they hold. The investors Kerr hopes to reach are those who used an on-ramp like Coinbase or Binance to buy cryptocurrencies that are now sitting on the exchange. They are “worried about ‘fat-fingering’ and losing their funds in a transfer, or something like that,” he says. Being used to keeping their money in a bank account, these investors prefer to keep their cryptocurrencies on a crypto platform rather than in a hardware wallet.

Kava’s platform connects lenders with borrowers directly, but the real challenge is “not just creating the protocol on the platform but making integrations on it directly accessible in the venues…

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Blockchain Tech
ByAuthor J.D. SmithPosted on
14
0

Cinedigm integrates Theta blockchain tech into anime streaming channel

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Cinedigm, a major American content distribution company, is applying blockchain technology to one of its streaming channels.

The company has partnered with decentralized video delivery network Theta Labs to integrate Theta’s peer-to-peer streaming technology and cryptocurrency rewards into its CONtv Anime channel airing a wide range of anime series and movies.

CONtv Anime will feature micropayments in Theta Fuel (TFUEL), one of the two native tokens on the Theta blockchain. The token will be used as a reward for sharing video content by utilizing excess bandwidth and computing resources as well as watching the channel’s content. According to the announcement, fans will be able to earn up to $15 in tokens per month simply by watching content on their browser.

By incorporating Theta’s blockchain-based streaming technology, Cinedigm intends to boost user engagement and monetization while reducing costs. Theta Labs said that its streaming technology can lower video delivery costs by at least…

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Bitcoin Latest Tech
ByAuthor J.D. SmithPosted on
31
0

To the ‘literal moon’? Elon Musk SpaceX tweet gives Dogecoin a 35% lift-off

BY

It may be an April Fool’s prank, but when it comes to meme-based cryptocurrency Dogecoin (DOGE), it hardly matters.

DOGE/USD 1-hour candle chart (Bittrex). Source: Tradingview

Musk: SpaceX taking Dogecoin to “literal moon”

After a fresh tweet from Tesla CEO Elon Musk, DOGE/USD shot up 35% in minutes on April 1, hitting six-week highs.

Musk, newly dubbed the “Technoking” of Tesla, is known for his tongue-in-cheek Dogecoin publicity, and his antics on Twitter and in interviews have already succeeded in boosting the altcoin’s price.

This time was arguably the most overt example of “memeing” a cryptocurrency to the moon, however, as Musk promised that his other company, SpaceX, would “put a literal Dogecoin on the literal moon.”

Immediately, Dogecoin began rising, reaching a peak of $0.07…

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