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Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the…

Crypto’s biggest powerhouse flexes on its competition

Welcome back to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for…

A video game industry veteran on making the art behind popular NFTs

There’s no denying it — when it comes to e-commerce, Marc Lore delivers. The serial entrepreneur sold Quidsi, the parent company of Diapers.com, Soap.com and others, to Amazon in 2011…

Marc Lore chews the fat about reinventing at-home dining at Disrupt

Draftea, which calls itself the first daily fantasy sports company in Spanish-speaking Latin America, is taking fantasy football (not fútbol) to the region in a new partnership with the National…

Draftea kicks off LatAm fantasy football with NFL partnership, fresh funding

Incredible Health, a U.S.-based job-matching platform which made nurses its first focus, has closed an $80 million Series B funding round and announced hitting a $1.65 billion unicorn valuation, billing…

Incredible Health passes unicorn valuation as it bags $80M Series B

For founders looking to foray into the world of decentralization, it’s all too easy to become distracted from core business objectives by shiny new buzzwords.

An actionable framework for founders bridging into web3

Pokémon GO developer Niantic is running into trouble as it builds “the real-world metaverse.” Like so many other tech companies facing turbulent economic times, the company decided to let go…

The company behind Pokémon GO, Niantic lays off 8% of staff and cancels 4 projects

The past several months haven’t been entirely kind to the NFT market — while transaction volume hasn’t stuttered too significantly, the dollar amount invested in the space has been in…

Cryptoys banks a16z funding to build NFTs for kids

As NFTs have gained popularity, so, too, has NFT fraud. Copycats can quite easily upload images to an NFT marketplace, mint them and sell them to customers for profit without…

Four-month-old Doppel is helping some of the biggest NFT projects spot scams

Gopuff, the instant delivery giant valued at $15 billion, made a name for itself courting consumers wanting groceries and other essentials with an app that lets them order and get…

Gopuff, the instant delivery upstart, taps ex-Disney head Bob Iger as its newest investor and advisor

A much-anticipated market downturn may finally be here, and investors have been preparing for it by diversifying their portfolios away from the traditional stock and bond holdings, and into alternative…

Luxus wants the crown jewel of your portfolio to be an actual diamond

While (former) startups like Lemonade came along to attack the tired world of insurance, the travel insurance market is now coming in for the same treatment from the likes of…

Faye hopes to do for travel insurance what Lemonade did for general insurance

The web3 world is continuing to discover that it’s a lot harder to build a developer ecosystem than it is to build a platform. The Flow blockchain launched by NBA…

a16z, Coatue, USV invest in $725M developer fund for Dapper’s Flow blockchain

Only in the current market can one wonder how a celebrity avatar startup that sells NFT accessories took so long to hit a unicorn valuation. Genies, an LA-based digital avatar…

Avatar startup Genies hits $1 billion valuation in latest raise

As an earlier report had suggested, Spotify today announced it will integrate the live audio capabilities from its companion app, Spotify Greenroom, within the main Spotify streaming app. Greenroom will…

Spotify brings live audio shows to its main app, rebrands companion app Greenroom as ‘Spotify Live’

Lucky’s plug-and-play API gives e-commerce brands visibility of its products on retailer store shelves to offer local fulfillment options.

Lucky is bringing brands, retailers together with its take on product merchandising

Apple’s approach to NFT apps is still something of a gray area. The company permitted NFT marketplace OpenSea to launch an app, but only for browsing NFTs — not for…

‘NFT’ app Sticky kicked out of Apple’s App Store after operating for months

In light of all the recent complex streaming sports licensing deals, it becomes more evident each day that streaming platforms are beginning to realize the cash grab of having live sporting…

Streaming deals ramp up for sports as MLB Opening Day and Masters Tournament begin

The Russian App Store has lost 6,982 mobile apps since the start of the Ukraine invasion, as numerous companies have now pulled their apps and games from Apple’s iPhone and…

Russia’s App Store lost nearly 7K apps since its invasion of Ukraine, but some Big Tech apps remain

TikTok has already achieved massive influence in today’s music industry, sending songs that find popularity on the app to the top of the Billboard charts. Now the company is launching…

TikTok launches a music distribution platform, SoundOn

It’s now 2022 and there are many, many apps out there that allow you to do cardio or build muscle by taking classes inside smartphone apps. We are all familiar…

Masters, an app for training with celeb athletes, closes a $2.7M seed funding round

As they near the end of a blockbuster year for NFTs that saw more than $10 billion in transaction volume, today’s NFT project developers are finding themselves facing a dilemma…

Crypto gaming giant Dapper Labs takes its next shot with Genies NFT platform ‘The Warehouse’

A fantasy sports exchange founded by Irish betting veteran Paddy Power is bringing NFT-enabled live trading to rugby fans in a bid to expand globally. American Sports Exchange (ASX Sports),…

Irish virtual sports giant’s new startup bets big on rugby in bid for US market share

A16z Crypto has been minting plenty of NFT unicorns this year. In July, they backed NFT marketplace OpenSea at a $1.5 billion valuation. They participated in a September raise for…

Studio behind ‘early access’ crypto game Blankos Block Party banks monster $1.25B valuation from a16z
Startups

Bring on the low-cost NFTs

The market is speaking with activity numbers that lower-priced, more-useful NFTs connected to an interactive world can generate not only lots of economic value, but also lots of fans.

Bring on the low-cost NFTs
Crypto

A nine-figure fund for JPGs?

The NFT craze of the past year has triggered an avalanche of crypto capital flowing into art, trading card games, luxury avatars and digital objects, but so far, institutional investment…

A nine-figure fund for JPGs?

While investors continue to question whether crypto will swallow up more traditional VC opportunities down the road, it certainly appears that today the blockchain space is eating up the attention…

Variant debuts a new $110M fund for crypto startups, announces Li Jin has joined as a general partner
Crypto

Does the NFT craze actually matter?

Hello friends, and welcome back to Week in Review! Last week, we talked about Apple’s subscription addiction. This week, I’m diving deep into whether there’s actually any meaning to pull…

Does the NFT craze actually matter?

Dapper Labs, the NFT startup behind NBA Top Shot, which was recently valued above $7.5 billion, made an interesting acquisition this morning, telling Decrypt that they have purchased virtual influencer…

NFT startup Dapper Labs acquires virtual influencer startup Brud

We caught up with the Dapper Labs CEO at TechCrunch Disrupt 2021 last week to discuss the challenges facing the crypto space, the future of Ethereum, and how quickly NFTs…

NBA Top Shot creator on the NFT craze and why Ethereum still isn’t consumer friendly