Hammerspace, a company specialising in managing unstructured data for tech giants like Nvidia, Meta, and Tesla, has raised $100 million in a recent funding round, pushing its valuation to $500 million. This investment highlights the increasing importance of efficient data management solutions in an era where companies grapple with ever-expanding ...
Sony’s Soneium Layer 2 blockchain has achieved a major breakthrough in transaction speed, reducing its finality time by over 98%. This leap follows a new partnership between Astar, AltLayer, and EigenLayer, who have launched a “Fast Finality Layer” for Soneium. Finality is a key concept in blockchain, marking the point ...
The Central Bank of the United Arab Emirates (CBUAE) has officially approved the use of Web3 insurance solutions, signalling a major milestone for blockchain adoption in the region. This move positions the UAE as a leader in integrating decentralised technologies within its financial sector. On Tuesday, April 16, the CBUAE ...
MoonPay, a leading provider of cryptocurrency payment infrastructure, has unveiled MoonPay Labs, an accelerator program aimed at supporting early-stage Web3 startups. The initiative will provide pre-seed and seed-stage technical teams with capital, product support, and growth strategies. MoonPay Labs will operate on an evergreen model, selecting up to five startups ...
Ominimo, a Polish insurtech startup, has received its first external investment from Zurich Insurance Group, valuing the company at $220 million. This investment marks a significant milestone for the company, which has been self-funded for a year. It highlights the company's innovative risk assessment approach and growth potential in the ...
WeBank Technology Services has unveiled a new blockchain-based infrastructure to enhance Hong Kong's Web3 ecosystem, announced at the Hong Kong Web3 Festival 2025. This "value exchange infrastructure," introduced by Henry Ma, aims to facilitate secure and compliant value exchanges between institutions, aligning with Hong Kong's goal of becoming a global ...
Financial Secretary Paul Chan reaffirmed Hong Kong’s ambition to become a global hub for blockchain and digital assets during the Hong Kong Web3 Festival. He underscored the need for a balanced regulatory approach to bridge traditional finance with the emerging digital economy. Speaking to a packed audience of industry leaders, ...
The first quarter of 2025 proved challenging for the Web3 space, with DeFi experiencing a sharp decline while AI and social dApps gained traction. According to DappRadar's Q1 2025 report, the total value locked in DeFi dropped by 27%, reaching $156 billion. This decline can be attributed to several prominent ...
Soneium has partnered with LINE to integrate four successful mini-apps on-chain in the coming months, marking a major step toward expanding web3 adoption. The collaboration aims to provide smoother, more scalable, and accessible blockchain interactions. In addition, the partnership will offer comprehensive support to LINE MINI App builders, including community ...
NFT trading has sharply declined since December 2024, while AI-powered dApps have emerged as the fastest-growing sector in Web3. According to DappRadar’s Industry Report, NFT trading volume has declined by 63% over the past two months, dropping from $1.36 billion in December to $997 million in January and further down ...
