FinTech news in dapps category

The tool will be compatible with Alchemy-supported blockchains like Ethereum, Polygon, Arbitrum, Optimism and more, Rivabella noted. It also plans to include other protocols and software development kits in the future, he added.

A major motivation behind launching Symbolic for Nailwal was the opportunity to more formally support companies that are already in his orbit, he said, adding that he doesn’t feel he will have to spend much extra time managing the fund because it will help him realize synergies from relationships he’s already building, in part through Polygon’s own venture fund. Symbolic plans to primarily back companies building consumer-facing decentralized apps (dApps), Nailwal said, a move that seems aligned with Polygon’s own goal to speed up web3 app development. Now, the protocol co-founder Sandeep Nailwal is launching another project, he told journalist exclusively — this time, in the form of Symbolic Capital, a venture capital fund built by and for web3 founders. One key differentiator for Symbolic will be its internal data platform the firm has built to support its portfolio companies as well as to bolster its own diligence process, Nailwal said.

Besides the founders, Cheri Beth Bowen, Ronald R. Deering, Samuel D. Ellis, Mark F. Hamlin, Carlos L. Martinez, Alisha R. Shepperd and Sarah L. Theissen were all also charged with violating federal securities laws in connection with Forsage, according to the SEC complaint.

Its open source network allows custom smart contracts to be built on Bitcoin, enabling developers to use the Bitcoin blockchain to create dApps. Laughlin explained that without the Taproot upgrade implemented on the Bitcoin network late last year, which makes it easier and faster to verify transactions, the growth of Bitcoin as an ecosystem would have been much more limited. Bitcoin supporters, including Thiel, ARK Invest’s Cathie Wood and MicroStrategy’s Michael Saylor, all spoke at Bitcoin 2022 about its ability to act as a store of value when central banks relax their policies and let inflation run hot, as has been the case in the United States throughout the majority of the COVID-19 pandemic. It is building infrastructure for the Bitcoin Lightning Network akin to Visa’s payments network, Lightning Labs CEO and co-founder Elizabeth Stark told journalist.

Web3 security companies and projects like Certik, Forta, Slithe, and Securify are the equivalents of the code-scanning and application security testing tools that were originally developed for Web 1.0 and Web 2.0 applications.