FinTech news in EC Blockchain category

Decentralized finance (DeFi) is often associated with trusting blockchain technology to execute services through smart contracts, while centralized finance (CeFi) usually refers to more traditional business models and involves having people manage funds and manually execute services. As the crypto market digests the past few days of chaos, venture capitalists see the moment as a warning, but also an opportunity for the growth of decentralization and maturation of the larger blockchain space. When there are massive crashes and burns, it speaks to what we’ve been seeing over the past decade: It the Wild West out there, Samantha Lewis, principal at Mercury, said to journalist.

Some games, like Delysium and Ember Sword, were initially developed for the layer-2 blockchain Polygon but switched to Immutable X, the company’s NFT platform and layer-2 scaling solution for the Ethereum blockchain. Today, Immutable X launched GameStop’s NFT marketplace out of beta, which will provide GameStop players and customers across the U.S. access to NFTs tied to games on its layer-2 chain. Earlier this year, Immutable, a web3 gaming firm with its own layer-2 chain, Immutable X, launched a whopping $500 million fund to boost gaming on its platform. This announcement follows GameStop and Immutable X’s partnership and $100 million joint grant fund from February.

At the Permissionless conference in West Palm Beach this week, conversations around crypto M&A were heating up as market players discussed this trend growing at the protocol level for DeFi.

The crypto market is showing no signs of slowing down as funds and investors alike continue to deploy massive amounts of capital into the ecosystem. Today’s evidence of the trend: Dragonfly Capital, a crypto-centered investment firm, closed its third venture fund for $650 million, the firm’s managing partner, Haseeb Qureshi, told TechCrunch. The fund was \[…\]

Here’s how to conduct the ultimate litmus test on an NFT project through its creators: Check if both the founder and tech are open The first NFT was created in 2014 and was sold only last year.

Keep an eye on enterprising companies pushing into these areas – specifically collectibles – as a way to broaden the reach of crypto and blockchain in 2022.