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NFT market OpenSea hits $1.5 billion valuation

TechCrunch

It’s been a wild 2021 for NFT auction marketplace OpenSea. Despite a fall from stratospheric heights in the early summer, the broader NFT market has still been chugging along, and OpenSea is continuing to see plenty of action. The NFT market is just getting started, but where is it headed? billion valuation.

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Memes, money and madness: 2021 in tech

TechCrunch

Sure, by the end of the year we had moved on to other pieces of key news, but don’t forget how wild the start of 2021 was from a trading perspective. Capital raced into NFT marketplaces, crypto infra projects, new blockchains, and more. Yes, we riffed on the rise and fall of Clubhouse , and the larger live-audio market.

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Polychain puts its money on HotStreak to streamline sports betting using blockchain

TechCrunch

HotStreak , a web3 platform for daily fantasy sports (DFS) contests, is wagering that the decentralized nature of the blockchain makes it an ideal solution for DFS platforms. The sports betting market in the US has grown rapidly as states begin loosening regulations around the industry. It doubled in size in 2021 with over $52.7

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Announcing the Startup Battlefield companies pitching at TechCrunch Disrupt 2021

TechCrunch

Selected from the most competitive batch in TC history, selected founders from across the globe will pitch on the virtual stage at TechCrunch Disrupt 2021. To watch the pitches, join us at TechCrunch Disrupt 2021 here. With just over a 1.5% acceptance rate, the startups in this year’s cohort are phenomenal. Session 1: 10:45 a.m.

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. million in 2016.

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M&A is coming for DeFi protocols as market conditions change

TechCrunch

At the Permissionless conference in sunny West Palm Beach, conversations around mergers and acquisitions in crypto were heating up as market players were starting to discuss this trend growing at the protocol level for decentralized finance (DeFi). DeFi protocols consolidating as market conditions worsen. million to $179.7 ”

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3 views: What does ‘Line Go Up’ tell us about the state of the NFT art market?

TechCrunch

The NFT art market is incredibly hot. Collectors spent $22 billion on NFTs in 2021, up from $100 million the year before. Late last month, Canadian videographer Dan Olson released a two-hour video about his strongly held views on web3 and blockchain technology titled “Line Goes Up — The Problem With NFTs.”