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Aztec Network takes on encrypted blockchains with $100M round led by a16z

TechCrunch

Encrypted blockchains provide transparency for the protocol but privacy for the users, so people aren’t required to show their identities when transacting, Williamson said. Image Credits: Aztec (opens in a new window). Until recently, the technology for programmable encrypted blockchains didn’t exist, Williamson said.

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Polygon launches ‘uncapped’ fund to help Terra projects migrate to its blockchain

TechCrunch

As members of the Terra community try to pick up the pieces from its currently defunct economy, Polygon is beckoning to the dozens of developers who had projects built on the inoperative blockchain. Image Credits: Lens + Soul, LLC (opens in a new window). ” Ryan Wyatt, CEO of Polygon Studios. .

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Daily Crunch: New Starbucks Odyssey loyalty program ‘happens to be built on blockchain and web3’

TechCrunch

2001, a Starbucks Odyssey : In August, Starbucks got things percolating with plans for a blockchain-based loyalty program and NFT community. Image Credits: aolomartinezphotography (opens in a new window) / Getty Images. May your week have all the right kinds of surprises in it! — Christine and Haje. The TechCrunch Top 3.

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FTX’s failure could be a stress test for corporate credit card startups

TechCrunch

“In light of recent unprecedented events in the cryptocurrency, blockchain, NFT and DeFi ecosystem, we are conducting a review of all businesses operating in this space, including yours, to determine whether we reverse or modify any of the changes listed above,” one memo said.

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Cryptoys banks a16z funding to build NFTs for kids

TechCrunch

And yet, NFT startup Cryptoys is raising tens of millions of dollars with the goal of building a blockchain-based toy company that can expose younger users to the ideas of digital ownership and NFT mechanics. With that as background, it might not seem like the best time to launch an NFT platform, let alone one geared toward children.

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Meet the newest crypto builders from web3 accelerator Alliance DAO’s demo day

TechCrunch

About three-fourths of the teams are focusing on NFTs, infrastructure or decentralized finance (DeFi), while the majority of the teams are building on layer-1 blockchains Ethereum, Polygon and Solana. channels like Twitter or Discord onto blockchains. The beta app will be released on iOS and Windows in August 2022. Stage: Seed.

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Daily Crunch: In ‘an early experimental program,’ OpenAI opens waitlist for GPT Professional

TechCrunch

Benefits include no “unavailable” windows and an unlimited number of messages. The $1 billion vehicle is a blockchain-agnostic fund that will invest in web3 protocols and decentralized applications (dApps). Image Credits: Mary Ne (opens in a new window) / Getty Images. Blockchain! How much would you pay for it?