Welcome to TechCrunch Crypto, previously often called Chain Reaction.

This is the final version of this article. I wish to personally thank every of you for studying this and if you want to remain in contact, you may observe me on X here for future updates.

With that mentioned, the present goes on. This week, Sam Bankman-Fried, the previous FTX CEO who was discovered responsible on seven counts associated to cash laundering and fraud in November, was sentenced, Borderless Capital acquired CFT Capital, Worldcoin faces one other ban in Europe and extra.

Details under.

This week in web3

  1. Sam Bankman-Fried will get 25 years in jail for fraud and money-laundering at FTX
  2. Web3 funding agency Borderless Capital acquires CTF Capital to convey AI and quant experience
  3. Worldcoin hit with one other ban order in Europe citing dangers to youngsters
  4. A brand new web3 community is being constructed proper now that desires to finish Big Tech’s management of your knowledge
  5. 0G Labs launches with whopping $35M pre-seed to construct a modular AI blockchain

Crunching numbers

This week the crypto market costs had been a bit extra chipper, with the highest cryptocurrencies being inexperienced on the week.

Bitcoin was up 7.4% on the week, round $71,300 on the time of publication. The second-largest crypto, ether, elevated 2.6% on the week to $3,550, in line with CoinMarketCap knowledge. The whole crypto market cap elevated 6.4% throughout the identical time-frame to $2.67 trillion.

The newest pod

Chain Reaction is doing a month-to-month collection diving into totally different matters and themes in crypto. This month we’re specializing in blockchain and AI integrations.

For this week’s episode, I interviewed Scott Dykstra, CTO and co-founder of Space and Time.

Before diving into web3, Scott spent virtually eight years on the cloud analytics and knowledge platform Teradata the place he held roles of senior architect, director of cloud options and labored his approach as much as VP of the agency’s international cloud.

As for Space and Time, the corporate goals to be a verifiable compute layer for web3 that scales zero-knowledge proofs, or ZK proofs, on a decentralized knowledge warehouse. Zero-knowledge proofs are a cryptographic motion used to show one thing a couple of piece of knowledge, with out revealing the origin knowledge itself.

Space and Time has listed knowledge each off-chain and on-chain from Ethereum, Bitcoin, Polygon, Sui, Avalanche, Sei and Aptos and is including help for extra chains to energy the way forward for AI x blockchain.

This episode is wrapping up Chain Reaction’s month-to-month collection diving into totally different matters and themes in crypto. This month’s centered on blockchain and AI integrations.

Scott and I focus on Space and Time’s origin story, how knowledge warehouses work in Web 2.0 versus web3 and the significance of knowledge transparency.

We additionally dive into:

  • Blockchain and AI potential
  • Its OpenAI and blockchain knowledge developments
  • Future use instances for knowledge and on-chain AI
  • Advice all through the bull and bear markets

Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favourite pod platform, and please depart us a evaluate for those who like what you hear!

Follow the cash

  1. web3 gaming-focused startup Illuvium raised $12 million in a Series A spherical to increase its choices
  2. Avalanche-based Gunzilla raised $30 million to assist launch its new recreation, Off The Grid
  3. OrdinalsBot raised over $3 million to construct out its Bitcoin blockchain-focused knowledge layer
  4. Reya Network raised $10 million for its trading-centric modular layer-2 blockchain
  5. Crypto-powered on-line on line casino MyPrize raised $13 million

This record was compiled with info from Messari in addition to TechCrunch’s personal reporting.

What else we’re writing

Want to department out from the world of web3? Here are some articles on TechCrunch that caught our consideration this week.

  1. Liquid Death is only one of many VC-backed beverage startups able to disrupt Coke and Pepsi
  2. New research of unicorn founders finds most are ‘underdogs,’ and feminine founders are rising
  3. Facebook snooped on customers’ Snapchat visitors in secret undertaking, paperwork reveal
  4. Nvidia could possibly be primed to be the subsequent AWS
  5. New Summit is elevating a brand new $100 million fund to again local weather tech and underrepresented fund managers

Source link