Here are some of the major developments from the world of crypto over the past few days
Venture capital investment in cryptocurrency start-ups with headquarters in Europe hit an all-time high in 2022, with investments of $5.7 billion. The amount invested in European decentralised finance start-ups reached $1.2 billion in 2022, a 120 per cent increase from the $534 million invested the year before, according to a new study from the European investment company, RockawayX.
With a persistent bear market and high-profile failures of some of the sector’s most important companies, including Terra and FTX, 2022 was a turbulent year for the cryptocurrency market.
Nevertheless, venture capitalists have continued to fund cryptocurrency start-ups despite the setbacks.
The top 100 DeFi tokens also had a mixed week, with little changes, and most of the tokens trading in the green.
Beeple & Pudgy Penguins Creators Launch Digital Collectibles On Amazon’s NFT Marketplace
Beeple & Pudgy Penguins creators have launched digital collectibles on Amazon’s non-fungible token (NFT) marketplace. The site will make available digital collections from well-known NFT producers who specialise in encryption.
In accordance with the terms of a non-disclosure service agreement, Amazon will run the NFT platform on a private, permissioned Blockchain that it owns.
Another confidential document attested to the NFT marketplace is the use of a private Blockchain and its main supplier, Amazon Web Services (AWS).
Several sources claim that the company has made a number of secret deals in order to get ready for the launch of the NFT market.
Amazon has also informed its product vendors that it will work with Artifact Labs and Proof Collective for the NFTs.
The read-only, gas-free Blockchain that powers Amazon’s digital collectibles imposes strict restrictions on NFT creators, partners, and — eventually — the firm’s customers after launch.
Largest Entertainment Companies In Asia Staked Future On Web 3.0
Asia Pacific is leading the charge in the rapidly-growing Web 3.0 gaming sector, with regional gaming companies pushing for the global adoption of Blockchain-based games.
Web 3.0 gaming is expanding quickly, making up 50 per cent of the total Blockchain market in terms of on-chain activity. China alone has over 700 million players who are eager to adopt Blockchain-based games, and Asia Pacific is currently setting the trend.
In the upcoming years, Asia may end up being the region that spearheads the worldwide uptake of Web 3.0 games. Today, China, Japan, and South Korea are home to nearly two-thirds of the largest gaming companies in the globe.