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VC Funding for Web3 Start-ups Plummets 82% YoY: Crunchbase Report

SNEAK PEEK VC funding for Web3 start-ups plummeted by 82% YoY. In Q1 2023, only $1.7 billion was invested in Web3 start-ups. The decline in funding for...

Sky Mavis to overhaul Ronin network and expand to new game studios

SNEAK PEEK Sky Mavis to repair Ronin’s key systems to make the network even decentralized and less vulnerable to hacks like last year’s $625 hack. Ronin...

SafeMoon Addresses Security Vulnerability with Upgrade

SNEAK PEEK SafeMoon has fallen prey to a token burn bug exploit in its smart contract. The team issued a community alert, acknowledging the incident and...

Animoca Disputes Rumors of $200M Metaverse Fund Cut

SNEAK PEEK Animoca Brands denies scaling back Metaverse fund target amid market volatility. Animoca Brands remains committed to the original $1 billion fund target. Yat Siu emphasizes...

Paradigm Purchase Vote Sends ArenaDAO Token Up 50%

SNEAK PEEK ArenaDAO's governance token surges 50% amid a $6 million sale to Paradigm vote. Sale proceeds will fund Code4rena's growth to enhance web3 security and...

Yuga Labs announces Otherside’s second trip on March 25

SNEAK PEEK: Up to 10,000 Otherdeed NFT owners will participate in the second trip.  Voyagers who own Otherdeeds will be allowed to join the experience 15...

Animoca’s Mocaverse NFT Sale Sees Over $5.5M in Just 48 Hours

SNEAK PEEK Animoca Brands completed its Mocaverse NFT mint event, selling 8,888 NFTs. The company recorded US$5.5 million in sales within the first 48 hours. Mocaverse aims...

Animoca Brands and Manga Productions to develop Web3 projects across MENA region

SNEAK PEEK Animoca Brands and Manga Productions will work together to promote the latter's content, create the local blockchain industry and enhance media access.  Animoca Brands...

Hong Kong Allocates 50M HKD to Develop Web3 Ecosystem

SNEAK PEEK: Hong Kong plans to hasten the development of Web3. The finance head has allotted 50 million HKD for this purpose. Hong Kong has extended support...

What is NFT? A deep discussion

An NFT, or non-fungible token, is a digital asset that represents real things such as music, art, video, paintings, games, etc. NFTs are both...

Meta’s Reality Labs Lost $13.7B Last Year, Q4 Beats Expectations

SNEAK PEAK: Meta’s metaverse division Reality Labs posted a wider loss of $13.7 billion in 2022. The company's overall profitability for the fourth quarter exceeded forecasts. Meta's...

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