Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River Capital. The new capital will be allocated […]

The total market capitalization of crypto assets jumped by more than $50 billion in the last 24 hours after Bitcoin (BTC) and Ethereum (ETH) saw strong gains yesterday. According to Coinmarketcap, the overall market cap of cryptocurrencies currently stands at around $2.08 trillion. Bitcoin, the world’s largest crypto asset, is currently trading near $46,000 with a market cap of over […]

Key takeaways South Korea to shut down over 40 cryptocurrency exchanges for failure to comply with new regulations. Cryptocurrency crackdowns are reducing the impact of Asian countries on the cryptocurrency market. Other countries are benefiting from Asia’s continued witch-hunt of the sector. The cryptocurrency market in South Korea has been seeing a build-up of regulatory scrutiny that is approaching a […]

At the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20 per transaction. Days later, ether transaction fees have subsided to a degree as the median and […]

Key Takeaways Immutable has raised $60 million in a Series B funding round co-led by BITKRAFT Ventures and King River Capital. Immutable’s flagship product is Immutable X, the first NFT-focused Layer 2 scaling solution on Ethereum. Immutable X uses StarkWare’s zero-knowledge-based rollup technology, offering instant and costless transactions. Immutable, the team behind the first Layer 2 scaling solution for NFTs on […]