According to the developers, the soulbound credit score system uses over 10,000 data points to determine a Web3 user’s creditworthiness.

The crypto industry would be wise to learn from and adopt the proven principles and processes TradFi relies on to protect consumers.

VC firms Bitkraft Ventures and Andreessen Horowitz participated in the funding round, which aims to advance Web3 gaming in Africa.

The global asset manager HashKey Capital closed the funding round for its FinTech Investment Fund III, with which it plans to invest in startups and projects in the space perpetuating mass adoption.

To help transfer Synergy Land’s resources onto the EVM chain, Xternity proposed a process — via its network migration tool — that can be used to migrate games or projects across chains.

The Metaverse emerged from 2022 bruised and battered. Platform founders reveal their plans to resurrect the sector and attract users in 2023.

The SkyBridge Capital co-founder said blockchain “skepticism is usually born from a lack of knowledge,” while sharing that his crypto holdings include Bitcoin, Ether, Solana and Algorand.

The report highlighted that deposits in the fourth quarter were $7.3 billion, which was lower than the third quarter figure of $12 billion.

DeFi on Bitcoin was made possible by the Taproot upgrade. Find out how Bitcoin DeFi works compared to the Ethereum blockchain.

The current BTC price boost may not be a natural phenomenon any longer, new research says.