Discover more from Montgomery Street Blockchain (formerly Web3 Army)
VanEck's Philanthropy, VC Investment in Blockchain, and More
In an unprecedented move, global asset manager VanEck has committed to donating 10% of its profits from its upcoming Ether futures ETF to Ethereum's core developers. VanEck aims to foster community development, urging other asset managers to follow suit.
Despite challenging market conditions, venture capitalists are keen on backing crypto and blockchain startups. Significant funding rounds have taken place, from Farmville's co-creator securing $33 million for Web3 games to Blockchain Capital closing two new funds worth $580 million for crypto gaming and DeFi projects.
Blockchain-based platform OpenTrade has launched a tokenized U.S. Treasury bill pool, available to accredited individual investors and institutions alike. As tokenization of real-world assets gains momentum, OpenTrade seeks to pioneer in the space with a product that offers a blend of innovation and safety.
Crypto custody company Fireblocks has acquired tokenization firm BlockFold, aiming to expand its capabilities in token customization and distribution. The market for tokenized assets could reach a staggering $16 trillion by 2030, making this acquisition particularly strategic for Fireblocks.
Google's cloud-computing division is showing increased interest in blockchain technologies, with plans to incorporate more networks such as Polygon and Polkadot into its BigQuery program. The tech giant acknowledges the importance of blockchain's distributed security through a concept known as "restaking."
The QuickNode Graph API enables you to fetch powerful market insights, historical trading data, NFT and ERC20 Token holdings. Try it now for free! →