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When you are no longer at the helm of a listed company, you have more room to express controversial views. Former Twitter CEO Jack Dorsey He expressed his dissatisfaction with the role of venture capital in Web 3.0 on social media this week. Some of his Twitter fans agreed with him, some disagreed, and some even blocked him completely.
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“You don’t own Web 3.0,” Dorsey said
Dorsey’s complaints about Web 3.0 -A broad term referring to a more decentralized and interconnected version of the Internet-derived from those who control the commanding heights of these emerging protocols. By owning large shares in Web 3.0 startups, venture capital funds and limited partners can pressure founders to comply with centralized regulations that run counter to the spirit of decentralization. Tesla CEO Elon Musk mocked the Web 3.0 project with Dorsey on Twitter.
Has anyone watched web3? I can not find.
-Elon Musk (@elonmusk) December 21, 2021
776 and Polygon launch a US$200 million fund
Reddit co-founder Alexis Ohanian (Alexis Ohanian) has deployed a large amount of funds through his 776 venture capital company to support the new Web 3.0 and social projects Built on polygons. The fund is worth up to US$200 million and will focus on gaming applications and social media platforms.The news was released more than a month after Ohanian’s VC and Solana Ventures cooperated US$100 million Web 3.0 Growth FundIn other words, 2022 may be the year when “crypto-social” takes off.
SBI Group launches crypto asset fund in Japan
One of Tokyo’s largest financial services companies is making it easier for Japanese investors to acquire large-cap cryptocurrencies.Earlier this week, SBI Group announced its SBI Alternative Fund, It provides exposure to seven digital assets: Bitcoin (Bitcoin), Ethereum (Ethereum), Litecoin (LTC), ripple (Ripple), Bitcoin Cash (Bitcoin cash), chain link (Associate) And Polkadot (point). Investors interested in cryptocurrency must submit an application to invest in the fund by the end of January.
Binance Labs leads Multichain’s US$60 million financing
Binance Labs, Binance’s venture capital arm, is one of several well-known investors backing Multichain In a private seed round of 60 million US dollars. Multichain claims that its protocol connects “more public blockchains and encrypted assets than anyone else,” which may explain Binance Labs’ strong interest in the project. As the crypto economy continues to mature, investors are expected to hear more about interoperability in 2022.
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