SEC Charges BitClout Founder Nader Al-Naji with $257 Million Cryptocurrency Fraud
Al-Naji raised $257 million through BitClout’s token sale, allegedly misleading investors about fund usage. The SEC claims he spent over $7 million on personal expenses, including a Beverly Hills mansion and family gifts, instead of compensating employees.
OpenSocial Protocol Raises $6M to Boost Community-Driven dApp Creation
Everest Ventures Group, a top Web3 group in Asia, created OpenSocial Protocol. This tool offers open-source, multichain social app infrastructure, letting users and communities build social decentralized applications (dApps) without needing coding skills.
Boba Network Launches $1M Accelerator for Web3 Startups
In partnership with Brinc, a global leader in venture acceleration and corporate innovation, the Boba Liftoff Accelerator helps founders move their projects to the Boba Network.
Redpill AI Secures $5 Million to Advance Decentralized AI Technology
The capital raised will enhance Redpill’s technological infrastructure and expand its global presence, keeping the platform at the forefront of decentralized technology.
Pudgy Penguins Parent Company Igloo Secures $11M for New Layer 2 Blockchain
Abstract is a new Layer 2 blockchain being built using Matter Labs’ ZK Stack and EigenLayer’s data availability layer EigenDA to help make the process of developing decentralized apps easier, cheaper, and safer.
Bitrue Ventures Launches Web3-Focused $40M Investment Fund
This fund will be distributed among various startups and developers involved in Web3, with individual investments potentially reaching up to $200,000 per project.
Anomaly Launches ChatGPT-Powered Mini-Games on Telegram, Expands NFT Integration
The Telegram bot, @anomaly_launch_bot, is easy to find and free for all Telegram users. It works on both mobile devices and desktop platforms, making it accessible to everyone.
Grayscale Launches New Fund for Decentralized Artificial Intelligence
The Grayscale Decentralized AI Fund LLC aims to give investors access to emerging AI technologies in the crypto world. The fund will adjust its holdings every three months and currently includes several decentralized AI crypto protocols.