Quadrata, a Web3 passport startup based in California, closed a $7.5 million seed round led by the blockchain VC firm Dragonfly Capital.
Quadrata launched Web3 passports on the ethereum network, handing out non-transferable NFTs after AML checks.
Regulators have traditionally responded to bad actors in financial innovation by attacking the underlying technology versus those wielding it as a weapon.
Real-world asset tokenization was set to be a multi-trillion dollar market by 2030. It's still on track despite FTX setbacks.
Recent crypto hacks teach the importance of security testing, the limitations of Web3, and the need to hold judgment until all facts are in.
Trust in DeFi has suffered multiple knocks over the years. Trade surveillance could be the key to building it back up.
While DeFi, could be powerful in improving lending, it has collateral limitations that on-chain reputation could solve.
On Tuesday, Paris-based Web3 payments startup Request Finance launched "Salaries" to help Web3 enterprises automate payroll in crypto.
Crypto Basics covers how cryptocurrencies differ from fiat money, what a decentralized system is, how cryptography works, and the risks.
Revolut continues its crypto expansion, receiving the regulatory nod from Cyprus to create a crypto hub to serve its 17 million EU customers.