China News Daily TheBitTimes.com

Notable venture capital firms such as Animoca Brands and Binance Labs took part in the funding round. Tabi, the nonfungible token marketplace previously as Treasureland, has completed a $10 million angel funding round, the BNB Chain-based platform announced on May 10. The funding was seeded by venture capital firms Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures and Youbi Capital. Individual investors include Bo Feng of Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan of Mask Network. According to developers, the funds will be primarily used to develop Tabi’s gaming ecosystem and construct its upcoming on-chain identity protocol. Aside from its NFT trading and launchpad Features , Tabi converts users’ on-chain activities into “experience points,” which can be exchanged for future airdrop rewards and earnings. The protocol also contains a gaming platform that aggregates blockchain game transactions and entertainment.  In addition, Ta...

Ava Labs CEO has condemned players that jump into every single new coin offering or token in the hopes that they will go up. Emin Gün Sirer, creator of the Avalanche Consensus protocol and Ava Labs CEO, believes that there is one very straightforward method to spot a long-standing cryptocurrency project. On Feb. 7 ​​Sirer discussed blockchain venture capital and crypto regulation in a fireside chat with MarketAcross chief operations officer Itai Elizur at the Web3 builder-focused event, Building Blocks 23. During the discussion, the Avalanche founder pointed out the crucial role of “staying power” in the crypto industry, condemning players that run from one project to another or jump into “every single new coin offering” in the hopes that they will go up. According to ​​Sirer, the desire to reap quick profits from crypto will only turn the space into a terrible thing, and VCs are not to blame. “I will tell you who’s to blame; it’s us,” ​​Sirer declared, urging the community to supp...