Although African startups secured close to $5 billion in venture capital (VC) funding in 2021, double of what was raised year-on-year (YoY), it still pales in comparison to the $621 billion raised globally last year. While entrepreneurs are not lacking on the continent, the challenge...
Decentralized finance has a control problem it must solve if it is to become the economic force supporters believe — and opponents fear — that it can become. And fear they do. In March, Deloitte wrote that in DeFi “traditional financial services face a potentially...
With a collateral pool of digital assets worth about $10.5 billion, MakerDAO, the Decentralized Autonomous Organization (DAO) that administers the DAI cryptocurrency, has become an important force in the Decentralized Finance (DeFi) and wider crypto ecosystem. Read more: Dai or Die: ‘Payment Stablecoins’ and Why...
Decentralized finance’s (DeFi’s) reign as a crypto-libertarian tool of bypassing government control of finance took another step toward the ash heap of history this week as a leading DeFi project moved to incorporate in Panama. SushiSwap, a leading decentralized exchange (DEX) and crypto lending platform...
September 26, 2022
When you get past the marketing hype and dig down into what Web3 actually is, it’s hard not to ask whether it’s a real revolution that’s going to remake the internet or simply a far more successful rebranding of blockchain technology. In a report released Monday (Sept. 26), “Web3 beyond the hype,” consulting giant McKinsey […]
June 07, 2016
Wired reports that machines have yet to beat the human mind — at least when it comes to venture capital. The Decentralized Autonomous Organization (DAO), which is a network of technology that operates much on the same principle as bitcoin, has been a bust, so far. Put money to work with the VC firm, and the […]
