NFT News by Thebittimes.Com

Chainlink’s early access staking program quickly maxes out, with $632 million in LINK staked, indicating strong community interest. Eligible users staked some 40.8 million Chainlink (LINK) tokens worth an estimated $632 million during the protocol’s early access staking program, signaling strong interest in its v0.2 infrastructure. Stakers filled the allocation within six hours after Chainlink raised its pool limit from 25 million LINK in v0.1 to 45 million under the latest iteration, accounting for 8% of the token’s circulation supply. Chainlink said it would allow general access on Dec. 11, enabling anyone to stake up to 15,000 LINK. This move to provide a revamped staking model is reportedly part of Chain link’ s Economic 2.0 plan. The project said it would expand its ecosystem to new users and reward stakers for on-chain participation.  Specifically, Chainlink Staking enables ecosystem participants, such as node operators and community members, to back the performanc...

Andreessen Horowitz (a16z) is planning to raise $3.4 billion for its next early and seed-stage fund. The fundraising is reportedly set to start by the end of year. Andreessen Horowitz (a16z), a crypto-friendly venture capital firm based in Silicon Valley, is targeting approximately $3.4 billion for the next early -stage and seed-stage funds , according to Axios. According to the report, the core fund will represent a slight increase for a16z when compared to previous efforts. New growth, crypto and bio vehicles Andreessen Horowitz is one of the bullish VCs on AI, an area that’s seeing a significant uptick in investments. But as artificial intelligence projects prove a big hit for VC fundraising, the broader landscape is seeing notable declines. The fundraising that report edly is marked to start towards the end of the year eyes “new growth, crypto and bio vehicles in 2025.” Per Axios, the VC giant “will ask, although not require, li...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Revolutionary new move-to-earn crypto project FightOut has already raised n early $2.5 million during its presale - with early investors also able to earn a 50% bonus on FGHT tokens. The project has ambitious plans to develop an exciting new fitness app as well as build and develop Web3-integrated gyms in key locations around the world.  Locations for the first gym are already being scouted and earlier this week, FightOut announced it has already partnered with three world-class athletes to act as ambassadors. The first presale stage is almost 50% complete - with a target of $5m - and once that is reached bonus tokens will no longer be available to investors, while FGHT tokens will also increase in price after stage 1 is complete. Tokens are currently on sale for $0.0166 each and will then increase every second to a ...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase CEO Brian Armstrong slammed Sam Bankman-Fried’s account of how FTX got into a $8 billion hole on Saturday. Armstrong claims that billions of dollars could not have passed FTX’s founder and former CEO, who graduated from the Massachusetts Institute of Technology with a degree in physics. “I don’t care how sloppy your books are… You’ll definitely notice if you find an extra $8 billion to spend,” he said on Twitter. Not even the most credulous person should believe Sam’s claim that this was an accounting error. I don't care how messy your accounting is (or how rich you are) – you're definitely going to notice if you find an extra $8B to spend. Even the most gullible person should not believe Sam's claim that this was an accounting error. — Brian Armstrong (@brian_armstrong) December 3, 2022 The CEO of Coinbase went on to expla...