Welcome back to Chain Reaction.
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This week in web3
- Insights into Circle’s plan to go public (TC+)
- Launch of Faction’s $285M early-stage crypto fund
- LG’s IT arm collaborates with Tiger Global-backed QuickNode for web3 ventures
- a16z’s investment in London-based crypto startup Pimlico to boost UK focus
- US sanctions against a Russian individual accused of laundering Ryuk ransomware funds
The latest pod
Quigley, a former U.S. Marine now practicing law, specializes in representing clients involved in white-collar government investigations and commercial disputes.
Having served as a federal prosecutor in the U.S. Attorney’s Office for the Southern District of New York, Brendan discussed SBF’s verdict and future sentencing, as well as the upcoming trial for additional charges in March 2024.
Follow the money
- Stackr secures $5 million in seed funding to support the development of scalable web3 apps
- Ritual, focused on crypto and AI, secures $25 million in financing led by Archetype
- StablR raises $3.5 million to expand its euro-backed stablecoin startup
- Authentick, an NFT browsing platform, secures $4 million in seed funding
- Llama raises $6 million to enhance crypto protocols and smart contracts
This list was compiled with information from Messari as well as TechCrunch’s own reporting.
What else we’re writing
If you’re interested in topics beyond web3, here are some noteworthy articles on TechCrunch:
- The potential of AI to empower even mediocre individuals (TC+)
- Secure messaging app Signal progresses towards launching usernames
- Decline in robotics funding observed in 2023
- Klarna’s journey towards an IPO, alongside other firms (TC+)
- Increase in the emergence of new pre-seed funds (TC+)
Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more.