Adidas, the worldwide sportswear company, has announced a relationship with Coinbase, a Nasdaq-listed cryptocurrency exchange, in the same week that it opted to invest heavily in a plot of land in The Sandbox, a blockchain-based virtual game environment. While neither release provides any specifics or hints as to whether the two events are connected, it's possible that the firm intends to spend cryptocurrencies in The Sandbox; if that's the case, Coinbase might assist it in making the necessary investment.
Paradigm, a new venture capital firm founded by a co-founder of Coinbase, has raised $2.5 billion for cryptocurrency investments.
Paradigm One, a venture capital firm run by Coinbase co-founder Fred Ehrsam and ex-Sequoia Capital Partner Matt Huang, has raised $2.5 billion (approximately Rs. 18,598 crores) for the "next generation of crypto companies and protocols," making it the largest crypto VC fund. Paradigm One was founded in 2018 with an initial investment of $400 million (approximately Rs. 2,976 crores), and the total amount raised has surpassed the VC fund's initial investment objective.
Coinbase, a cryptocurrency exchange, has announced plans...
Coinbase will allow its US customers to directly deposit their paychecks into their wallets.
Players nurture, battle, and trade cute NFT creatures called Axies in Axie Infinity, a crypto-meets-Pokémon game. Axie Infinity Shards (AXS), which can be purchased and traded on exchanges like Coinbase, and Small Love Potion (SLP), which is granted to players for spending time in the game, are the two native cryptocurrencies.