Altcoin News by Thebittimes.Com

Software giant Microsoft has made a $14. 8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan Asset Management and Kiwoom Securities. Microsoft Backs Korea-Based Gaming Company Wemade Microsoft has participated in a $46 million investment round to back Korea-based blockchain gaming operator Wemade. The round, which involved Wemade selling convertible bonds, saw Microsoft purchase $14.8 million in these bonds. Two other companies also participated — Shinhan Asset Management and Kiwoom Securities — with bond purchases of $21.2 million and $10.5 million respectively, according to regulatory filings. Founded in 2000 and having operated more than 20 blockchain games , Wemade sees this development as a big success, more so in the troubling economic times that the cryptocurrency indust...

Author: WuBlockchain Joey According to Messari, there were 71 publicized investments in crypto VCs in October, down 26% MoM (97 projects in September 2022) and down 46% YoY (131 projects in October 2021). The category is as follows: The crypto market saw a significant drop in funding across all fields in October, with the infrastructure field seeing the largest drop of approximately 45%. Total funding in October was $850 million, down 46% MoM ($1.57 billion in September 2022) and down 74% YoY ($3.21 billion in October 2021). October was the lowest in the last two years in terms of both number and amount of funding. The top 10 funding rounds (excluding CeFi) are as follows. Homa Games is a French game developer specializing in casual games that held a Game Jam in January in partnership with Sorare, a digital soccer NFT collection platform. The round was led by Quadrille Capital and Headline, with participation from Northzone, Fabric Ventures, Bpifrance, Eurazeo and Singular. With this f...