When yous're no longer at the helm of a publicly-traded company, you have more leeway to express controversial views. Former Twitter CEO Jack Dorsey took to social media this calendar week to express his discontent over venture majuscule'due south role in Web 3.0. Some of his Twitter followers agreed with his views, others disagreed and some even blocked him entirely.

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"You don't own Web 3.0," says Dorsey

Dorsey's gripe with Spider web 3.0 — a wide term that refers to a more decentralized and interconnected version of the cyberspace — stems from those who control a commanding stake in these emerging protocols. By owning a big stake in Web three.0 startups, venture uppercase funds and limited partners tin can pressure level the founders to comply with centralized regulations that get confronting the ethos of decentralization. Tesla CEO Elon Musk joined Dorsey on Twitter in mocking Web 3.0 projects.

Vii Seven 6 and Polygon launch $200M fund

Reddit co-founder Alexis Ohanian has deployed vast sums of uppercase via his Seven Vii Six venture firm to back new Spider web 3.0 and social projects building on Polygon. The fund, which is valued at a whopping $200 million, will focus specifically on gaming applications and social media platforms. The news came more than a month later Ohanian's VC teamed upwards with Solana Ventures on a $100 million Spider web 3.0 growth fund. In other words, 2022 could exist the yr where "crypto social" takes off.

SBI Group launches crypto-asset fund in Nippon

1 of Tokyo'south biggest financial services companies is making it easier for Japanese investors to access large-cap cryptocurrencies. Earlier this week, SBI Grouping unveiled its SBI Culling Fund, which provides exposure to vii digital assets: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Greenbacks (BCH), Chainlink (LINK) and Polkadot (DOT). Crypto-curious investors volition have until the end of January to file their applications to invest in the fund.

Binance Labs leads $60M funding round for Multichain

Binance's venture upper-case letter arm, Binance Labs, was one of several big-name investors to back cantankerous-chain protocol Multichain in a $60 1000000 private seed round. Multichain claims that its protocol connects "more public blockchains and crypto assets than anyone else," which likely explains Binance Labs' strong involvement in the projection. Investors can expect to hear more nigh interoperability in 2022 as the crypto economic system continues to mature.