The post OpenAI Cuts Funding Target by $10 Billion and Valuation by $150 Billion Amid Tech Selloff appeared first on Coinpedia Fintech News

OpenAI has reduced its funding target by $10 billion and its valuation by $150 billion amid this week’s technology stock selloff, according to the Financial Times. The company is now seeking to raise $20 billion at a $1.25 trillion valuation, down from its earlier target of $30 billion at a $1.4 trillion valuation. OpenAI had …

The post Ripple Backs OKX at $25B Valuation in New Funding Round – Bloomberg Reports appeared first on Coinpedia Fintech News

Ripple has joined Circle, Standard Chartered’s investment arm SC Ventures, and quantitative trading firm Qube Research & Technologies (QRT) in a new funding round for crypto exchange OKX at a $25 billion valuation, according to bloomberg OKX has not disclosed the size of the new investment. The round follows a $200 million investment from Intercontinental …

The post Investors Bet Big on Blockchain Gaming: SkyArk Secures $15M Funding appeared first on Coinpedia Fintech News

A Triple-A gaming platform, SkyArk Chronicles, which is built on blockchain technology, closed its funding round at $15 million on Friday (January 12, 2024). This gaming platform was backed by one of the leading investment wing and crypto exchange platforms, Binance Labs. Besides that, around 40 investors have participated in the funding round.  Binance takes …

The post 2023 Web3 & Crypto Funding Report: Trends, Insights, and Predictions appeared first on Coinpedia Fintech News

In the third quarter of 2023, the crypto and blockchain realms experienced a sharp downturn, recording a mere $1.975 billion in investments. This figure not only marked the lowest since the last quarter of 2020 but also set a new nadir for the industry. This descent began following a pinnacle of $12 billion in the …