Daily Crunch: a16z literally doubles down, announces $4.5B crypto fund IV - Aliens: AI Crypto News & Markets Updates
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Daily Crunch: a16z literally doubles down, announces $4.5B crypto fund IV

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TechCrunch

Wed, May 25, 2022

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— Haje and Christine Going, going gone : Twitter confirmed that its former CEO Jack Dorsey stepped down from the company’s board today.

No crypto slowdown to see here : Even with a grim cryptocurrency market report, there are still dollars to be raised if you are developing viable blockchain infrastructure.

StarkWare Industries grabbed 100 million of them, bringing the company’s valuation to $8 billion, essentially a four-time boost from its previous round.

In startupland, it’s all crypto all the time today.

DJ Gabeau, one of Snapchat Stories’ earliest engineers and founder of Web3 social network Primitives , told TechCrunch that he thinks NFTs can be an enjoyable way for people to connect, Anita reports.

As members of the Terra community try to pick up the pieces from its currently defunct economy, Polygon launches a fund to entice the dozens of developers who had projects built on the inoperative blockchain, Jacquelyn reports.

And finally, the IRS’s tax partner ZenLedger was already off to the races , but it is leaning on the accelerator with a $15 million series B, Anita reports.

Taking a bite out of food tech: Synthesis Capital closed its inaugural $300 million fund to invest in the future of food, Christine writes.

All the things, everywhere, via the internet: Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global , reports Tage .

Signed, sealed, delivered — your severance package: Getir, valued at $12 billion, plans to axe 14% of staff globally and cut aggressive expansion plans , reports Ingrid .

Budtenders are a frequent sight at California weddings, but Anna Heim found that the industry still has a long way to go before it reaches maturity, largely because federal laws continue to prevent cannabis-related business from using traditional financial services.

Carly reports the fear is that it could become a tool for “far-right extremists looking to crack down on people seeking reproductive health care.” Apple says its iOS App Store supports some 2.2 million jobs and was responsible for a 118% increase in U.S. small developer earnings over the past 2 years.

Sarah and Natasha provide some analysis of the numbers, noting, “these figures highlight how important the App Store is to a wide range of global developers.

And ICYMI from yesterday, Dyson has secretly been building robots that pick up things , Kim Kardadshian likes Beyond Meat so much that she is going to be the brand’s first “chief taste consultant,” Exploding Kittens game is finally coming out on Netflix and Bumble is diving into some new nondating features around communities and social groups

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