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The crypto market and overall ecosystem may be showing signs of recovery after a prolonged bear market.
At the time of publication, cryptocurrencies like bitcoin and ethereum were up 30% and 28% from the month-ago date, respectively, according to CoinMarketCap data. Separately, the total crypto market capitalization is up about 31% to $1.41 trillion during the same period.
Even the NFT space, which took a tumble after its latest hype cycle in 2021 and 2022, has seen total sales increase 64% in the past 30 days, according to CryptoSlam data. The top three blockchains by NFT sales volume were Ethereum, Bitcoin and Solana, and all of them saw sales increase (44%, 1,222% and 56%, respectively) in that time frame.
Separately, the crypto venture capital landscape is heating back up after six consecutive quarters of declines of investments into web3 companies. The bullish take comes at a time when a lengthy market downturn has persisted, chilling consumer, founder and investor interest in the crypto industry.
More below.
For this week’s episode, Jacquelyn interviewed Stani Kulechov, the founder of Avara, formerly known as Aave Companies.
The company is probably best known for Aave protocol, its platform-focused stablecoin GHO and its social network protocol Lens.
The web3-focused software technology company announced exclusively on our podcast their rebranding as well as a strategic acquisition of an Ethereum-based crypto wallet. The name Aave will still exist, but through Aave Protocol and Aave Labs, two organizations under Avara’s umbrella brand.
We discussed the rebrand, acquisition, changes to projects under the Avara umbrella and content creator monetization on decentralized social media platforms and what it can look like.
We also talked about:
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BONUS: On Monday, Equity, TechCrunch’s podcast focused on the business of startups, dove into the million-dollar question: Are we at the start of a new crypto bull cycle? Listen in here.
This list was compiled with information from Messari as well as TechCrunch’s own reporting.
Want to branch out from the world of web3? Here are some articles on TechCrunch that caught our attention this week.
Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more.
Source @TechCrunch
