Rec Room shuts down after decade and 150 million players – Hypergrid Business
[ad_1] (Image courtesy Rec Room.) Rec Room, a Seattle-based social virtual world that raised $294 million and briefly reached a $3.5 billion valuation, will shut down on June 1, 2026, the company announced yesterday. Snap Inc. confirmed the same day that it has acquired select assets from the company. “Despite this popularity, we never quite […]
Ethereum Nears 200 Million Non-Empty Wallets Despite Market Uncertainty
[ad_1] My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me […]
Ethereum DeFi Protocol That Just Raised $175 Million From a16z And Paradigm Has A Bold Message For Wall Street
[ad_1] Morpho, a decentralized lending protocol operating on Ethereum, HyperEVM, and other blockchains currently holding $6.6 billion in total value locked, has raised $175 million in a funding round led by Paradigm, Ribbit Capital, and Andreessen Horowitz’s digital assets arm a16z crypto — valuing the protocol at up to $2 billion and positioning it for […]