NFT News Daily Today TheBitTimes.com

The “Titan Fund” has already invested in five distinct blockchain startups, allocating two of these investments to projects based in Hong Kong. CMCC Global, a venture capital (VC) firm centered in Hong Kong with a focus on cryptocurrencies, has successfully raised a substantial $100 million to bolster emerging Asian blockchain startups. This remarkable achievement signifies the culmination of the inaugural funding round for the crypto fund, aptly named the Titan Fund. The round witnessed enthusiastic participation from 30 investors, featuring prominent names such as blockchain behemoth Block.one, Hong Kong magnate Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Animoca Brands founder Yat Siu, as reported by the South China Morning Post. The Titan Fund is strategically poised to channel its investments into pivotal sectors, including blockchain infrastructure, consumer-oriented applications such as gaming and nonfungible tokens (NFTs), and...

The football club has been keen on creating nonfungible token collections for much of the past year. Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Vision. According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the holding company for Barça Vision, in exchange for the capital. "Barça Vision is the Club's initiative to integrate all digital content around Web3 and blockchain including nonfungible tokens (NFTs) and metaverse, which are part of the Club's strategy to build the digital Espai Barça," developers wrote. Libero is a publicly listed company in Germany consulting football clubs on financial matters. Nipa Capital is a venture capital firm domiciled in the Netherlands. The transaction is subject to the approval of FC Barcelona shareholders and is expected to close in Q4 2023. Since February 2020, F...