Name: Binance raises $500mn & Google builds in-house team: Connected Church News
Uploaded: 2022-06-13T13:54:57+05:30
Channel: Natchi Lazarus
Description: Connected Church News: Week 2, June 2022 - Web3: Binance raises $500mn & Google builds in-house team

Welcome to the Connected Church News!

This news item is part of the weekly top 5 news bulletin (from Week 2, Jun 22) specially packaged for leaders of Nonprofits, Churches, and Faith-based Social Ventures.

Binance raises $500mn & Google builds in-house team: Connected Church News

A couple of news items from the Web3 space, which is fast evolving and it will definitely have an impacton what you and me do as a nonprofit and ministries in the days to come. First is: Binance, which is one of the largest cryptocurrency exchanges, has announced that they are raising $500 million for a new startup fund that is going to focus on the Web3 space. This venture is called Binance Labs, which is their venture capital arm, and they will be focusing on Web3 projects. Just wanted to bring this to your attention to show you how much action is happening in the Web3 space. The second is also an important indication of the growth of the Web3 space, where Google, which is one of the large tech companies…you know all the conversations about decentralization moving away from the big tech and so on, but no wall the big tech companies are embracing Web3… Google has announced… Google cloud team has announced that they are putting together an in-house team just to focus on Web3-related services because of the heavy demand. Check out these two articles.