Conti Ransomware Gang Threatens Costa Rica’s Government

velvetsea Elementus, Velvet Sea Ventures

Max Galka, CEO, founder, and chief data scientist at Elementus, agreed. While he didn’t think the threat of regime change was credible, ransomware inside a federal or national government is still a major crisis. “If I were in the shoes of the Costa Rican government, I would be extremely nervous,” he said. “And the truth is, even they probably don’t know the full extent of what the ransomware could do.” He …

Crypto Thieves Get Bolder by the Heist, Stealing Record Amounts

velvetsea Elementus

Cryptocurrency hacks are getting bigger.  On Sunday, a hacker exploited a new algorithmic stablecoin project called Beanstalk and drained it of $182 million worth of digital assets.  Hackers are finding larger exploits amid the increase of decentralized finance, or DeFi, projects. Hackers tend to target new protocols that haven’t been fully tested and vetted, said Max Galka, chief executive of crypto forensics firm Elementus. Read WSJ article here.

Tom Brady Autograph

Autograph x ESPN Collaboration Kicks Off with Man in the Arena: Tom Brady NFT Collection

velvetsea Autograph, Velvet Sea Ventures

ESPN and Autograph, the Web3 brand co-founded by Tom Brady that is pioneering a new era of digital experiences, today announced a multi-year deal for ESPN’s first NFT. The collaboration kicks off with a NFT collection based on Man in the Arena: Tom Brady, the 10-part ESPN+ documentary series produced by Religion of Sports, a media company in which Brady is also a co-founder. Read more.

Pixel Vault banks $100 million in funding to chase an NFT media empire

velvetsea Pixel Vault, Velvet Sea Ventures

Investors’ latest NFT bet is on a startup called Pixel Vault — a massive NFT collection of superheroes that has the goal of growing into a decentralized Marvel-esque empire. The NFT startup tells TechCrunch it has closed a whopping $100 million in funding from Adam Bain and Dick Costolo’s 01 Advisors and Velvet Sea Ventures. Read the entire TechCrunch article. If you want to read the story behind that story, check out …

Liquid Death lands $75M more to expand the brand Liquid Death lands $75M more to expand the brand

velvetsea Liquid Death, Uncategorized

Liquid Death, a water brand that began life in 2018 with a funny video to first test the concept, has grown deadly serious about its growth prospects. The LA-based outfit, which sells canned mountain water from the Alps that will “murder your thirst,” has just landed $75 million in Series C funding led by the startup studio Science, which helped launch the company and now owns a “strong minority” position. (Says Science …

Connect the Dots collects $15M Series A to help companies graph connections

velvetsea CTD

Drew Sechrist, who was employee 36 at Salesforce in 1999, was on Marc Benioff’s early sales team, pushing the company when nobody knew who they were or what hosted software was, for that matter. He recognized early on that having connections helped drive sales. He called Benioff the “number one alpha networker.”  Sechrist wanted to build a better way to do that. Today, Connect the Dots has a social graph in …

The biggest names in the DAO movement — from a16z to Mark Cuban, Peter Thiel and Chamath

velvetsea Uncategorized, Velvet Sea Ventures

At The Business of Business, they decided to take a close look at DAOs. They compiled a list of the 50 biggest DAOs by market cap, as defined by the product of token prices and circulating supply. We were also able to determine a “who’s who” of interesting people getting involved in DAOs and the DAO movement. The list includes many familiar names in the Web3 movement, along with some …