Max Galka, CEO & Founder Elementus Podcast: The explosive rise in Russian ransomware attacks.

Katherine Bateman Elementus, Velvet Sea Ventures

It’s no secret that the country that’s most responsible for ransomware attacks is Russia. The threat of ransomware attacks on U.S. businesses and critical infrastructure recently took an ominous turn when a prominent Russian ransomware group named Conti — threatened to attack any nation or organization retaliating against Moscow for its unprovoked invasion of Ukraine. Now, a groundbreaking new report titled Ransomware: A Technology Pandemic on the Brink, from New …

Cryptocurrency is finding its way into retirement funds.

Katherine Bateman Elementus, Velvet Sea Ventures

“We are facing a technology pandemic on the brink,” according to a new report from blockchain analytics firm Elementus, which relates that ransomware gangs made over $1 billion in 2021, far higher than earlier estimates.  Max Galka, Elementus’ CEO, said most ransomware attacks are now perpetrated by a few large groups based in Russia and other former Soviet republics, which Elementus warns are “becoming more agile, dangerous, and defiant every year.” …

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 …

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.

Our Own Mike Lazerow featured in Business Insider Discussing why NFT tech will Change Every Industry

Katherine Bateman Velvet Sea Ventures

Mike Lazerow, who sold his last startup to Salesforce for $700 million, is now investing heavily in NFT startups. Here’s why he says the tech will change every industry. Mike Lazerow may be well known in the tech industry as the founder of the adtech startup Buddy Media, which sold to Salesforce for $700 million in 2012, and for his long string of successful angel investments, from BuzzFeed to Scopely. But …

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 …

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 …