Liquid Death Water Startup Valued at $700 Million

velvetsea Liquid Death, Velvet Sea Ventures

Sometimes water tastes better when it’s in a cool-looking can. At least that’s the thesis behind Liquid Death, a 3-year-old startup that is already valued at $700 million following its latest round of financing. The $70 million investment was led by Science Ventures, with participation from other investors including Live Nation Entertainment Inc., music group Swedish House Mafia and comedian Whitney Cummings. Read more here.

How to Tweak Your NFT Strategy Amid Crypto Winter

velvetsea SUPERF3ST, Velvet Sea Ventures

The NFT party is not over; it’s just on ice. Here’s how to weather the elements. For NFT or crypto creators, the article outlines three ideas for building heat during the crypto winter. One idea is to “go beyond the NFT.”  Velvet Sea Ventures, for example, is helping the art community SUPERF3ST to launch a music festival for the growing NFT and Crypto community during NFT.NYC this year. The goal …

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 …