Welcome to TechCrunch Crypto, previously referred to as Chain Response.

That is the final version of this text. I wish to personally thank every of you for studying this and if you need to remain in contact, you possibly can observe me on X here for future updates.

With that mentioned, the present goes on. This week, Sam Bankman-Fried, the previous FTX CEO who was found guilty on seven counts related to money laundering and fraud in November, was sentenced, Borderless Capital acquired CFT Capital, Worldcoin faces one other ban in Europe and extra.

Particulars beneath.

This week in web3

Crunching numbers

This week the crypto market costs have been a bit extra chipper, with the highest cryptocurrencies being inexperienced on the week.

Bitcoin was up 7.4% on the week, round $71,300 on the time of publication. The second-largest crypto, ether, elevated 2.6% on the week to $3,550, based on CoinMarketCap data. The total crypto market cap elevated 6.4% throughout the identical time-frame to $2.67 trillion.

The most recent pod

Chain Response is doing a month-to-month collection diving into completely different matters and themes in crypto. This month we’re specializing in blockchain and AI integrations.

For this week’s episode, I interviewed Scott Dykstra, CTO and co-founder of House and Time.

Earlier than diving into web3, Scott spent virtually eight years on the cloud analytics and information platform Teradata the place he held roles of senior architect, director of cloud options and labored his approach as much as VP of the agency’s world cloud.

As for House and Time, the corporate goals to be a verifiable compute layer for web3 that scales zero-knowledge proofs, or ZK proofs, on a decentralized information warehouse. Zero-knowledge proofs are a cryptographic motion used to show one thing a couple of piece of knowledge, with out revealing the origin information itself.

House and Time has listed information each off-chain and on-chain from Ethereum, Bitcoin, Polygon, Sui, Avalanche, Sei and Aptos and is including assist for extra chains to energy the way forward for AI x blockchain.

This episode is wrapping up Chain Response’s month-to-month collection diving into completely different matters and themes in crypto. This month’s centered on blockchain and AI integrations.

Scott and I talk about House and Time’s origin story, how information warehouses work in Internet 2.0 versus web3 and the significance of knowledge transparency.

We additionally dive into:

Blockchain and AI potential
Its OpenAI and blockchain information developments
Future use circumstances for information and on-chain AI
Recommendation all through the bull and bear markets

Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform, and please go away us a evaluate in case you like what you hear!

Observe the cash

web3 gaming-focused startup Illuvium raised $12 million in a Sequence A spherical to broaden its choices
Avalanche-based Gunzilla raised $30 million to assist launch its new recreation, Off The Grid
OrdinalsBot raised over $3 million to construct out its Bitcoin blockchain-focused information layer
Reya Community raised $10 million for its trading-centric modular layer-2 blockchain
Crypto-powered on-line on line casino MyPrize raised $13 million

This record was compiled with data from Messari in addition to TechCrunch’s personal reporting.