The Daily Scrypt

Kaito, a web3-oriented search engine that utilizes artificial intelligence, has recently secured $5.3 million through a seed funding round, as per a recent TechCrunch article. The funds raised will be allocated towards expanding the team and expediting the development of the product. The fundraising round saw participation from several notable investors, such as Sequoia Capital China, Jane Street, Folius Ventures, Alpha Lab Capital, Mirana Ventures, with Dragonfly Capital serving as the lead investor.

Although Mark Zuckerberg’s virtual reality division is losing money, one country is finding the technology useful: Colombia was the first country in the world to host a court hearing in Meta’s metaverse last week.

The “The Matrix” star argued that ignoring cryptocurrency due to its volatility will actually make it stronger “in terms of how it is safeguarded.”

Strong crypto regulation is required, according to Federal Reserve Vice Chair Lael Brainard and U.S. Treasury Secretary Janet Yellen. While Brainard issued a warning that problems from one platform are “spilling over into others,” Yellen said that the FTX collapse reveals “the flaws” of the whole cryptocurrency market.