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“# Multi-chain infrastructure network Biconomy concludes $9M investment round ” Biconomy, a multi-chain infrastructure network for decentralized applications, has concluded a $9 million private funding round that was co-led by venture firms DACM and Mechanism Capital. Ahmed Al-Balaghi, CEO of Biconomy, said his protocol has been designed to address some of the biggest challenges with…
“# Blockchain unicorn Fireblocks raises $310M ” Blockchain infrastructure provider and crypto custodian Fireblocks has secured another $310 million in strategic investments, bringing its total valuation to $2 billion and marking another major milestone for the company. Michael Shaulov, CEO of Fireblocks, told Cointelegraph that the funding would go toward expanding internal capacity, including increasing…
“# FTX smashes crypto funding record with $900m raise to become exchange decacorn ” FTX, the cryptocurrency derivatives exchange founded by Sam Bankman-Fried, has closed a $900 million funding round – highlighting once again that venture capitalists are shrugging off market turmoil in their quest to uncover quality blockchain plays. The Series B investment round…
“# Social NFT platform DeFine raises $5M from Asian investors ” DeFine, a socially-oriented nonfungible token platform, has raised $5 million in strategic investments as part of a wider effort to onboard more companies to the NFT world. The raise was led by Huobi Ventures, eSports entertainment company Abyss, and global game developer PearlAbyss, the…
“# CoinFund debuts $83M crypto startup fund ” CoinFund, a blockchain investment firm behind several recent venture raises, has closed an $83 million funding round as part of its ongoing initiative to bootstrap promising crypto-focused startups. The oversubscribed fundraise was led by Venrock, a California-based venture capital firm founded in 1969. CoinFund said several other…
“# Bitcoin interoperability platform Interlay raises $3M in seed funding ” Interlay, a Bitcoin (BTC) interoperability project that first launched on Polkadot, has concluded a $3 million seed round to further develop its flagship decentralized finance product, marking another important capital raise in the blockchain industry. The funding will go towards supporting Interlay’s interBTC platform,…
“# Phantom raises $9M to launch multi-chain crypto wallet ” Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet designed to help decentralized finance (DeFi) users access decentralized applications (DApps) across multiple blockchains. The raise comes on the heels of a successful beta launch in April…
“# Blockchain security firm CertiK raises $37M to combat DeFi and crypto risks ” Blockchain security firm CertiK announced Wednesday that it has received $37 million in fresh financing to expand its product and security capabilities for the cryptocurrency and DeFi industries. “We’re proud to advance transparency in the space by providing the tools and…
“# Nifty’s Inc. launches social NFT platform with Warner Bros. partnership ” The debut of Nifty’s social NFT platform came with much fanfare on Monday after the company announced a major partnership with Warner Bros. and $10 million in seed investments from some of blockchain’s biggest venture firms. Through its Warner Bros. partnership, Nifty’s will…
“# DeFi on Solana: Solrise raises $3.4M for non-custodial asset management ” Solrise Finance, a decentralized finance (DeFi) protocol for the Solana network, has successfully concluded a $3.4-million raise for its non-custodial asset management platform, offering further evidence that the venture capital world continues to seek broad exposure to the digital asset market. Some of…