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“# TON Labs raises $6M in support of Free TON blockchain ” TON Labs, the development arm behind the Free TON blockchain, raised $6 million through an investment round led by venture capital firm Runa Capital. The funding will go toward building out a new product environment for the Free TON blockchain, which the company…
“# Crypto industry got more funding in Q1 2021 than all of last year: report ” Cryptocurrency and blockchain-related companies have already received more funding this year than in all of 2020, according to a new report. In the first quarter of 2021, 129 startups focusing on crypto and blockchain technology have received a total…
“# Coinbase Ventures backing DeFi in the Polkadot ecosystem ” Coinbase Ventures, the investment arm of the San Francisco-based digital currency exchange, has thrown its weight behind a layer-one blockchain designed to bring full-service DeFi to the Polkadot ecosystem. The investments are focused on Acala, the Ethereum Virtual Machine-compatible blockchain that is building a host…
“# Draper Goren Holm adds Tezos startups to its $25M venture fund ” Blockchain venture studio Draper Gorem Holm has announced plans to incubate Tezos-based startups as part of its $25 million venture fund, highlighting its conviction in the smart contract platform. The venture fund, called Fund 1, was launched in October 2020 as a…
“# eGirls in the C-Suite: The ‘simposium’ storming crypto venture capital ” One of the toughest puzzles in crypto is figuring out what to take seriously. On Friday, the DeFi Alliance — a decentralized finance startup incubator and accelerator — announced a list of 11 new members. Some were predictable, such as oracle provider Chainlink…
“# Recur raises $5 million for perpetual cross-platform NFT royalties ” Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties? NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a…
“# VCs bet big on layer-two as StarkWare raises a staggering $75 million ” As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others. The team…
“#David Dobrik leaves Dispo board amid Vlog Squad rape scandal” YouTube star David Dobrik has left the board of his photo-sharing app Dispo after a former member of his online comedy crew was accused of rape. Dobrik’s departure was the latest fallout from the allegations against his longtime friend Dominykas Zeglaitis, who was part of…
“# Alchemix announces $4.9 million raise led by CMS, Alameda, and e-Girl Capital ” A fast riser in the decentralized finance (DeFi) world has announced a $4.9 million raise today led by major industry venture capital groups — as well as some unusual, upstart players. Alchemix, a DeFi lending protocol whose loans automatically repay themselves…
“# Badger DAO announces $21 million treasury diversification via VC partners ” Some major venture capital names are ‘sett’ to join the Badger DAO community. Bitcoin on Ethereum-focused decentralized finance (DeFi) protocol Badger DAO announced today a $21 million sale of DAO treasury assets to four major investors: Polychain Capital, Parafi Capital, Blockchain Capital, and…