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The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as
The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as an asset class. The most important events of the last weeks are in the ForkLog review.
Digital asset management platform Safe, formerly known as Gnosis Safe, has raised $100 million in a strategic funding round.
Managed by 1kx crypto fund, 63 contributors include Tiger Global, A&T Capital, Blockchain Capital, Digital Currency Group, Greenfield One, Rockaway Blockchain Fund, ParaFi, Lightspeed, Polymorphic Capital, Superscrypt, a host of other companies and individuals. investors.
Proceeds will go to the Safe Ecosystem Foundation, the nonprofit organization behind the project.
The community voted in April to create a foundation and separate the platform from parent company Gnosis Ltd.
Dubai-listed firm 5ire has closed a $100 million Series A funding round at a valuation of $1.5 billion. The proceeds will be used to develop an environmentally friendly Proof-of-Benefit blockchain.
The tour was led by the Sram & Mram conglomerate. The firm plans to expand into Asia, North America and Europe while maintaining its core operations and development focus in India.
The Proof of Benefit is based on encouraging practices related to the sustainable development goals developed by the UN General Assembly in 2015.
The launch of the mainnet is scheduled for November 2022.
Miami-based startup Halborn has closed its $90 million Series A funding round.
The lead investor was Summit Partners, with participation from Castle Island Ventures, Digital Currency Group and hedge fund Brevan Howard. The startup did not disclose its valuation for the tour.
Halborn CEO Rob Behnke emphasized that the project’s focus on cybersecurity “give him some immunity to the crypto winter.” It also drew attention to the activities of hackers targeting digital assets.
Halborn currently works with Coinbase, Solana, and Ava Labs. Experts also advise Amazon, BNY Mellon, Nike, family offices and venture capital investors on risk reduction.
Blockchain gaming operator Animoca Brands has raised $75.32 million, with the company’s preliminary valuation reaching $5.9 billion.
The funding follows a January round that raised approximately $359 million. The delay for the second tranche was driven by the need for additional compliance reviews.
Companies that support Animoca Brands include Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited, and Liberty City Ventures.
The firm will use the funds raised to fund further strategic acquisitions, product development, digital property licenses and the promotion of open metadata.
Hidden Road, a lending and brokerage platform for institutional investors, has closed its $50 million Series A funding round led by Castle Island Ventures.
Investments were also provided by Citadel Securities, FTX Ventures, Uncorrelated Ventures, Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures and Corner Capital.
Developed by the startup, the platform provides real-time risk management and seamless lending across products and asset classes.
The Hidden Road series includes primary brokerage, clearing and financing using traditional and digital assets.
According to a press release, gaming-focused fintech startup Zebedee has raised $35 million in a Series B funding round led by Kingsway Capital.
Funding was also provided by Final Fantasy and other video game studios Square Enix, The Raine Group, existing investors Initial Capital and Lakestar.
Zebedee is focused on the gaming industry and allows game developers to integrate support for the Bitcoin Lightning Network micropayments network.
The startup demonstrated this ability in Valve’s Counter-Strike: Global Offensive shooter in early 2021. Players can receive rewards in bitcoin for participating in online matches.
Singapore-based gaming-focused Web3 startup Planetarium Labs has closed a $32 million Series A funding round led by NFT game developer Animoca Brands.
The tour also featured Krust Universe, the investment arm of Korean tech giant Kakao, South Korean video game developer WeMade and Samsung Next.
The startup plans to launch several games with “major game studios in the Asia-Pacific region”. Planetarium Labs also plans to expand the team from 25 to 40 people.
Decentralized commerce platform Hashflow has closed its $25 million Series A funding round. Company valuation reached $400 million.
Participants of the investment round were Coinbase Ventures, Kraken Ventures, Electric Capital, Dragonfly Capital Partners, LedgerPrime, Jump Crypto, Wintermute Trading, GSR, Kronos Research, Altonomy, Fabric Ventures, Evernew Capital and others.
The funds raised will be used to “continue scaling regardless of market conditions”.
Founded in 2021, Hasfhlow plans to launch the Solana blockchain and offer structured products before the end of 2022.
Regarding Anthony Pompliano, co-founder of Morgan Creek Digital, recruitment firm Inflection Points (formerly PompCryptoJobs) has closed a $12.6 million funding round and announced that it has acquired rival Proof of Talent.
Investments have been provided by Peter Thiel’s Thiel Capital, Fifth Down Capital, XYZ Fund, Rose Park Advisors, Blockchange, Third Prime and a number of angel investors.
The firm raised the skill level and created jobs for 4,000 professionals in the industry. Since its inception, the company has achieved positive profitability and received investments after income reached “seven digits”.
The company, which was taken over by Proof of Talent, closed 100 jobs for more than 40 startups. The terms of the deal were not disclosed.
AI-powered NFT authentication startup Optic has raised $11 million in seed funding.
Managed by Kleiner Perkins and Pantera Capital. Members include Greylock Partners, Lattice Capital, OpenSea, Circle, Polygon, CoinDCX, Neon DAO and Flamingo DAO.
Optical will use the funds to build the core AI infrastructure and expand the team. The project will launch new tools for digital artists and NFT collectors, as well as a public API for Web3 developers.
The company was founded in 2021 by former Google Product Director Andrey Doronichev, programmers Roman Doronin and Vlad Vinogradov. A startup is developing an AI engine to recognize NFT content.
Optic says it processes millions of tokens every day and matches them to determine authenticity. Automated monitoring tools keep markets, brands and NFT owners informed of results.
Also on ForkLog:
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
