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The cryptocurrency industry is attracting a growing 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 a growing 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.
Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has raised $450 million in a $4 billion valuation round.
Managed by a16z with contributions from Animoca Brands, LionTree, Sound Ventures, Thrive Capital, FTX, MoonPay and more.
The company will use the funds raised to scale the team and fund future developments, including the Otherside metaverse.
The NEAR Protocol team has completed a $350 million funding round led by venture capital fund Tiger Global, with participation from Republic Capital, Hashed, FTX Ventures, Dragonfly Capital and other investors.
The funds raised will be used to increase the number of regional centers in key community centers around the world.
According to the team, there are nearly 300 apps running on the NEAR platform, with over 200,000 community members worldwide.
US-based bitcoin exchange Binance has raised $200 million in an initial venture capital funding round. Binance.US preliminary valuation reached $4.5 billion.
RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures, Gaingels, Gold House and a number of other investors participated in the company’s initial external financing.
Funds raised on Binance.US will be used to develop the spot trading platform, expanding the range of products and services as well as marketing and education initiatives in the short term.
British startup Improbable has raised $150 million to build an interoperable M² metadata network.
The funding round was led by a16z and SoftBank Vision Fund 2. It also included Mirana, Digital Currency Group, CMT, SIG, and Ethereal Ventures.
Improbable helps various platforms implement Web 3.0 elements and initiate metadata transfers based on proprietary solutions.
Crypto-focused firm gumi Cryptos Capital (gCC) has raised $110 million to invest in early-stage startups. This was reported in a press release.
The company primarily specializes in DeFi, metaverse, gaming and DAO.
gCC plans to invest between $500,000 and $5 million in each new project through both equity investments and token purchases.
GCC representatives noted that the value of the assets of the first fund (Fund I) in the portfolio of 36 companies rose from $21 million to $516 million. In its seed funding round, the firm invested in OpenSea as well as Celsius Network and DeFi platform 1 inch.
Dave announced a strategic partnership with FTX US. As part of the collaboration, FTX Ventures, a trading platform-linked investment fund, will invest $100 million in the digital bank.
Dave develops a banking app where you can open an account, issue a debit card, and receive a small amount of money in installments.
Startup CEO Jason Wilk stated that cryptocurrencies are being integrated into the app as part of a partnership with FTX.
Focusing on second-tier solutions to scale Ethereum, the Boba Network project raised $45 million. Investors valued the platform at $1.5 billion.
The Series A funding round was conducted in the form of a token sale. The meeting was attended by Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Dreamers VC led by Will Smith, M13 Ventures and nearly 400 other investors.
The founder of the project, Alan Chiu, said that the funds raised will allow to increase the team, provide grants to developers, as well as intensify marketing efforts.
The Fractal NFT platform on the Solana blockchain has closed a $35 million seed funding round.
The investment round was led by Paradigm and Multicoin Capital, with participation from a16z, Solana Labs, Animoca Brands, Coinbase and others.
The funds raised will be used to expand the development team.
Analyst firm Coin Metrics has closed its $35 million Series C funding round.
The investment round was led by BNY Mellon and Acrew Capital, with participation from Goldman Sachs, Fidelity Investments, Morningside Technology Ventures, Cboe Global Markets, JAM FINTOP Blockchain, Mubadala Investment Company and Brevan Howard Digital.
Funding was also provided by previous investors – Coinbase, DCG, Dragonfly Capital, Castle Island Ventures, Highland Capital Partners, Avon Ventures, Communitas Capital, Collab+Currency, The Raptor Group, BlockFi and Animal Ventures.
Funds raised by Coin Metrics will be used to offer innovative products for data analysis in the crypto industry and expand operations in international markets.
Asset manager Moneybox has raised £35m (~$45.8m) in Series D funding from Fidelity Investments, Polar Capital and former investors.
The funds will help the firm grow its client base, increase its ETF offering, and offer services for investing in digital assets.
The piggy bank has close to £3 billion in assets managed from 800,000 clients.
Haun Ventures, which is affiliated with former a16z general partner Katie Haun, has raised $1.5 billion in two Web 3.0-focused crypto funds.
Funding was provided by a16z, some of the firm’s partners, foundations, charities and family offices.
Haun Ventures focuses on developer tools, comprehensive NFT services and digital asset taxation software.
$500 million will go into the structure for investments in startups with $1 billion at an early stage to build an accelerator. Investments are expected to be made in both stocks and tokens.
Also on ForkLog:
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.
