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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.
Aptos’ “Scalable Blockchain for Billions of People” team has closed its $150 million Series A funding round.
Apollo was led by FTX Ventures and Jump Crypto, with contributions from Griffin Gaming Partners, Franklin Templeton, Circle Ventures, Temasek’s Superscrypt, Andreessen Horowitz, and Multicoin.
“Aptos can be a solid foundation for Web3. It will enable users from all over the world to experience the benefits of decentralization,” said Mo Shaikh, CEO of the project.
Including a seed round in March 2022, the startup has raised $350 million.
Decentralized domain registrar Unstoppable Domains has closed its $65 million Series A funding round. Investors valued the initiative at $1 billion.
The round was led by venture capital firm Pantera Capital. Participants include Alchemy Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, and others.
The funds raised will be used to foster product innovation and expand partnerships in the Web3 space.
Unstoppable Domains is an NFT domain provider. Each name is an unalterable token (NFT) broadcast on the Polygon network. According to a press release, the service has registered 2.5 million names, including “.bitcoin”, “.nft” and “.dao” regions.
IP-focused startup MarqVision has closed its $20 million Series A funding round.
DST Global Partners, Atinum Investments, Softbank Ventures, Bass Investment and Y-Combinator participated.
MarqVision is positioned as: Software as a ServicePlatform based on artificial intelligence. The system monitors the e-commerce and NFT markets for counterfeit goods.
Topl, a blockchain-based solution for tracking and monetizing social performance initiatives, has raised $15 million in a Series A funding round.
Mercury was co-edited by Republic Asia and Cryptology Asset Group. The company’s founder, Chris Jorgen, said it raised $5 million during the seed round in 2020.
The project helps businesses that try to pursue products that comply with sustainable development principles and take into account social impact.
The funds raised will be used to recruit new employees and fulfill three key aspects of the roadmap: transferring control to the blockchain community and launching traceability and registration-as-a-service applications for carbon credits.
Cryptocurrency exchange KuCoin has raised $10 million in strategic investment from US trading firm Susquehanna International Group.
The funds raised will be used to upgrade the platform infrastructure, expand the product line and hire employees.
KuCoin plans to launch new services in Asia, Europe and other regions.
Root Protocol, the marketplace project for financial markets, forecasting and trading, has raised $9 million in a seed funding round.
Road Capital, Nima Capital, Soma Capital, Manifest Crypto and other investors participated.
Root is built on top of the Beanstalk stablecoin protocol, which lost approximately $181 million as a result of a control system hack in April.
Beanstalk is issuing a leveraged “stablecoin” Bean. Investors buy the protocol’s interest-bearing debt.
The root team is looking to expand the use of the coin with new markets such as interest rate swaps for returns or betting platforms.
The funds raised will be used for direct investment in Beanstalk and oversight of its own protocol.
The Bean issuer plans to relaunch on August 6. Root developers expect to launch their products in October.
Music NFT platform OneOf has raised over $8 million in strategic investment.
Amex Ventures, Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund and others took part in the round. Considering the new investment round, the amount of funding provided by OneOf exceeded $72 million.
The company describes itself as a “green NFT platform” powered by the Tezos blockchain designed for the music community.
Blockchain data startup Coherent, founded by former Coinbase employee Carl Cortright, has raised $4.5 million in a seed funding round.
Investments were provided by Kindred Ventures, Matchstick Ventures and Foundry Group. Other contributors include Coinbase Ventures, Alchemy, Chapter One, and Dan Romero, one of the first employees of the American bitcoin exchange.
Courtright founded Coherent in April 2022 after spending four years at Coinbase. He served as a senior software engineer at the company and was a member of the venture division.
According to him, Coherent is working on an API that will allow developers to build apps and deliver new features using their data.
According to him, the platform will attract the next billion users to the crypto industry. The five-person team plans to launch the vehicle in September.
Investment firm Dragonfly Capital is leading the Debt DAO’s $3.5 million initial round.
Financing was also provided by GSR, Numeus and Fasanara Capital. Six angel investors participated, including former Coinbase CTO Balaji Srinivasan and Chainlink Labs’ David Post.
Debt DAO positions itself as a decentralized marketplace for the DeFi industry that brings together all elements of the debt finance ecosystem.
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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.
