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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.
DeFi protocol Injective Protocol has raised $40 million in a funding round to accelerate Web3 adoption and development.
The tour featured billionaire Alan Howard’s Brevan Howard Digital and Jump Crypto.
“We want to be in the best position in the bear market to create and support new developers and take advantage of these opportunities,” said project founder Eric Chen.
Funds raised by Injective Protocol will go towards the development of the project ecosystem, INJ token and Web3 technologies.
NFT-focused media distribution platform Pinata has raised $21.5 million from Pantera Capital, Greylock, and other investors.
According to Kyle Tut, Pinata’s co-founder and CEO, that amount was $18 million in Series A funding and a $3.5 million initial round.
They were led by Pantera Capital, Greylock and Offline Ventures, with participation from Volt Capital, OpenSea and Alchemy.
The funds raised will be used to augment the team and improve the infrastructure, making it “faster, more stable and able to support the next generation of NFT”.
The company provides an infrastructure based on the IPFS protocol to build and support NFT markets, metaversions, Web3 applications and other crypto projects.
The platform allows you to manage and monetize media files on a wide variety of blockchains including Ethereum, Solana, Polygon, Avalanche and Algorand.
The firm’s clients include a number of well-known industry players, including OpenSea, DraftKings, Protocol Labs and Yuga Labs. The total number of platform users reached 240,000.
Fractional’s NFT fractionation platform has changed its name to Tessera. The company also announced the closing of its $20 million Series A funding round.
It was led by Paradigm. Participants include Focus Labs, Uniswap Labs Ventures, E Girl Capital, Yunt Capital and more than 50 business angels.
According to Tessera CEO Andy Chorlian, the old name, while obvious, “didn’t get stuck in users’ minds”.
He said it’s not just about a name change, but a new approach to the collective ownership of digital collections. In the new iteration of the protocol, the platform aims to offer the shares in the form of NFTs.
CreatorDAO, a decentralized organization that provides financial and technological support to authors, has raised $20 million in its seed funding round.
Managed by venture capital funds a16z and Initialized Capital. Other investors include 2 Ventures, M13, Audacious Ventures, 6th Man Ventures, Abstract Ventures, SV Angel, Paris Hilton and The Chainsmokers duo.
CreatorDAO invests in creators for a percentage of their future earnings.
Blockchain startup .bit has completed a $13 million Series A funding round led by CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital and SNZ.
The funds raised will be used to expand the development of the team and partnerships as well as the community.
One of the main current tasks of the project is to ensure the acceptance of .bit domain names among the DAO.
The team also reported that it has registered more than 110,000 accounts with approximately 38,000 crypto addresses.
Blockchain infrastructure developer for gamers Lysto has raised $12 million in a pre-Series A funding round.
It was led by venture capital firms Square Peg, Beenext and Hashed. Investors also included Tiger Global, Better Capital, former Coinbase CTO Balaji Srinivasan, Pantera Capital partner Paul Veraditakit, Flipkart co-founder Binny Bansal, CoinGecko co-founders Bobby Ong and TM Lee.
As part of the deal, Square Peg partner Tushar Roy became a board member of Lysto.
The startup provides players with tools to verify blockchain credentials. The project team will spend the investments received on the development of the so-called proof-of-play protocol. It will help players digitize their credentials online, using them as online certifications to form teams and participate in tournaments.
The Lysto protocol is currently in beta testing at Polygon. According to Sadiq Ahamed, founder and CEO of Lysto, the project plans to support almost all blockchains in the future. The expansion will launch with Solana, ImmutableX, and Flow.
Ahamed added that Lysto caters to both Web3 and web gamers, allowing traditional players to authenticate their credentials through the protocol.
Venture capital firm Lightspeed Venture Partners spearheaded a €12.5 million ($12.8 million) Series A funding round for the Unstoppable Finance initiative.
It also included Speedinvest, Rockaway Blockchain Fund, Backed VC, Inflection, Discovery Ventures, Fabric Ventures, and Anagram.
The project is preparing to launch a DeFi Ultimate unsupervised crypto wallet with the ability to connect directly to yield protocols and decentralized exchanges.
The investment will allow the startup to expand its presence in the US market. According to them, there are more than 300,000 pre-registrations on the waiting list.
Initially launched on the Solana blockchain as an iOS app in the EU, Unstoppable Finance plans to implement Ethereum interoperability later in 2022 and launch an Android version of the wallet.
Web3 infrastructure provider Ankr has attracted strategic investment from the venture arm of Bitcoin exchange Binance.
Ankr will use the funds to improve its RPC service and develop a range of developer tools, including the Liquid Staking SDK, Web3 Gaming SDK and App Chains As Service.
According to the statement, an undisclosed amount of investment from Binance Labs follows the provider’s significant contribution to the development and maintenance of the BNB Chain ecosystem.
The Ankr team created the core infrastructure of the network, including the Erigon client upgrade, the archive node upgrade for the blockchain, and the BNB Application Side Chain (BAS) scalability solution.
Sources told The Block that the Messari team is in the process of raising $35 million, with the analysis company’s valuation likely to rise to $300 million for this round.
Company founder Ryan Selkis declined to comment on a possible tour. He stressed that the company doesn’t need money and “never spends a penny of investor capital when scaling up to 130 people.”
“We continue to build the largest subscription crypto business and focus on preparing for the launch of a number of new products on the Mainnet. [конференция, организованная Messari] It’s September of this year,” said Selkis.
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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.
