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Polymer is still in its early days and does not yet have a token, but development will eventually be governed by PolymerDAO, a decentralized autonomous organization that will allow token-holders to vote on proposals determining the future of the protocol. According to a press release from the company, PolymerDAO will
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South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange.With this latest round of funding, VALR’s valuation has increased to $240 million, a 10X in growth since it raised its $3.4 million in a Series
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“Just as AWS has made it easy for companies to deploy applications across servers, storage, and databases, InfStones is making it simple to deploy nodes, APIs, and other services,” said Dragonfly Capital Partner Tom Schmidt in a press release. “Their platform helps reduce the barriers to entry for new companies
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Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others.BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify wash trading warnings, and determine whether an NFT is a copy
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The new capital will be used to scale operations, including platform and blockchain tech development, Ucollex board member Roberto Grande told CryptoX in an email. The funding will also help drive marketing efforts related to significant intellectual property (IP) partnerships, which will be announced soon. Source
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“You need three basic things to make a DeFi application work, and we provide all of them: 1. liquidity/money in the protocol, 2. software that sends the transactions and runs the blockchain, and 3. computers to run it on, in our case specialized hardware that is designed for this use,”
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On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn
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Web 3 fantasy sports game from Fast Break Labs also saw investment from League of Legends developer Riot Games’ Thomas Vu. Original Source
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Funds will be used for developing new technology, team expansion and potential acquisitions, the company said. Original Source
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Fintech startup Flutterwave announced recently that it has raised $250 million from its Series D funding round. The funding round, which attracted international investors, saw the startup’s value rise to over $3 billion. Capital Raised to Fund Flutterwave’s Expansion Plans The Nigerian fintech startup Flutterwave recently announced it raised $250 million
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