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Former Polychain Capital general partner Tekin Salimi has launched a new blockchain-focused investment fund that will eventually be converted into a founder-owned decentralized autonomous organization (DAO), offering a novel way for startup leaders to be rewarded for their contributions. The $125 million fund, known simply as “dao5,” will invest in blockchain
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The project wants to bridge the worlds of DeFi and NFT. Source
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Backed by industry heavyweights, a governance proposal for Anchor aims to make the largest DeFi protocol on Terra more sustainable. Original Source
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KurateDAO is looking to use “cryptoeconomic games to curate the world’s information.” Original Source
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“We are designing and launching fashion items as NFT collections, which is ongoing,” Space Runners CEO Deniz Özgür said in an interview. “But we are also launching the first phase of our fashion metaverse. Rather than just an urban cyber style, we are giving more weight to beauty and aesthetics,
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Astar Network, a parachain of the Polkadot network, received $22 million in strategic funding from crypto venture capital firms Polychain and Alameda Research.Astar will use the funding for geographical expansion, the company said in a press release on Friday.Other investors in the round were Alchemy Ventures, Animal Ventures, Crypto.com Capital,
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Private bartering blockchain Anoma Network has raised $26 million (24 million Swiss francs) from some of crypto’s biggest venture funds as it seeks to reimagine the age-old practice of exchanging goods without using money. Anoma Network will use the proceeds to advance its proof-of-stake blockchain, which has been designed to facilitate
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Portfolio management in decentralized finance (DeFi) remains a highly manual and, at times, costly process, especially on platforms like Uniswap v3 where “concentrated liquidity” means that a user might have their position liquidated entirely to one side of a pair being traded.However, Sommelier is working to change that. The Ethereum-based
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The round was led by North Island Ventures with participation from Polychain Capital, Reciprocal Ventures, Leminscap, CMT Digital, Free Company, Alameda Ventures, Infinite Capital, Flow Ventures and Drops Foundation, the company announced on Tuesday. Source
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Avalanche, a smart contract-enabled cryptocurrency, has received a $230 million investment from a group of VC companies. The funding round, which is being described as a private sale, was led by Polychain and Three Arrows Capital, with the participation of other companies. This investment will give these companies participation in
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