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press release PRESS RELEASE. ForChain Labs was founded in April 2022 as a web 3 startup company. Meanwhile, the NFT project, Fortune Unicorn Club, was being developed. ForChain Labs has raised 2 million funds in its seed round and will use the funds to develop and operate Fortune Unicorn Club
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"When we first set our sights on developing a wallet on the Sui blockchain, it became our mission to evolve what a crypto wallet is. Currently, they are viewed as a place to store crypto assets, however, they have the capability to do much more,” said Eldeib in the press
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A Kenyan fintech that digitizes credit unions, Kwara, is reported to have raised $3 million via a seed extension round that was backed by DOB Equity, Globivest, and Willard Ahdritz. The latest round brings to $7 million the amount of capital that the fintech has now raised via this funding
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“Imagine being able to use your AI-based profile and putting it in any situation, like a piece of art. That has implications for games and the metaverse, inside Champions and also some other social platforms that we're interested in developing down the road,” said Whitcomb. Source
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The funding was revealed in a filing with the U.S. Securities and Exchange Commission (SEC) and the details, including Arca's participation, were confirmed by Sortium CEO Marc Seal in an interview with CryptoX. Seal didn’t specify who the other investors were, but said the group included other crypto-native firms. Source
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While self-custody is considered the ultimate way to secure one’s funds, many fail to acknowledge the risks associated with physically storing seed phrases. A search conducted by the State Police agency for Nevada ended up making a suspect’s seed phrase public after being picked up by the body cam.A viral
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Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into other African countries. Using
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Gridless brings “a socially and environmentally conscious approach to bitcoin mining, one that provides tangible benefits by way of access to electricity for communities in rural parts of East Africa,” says Alyse Killeen, Managing Partner at Stillmark, a venture capital firm. Original Source
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According to a new twitter post on Nov. 23, Bo Shen, general partner of the Vitalik Buterin-advised venture capital fund Fenbushi Capital, claime that $42 million worth of funds were drained from his Trust Wallet on Nov. 10. Shen, who grew up in China but now lives in Atlanta, says
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In August, the firm launched the $300 million CoinFund Ventures I fund to invest in crypto companies gaining commercial traction in a sector with a large total addressable market, David Pakman, CoinFund managing partner and venture investing head, told CryptoX at the time. Source
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