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Blockchain-enabled play-to-earn game Axie Infinity is raising approximately $150 million in a Series B capital round at a $3 billion valuation, according to reporting on Monday by The Information.Citing two unnamed sources “with direct knowledge of the deal,” The Information wrote that venture giant Andreessen Horowitz is leading the round.The
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The past two days following the weekend close have not been the best for Ethereum. Along with the broader crypto market, the digital asset has suffered numerous dips that saw it break below $3,000 for the first time in a month. Although recovered back above $3,000, Ethereum continues to have
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NBA Top Shot, the crown jewel of Dapper Labs’ suite, has seen exponential growth in the past year, with $780 million worth of collectibles traded on the platform across 1.1 million registered accounts in 2021. (Dapper’s initial flagship, CryptoKitties, has also seen a recent bump in trading activity.) Original Source
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SoftBank Vision Fund 2 led the Series B, which also included Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital. Seed investors Boldstart Ventures, Goldman Sachs, Greenspring Associates, Kenetic, Kraken Ventures, Borderless Capital and others upped their investments in this latest round. Original Source
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Recently Cryptox.trade News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition to this exponential increase, the decentralized stablecoin DAI’s market capitalization has also swelled significantly as DAI’s market valuation jumped more than 800% during the last
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The Central Bank of Nigeria (CBN)’s director of monetary policy, Hassan Mahmud, has suggested that the institution is not worried about the naira’s valuation but is instead interested in “boosting dollar supply on the currency market.” Naira Depreciation According to a report, Mahmud’s remarks were made just a day after the
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The original Doge meme NFT has soared to a valuation of around $220 million following its successful fractionalized token sale this week. Ludicrously high prices for in demand NFTs are the flavor of the week, with Sotheby’s new Bored Ape Yacht Club NFT auction predicted to fetch up to $18
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Canada-based Bitcoin (BTC) infrastructure firm Blockstream, co-founded by cryptographer and cypherpunk Adam Back, has hit unicorn status with its latest valuation at $3.2 billion.The company, which focuses on various Bitcoin-related areas — including operating as a mining service provider and developing renewables-based infrastructure intended to “green” the veteran cryptocurrency — has
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Vienna-based cryptocurrency broker Bitpanda has closed its third major private financing round led by Peter Thiel’s Valar Ventures. Raising $263 million, and drawing in new investments from British billionaire hedge fund manager Alan Howard and REDO Ventures, the company is now valued at $4.1 billion. That’s three times its last valuation
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Popular social media platform Reddit has gained $4 billion in value since its last funding round earlier this year in February.Six months ago the firm raised $250 million in Series E funding at a valuation of $6 billion. In the latest move, Reddit announced a Series F funding round on
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