Cosmos Builder Ignite, 11 VCs Put Up $150M to Invest in Multichain Crypto Teams
The accelerator includes backing from Sam Bankman Fried’s Alameda Research, KuCoin Ventures and others. Source
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VCs
Acala, VCs Commit $250M for Polkadot DeFi Investments
The advent of tokens with steady prices is what has enabled DeFi protocols on other blockchains, like Ethereum, to flourish. Activities like lending and borrowing, for instance, become far easier to execute on a blockchain when users can provide less volatile assets – e.g. stablecoins – as collateral. Source
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VCs don’t understand that Cardano has a community: Charles Hoskinson
In a recent YouTube video, Charles Hoskinson highlighted the rapid growth of the Cardano (ADA) ecosystem while clarifying the concerns raised by other members of the crypto community over the past year.“We live in a world where arbitrary groups of people get to be fact-checkers and decide what's legitimate,” said
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Crypto VCs Are Making a Big Bet on Gaming Guilds. Why?
Not surprisingly, YGG, GuildFi and Merit Circle – some of this year’s more successful crypto guilds – all have their own tokens. But even the most valued among them, YGG, has a market capitalization of $461 million, according to CoinGecko, far from the value of gaming-sector darlings AXS ($6.6 billion)
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Assembly Blockchain Receives $100M Investment From VCs, Crypto Market-Maker: Report
A group of the largest Asia-based venture capital firms and crypto hedge funds are headlining a $100 million investment to further the development of the Assembly blockchain under the IOTA network, IOTA cofounder Dominik Schiener told Reuters in an interview. Source
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VCs in Talks to Invest $50-$150M in Polygon: Report
A group of venture capital (VC) investors are in talks to back Ethereum scaler Polygon with an investment of $50 million - $150 million, according to a report from TechCrunch on Monday.Sequoia Capital India and Steadview Capital are looking to make said investment through the purchase of MATIC tokens, the
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VCs Back ‘Pawn Shop of the Metaverse’ With $3M Raise
As visions of a popularized metaverse race towards reality, venture capital firms are backing companies that offer lending and leasing services for digitally owned assets.The latest company looking to enter this futuristic market is Pawnfi, an alternative asset-lender that just raised $3 million in a funding round led by Digital
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VCs Invested Record $6.5B in Crypto, Blockchain in Q3: CB Insights
The U.S. continued to lead the world in VC funding into the industry, investing a record high of $2.97 billion in the third quarter, up slightly from the second-quarter figure of $2.87 billion and the fifth consecutive quarter of increases overall. For Q3, the U.S. was followed by Asia with
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NFT Rentals: Why VCs Are Backing a Puzzling New Project
Some non-fungible tokens (NFTs) come with exclusive perks. A project helping holders monetize those benefits – all while maintaining long-term ownership – has raised $1.5 million in a seed round led by Animoca Brands.ReNFT announced the funding round on Friday. In addition to Animoca, the year-old decentralized autonomous organization (DAO) behind
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Play-to-earn gold rush as Crypto Gaming Guild and Zebedee raise millions from VCs
Crypto Gaming United, a startup aiming to build a global community of nonfungible token (NFT)-focused play-to-earn gamers, has raised $5 million in an oversubscribed seed funding round.A Sept. 8 announcement notes the round was led by famed Australian venture capitalist Mark Carnegie and Chrono.tech CEO Sergei Sergienko — with the
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