Reports Bored Ape creator in talks with A16z: Potential valuation $5B
Garnering interest from one of Silicon Valley’s top VC’s, Bored Ape Yacht Club creator Yuga Labs, may be eyeing a $5 billion valuation. Go to Source Powered by WPeMatico
a16z
Auto Added by WPeMatico
Solana’s Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status
On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with a post valuation of $1.2 billion in value. Solana Web3 Wallet Phantom Raises $109 Million The Phantom wallet team has raised $109 million in a … Read more
Report: A16z to Raise $4.5 Billion for Crypto Investments
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year. A16z to Double Down on Crypto … Read more
Blossom Capital’s Newly Launched $432 Million Fund to Focus on Crypto Startups
Blossom Capital, the London-based venture capital firm founded by Candice Lo, Imran Ghory, Mike Hudack, and Ophelia Brown plans to dedicate more funds to the growing cryptocurrency ecosystem. On January 18, Blossom announced a new fund worth $432 million, and a third of the capital will be distributed to early-stage crypto firms. A Third of … Read more
Near Foundation Raises $150 Million to Bolster Web3 Adoption
On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind … Read more
Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows
Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all … Read more
Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure
“We believe fundamental limitations in existing crypto infrastructure are frustrating broader adoption of web3,” said Mysten’s team, citing the scalability of existing chains as well as the lack of interoperability of many smart contracts. Go to Source Powered by WPeMatico
NFT music marketplace Royal raises $55M in Series A round
Main investors include VC giant Andreessen Horowitz, in addition to musical artists The Chainsmokers, Nas, and Disclosure. Go to Source Powered by WPeMatico
Mythical Games Raises $150 Million in Series C Funding Round Led by A16z
Mythical Games, a blockchain-based gaming company, has raised $150 million in its series C funding round. The round was led by A16z, who is aggressively investing in these kinds of crypto initiatives. It also had the participation of other companies like D1 Capital, Redbird Capital, The Raine Group, as well as from well known cryptocurrency … Read more
Web3 Infrastructure Provider Alchemy Raises $250 Million in Funding Round Led by a16z
Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round was led by a16z, which considers we are at a turning point in the web3 space. The company has multiplied its revenue by 15x in … Read more
