Crypto Biz: Smart Money is betting big on Web3, layer 2, May 19-25
Despite the apparent bear market in digital assets, venture capital continues to allocate billions to crypto and blockchain startups. Go to Source Powered by WPeMatico
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Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund
Polkadot parachains posted double-digit gains after partnership announcements, protocol integrations and a stablecoin development fund caught the attention of the crypto investors. Go to Source Powered by WPeMatico
Singapore venture firm launches $100M Web3 and metaverse fund
The startup fund, which is backed by Babel Finance and Huobi Ventures, will back emerging projects that are building for the Web3 and metaverse economies. Go to Source Powered by WPeMatico
StarkWare nets $100M as investors bank on layer-2 success
Ethereum layer-2 developer StarkWare raises a further $100 million despite a gloomy outlook for the cryptocurrency space. Go to Source Powered by WPeMatico
WeWork founder reinvents himself with $70M crypto carbon credit platform
Coworking space founder and billionaire Adam Neumann is trying his hand in the crypto space, raising $70 million for his blockchain-powered climate tech platform Flowcarbon. Go to Source Powered by WPeMatico
ADDX bags $58M to reduce min. private investment by 10x via smart contracts
ADDX uses blockchain technology and smart contracts to tokenize and fractionalize private markets, including pre-IPO equity, private equity, and hedge funds and bonds. Go to Source Powered by WPeMatico
How to incorporate a DAO and issue tokens to be ready to raise money from VCs
While DAOs can’t precisely replace traditional VCs, they can potentially disrupt the crypto industry. Go to Source Powered by WPeMatico
Cardano accelerator program Genius X ISPO nets $105 million in ADA
Cardano-based accelerator program Genius X continues to attract ADA delegators after the launch of its ISPO. Go to Source Powered by WPeMatico
Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX
Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the participation of Pantera Capital and FTX Ventures. Kevin Lin, CEO of the company and co-founder … Read more
Aurora launches $90M fund to finance DeFi apps on Near Protocol
Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers. Go to Source Powered by WPeMatico
