Tag: 10M

Blockchain-based Distribution Protocol TravelX Raises $10m in Seed Round

TravelX, a company focused on using blockchain technology for distribution in the travel industry, has raised $10 million in a seed round led by Borderless Capital. The new funding raised will be used for a blockchain-based distribution protocol that the company will launch later this year. The protocol price allows airlines of all kinds and travel suppliers to tokenize inventory and create new distribution models and new use cases. Other investors include Algorand, Draper Cygnus, Myelin Capital and Monday Capital. Juan Pablo Lafosse, CEO of TravelX, said he is excited to…

Ethereum’s ‘consensus layer’ contract hits 10M ETH staked

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Quantitative analysis conducted on popular blockchain site Etherscan indicates that 184,441 transactions have been responsible for 10.2 million Ether (ETH) staked into the Eth2 (consensus layer) deposit contract since inception on Nov. 4 last year. This figure is equivalent to over $26 billion, based upon current Ethereum prices. Mathematical calculations suggest that the milestone was surpassed during block 14348729 in the evening of March 8, identified by mainstream cryptocurrency publications and community advocates in the last few hours. In late January of this year, the Ethereum Foundation published an alteration to the network’s…

Space Runners Raises $10M Funding to Democratize Blockchain-Backed Fashion Metaverse

Space Runners, a major metaverse fashion brand focused on NFTs, announced on Monday that it raised $10 million in a funding round co-led by Polychain and Pantera Capital. In this round, other firms, including Accel and Jump Crypto as well as other investors such as Yat Siu (Co-founder and Chairman of Animoca Brands), and Justin Kan (Co-founder of Twitch and Fractal) also participated in the funding. Space Runners said that it plans to use the fresh funding to expand its two business lines (Fashion items and Fashion Metaverse). Space Runners…

Pantera and Polychain Lead $10M Bet on Metaverse Fashionistas

“We are designing and launching fashion items as NFT collections, which is ongoing,” Space Runners CEO Deniz Özgür said in an interview. “But we are also launching the first phase of our fashion metaverse. Rather than just an urban cyber style, we are giving more weight to beauty and aesthetics, and we’ve been collaborating with some of the most popular fashion agencies in New York.” Source

NFT infrastructure startup Rarify raises $10M from Pantera Capital

NFT infrastructure startup Rarify has raised $10 million in Series A funding from Pantera Capital at a valuation of $100 million. The backing from Pantera Capital appears significant as the company is one of the top venture capital firms in crypto. One of Rarify’s primary offerings is an NFT-commerce-focused application programming interface (APIs) that enables firms to launch and integrate user-friendly marketplaces in their platforms. The API also allows minting and porting NFTs between different blockchains. Speaking with Forbes on March 3, Rarify co-founder Revas Tsivtsivadze stated that the company…