Tag: funding

Uniswap Foundation targets $62M in additional funding

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Decentralized exchange (DEX) Uniswap is seeking an on-chain vote to approve the second tranche of the $74 million funding for its developer Uniswap Foundation. According to the September 27 announcement, the second tranche of funding, with a buffer of 10% for price volatility, is worth an estimated $62 million and will be decided via an on-chain vote on October 4. If approved, the funds will be used for operations and research grants. The Uniswap Foundation is responsible for growing core protocol metrics, building a pipeline for innovation, and aligning incentives…

Sierra Space Commercial Company to Close $300M Funding Round at Valuation of $5B

With the new funds, Sierra Space intends to extend its flight activities to the space station and also focus on commercializing the lower earth orbit at scale for affordable operations. Privately held commercial space company Sierra Space is reportedly about to close a funding round with $300 million at a total market valuation of about $5 billion. According to a report by media outlet CNBC, the Colorado-based aerospace company will announce the closure of the funding round before the end of this week, according to people familiar with the matter.…

Ethereum Funding Rates Turn Deep Red, What Does It Mean?

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Data shows the Ethereum funding rates have been quite negative in recent days. Here’s what this could mean for the cryptocurrency’s price. Ethereum Funding Rates Have Been Under The Zero Mark Recently As explained by an analyst in a CryptoQuant post, a short squeeze may be a possibility for the asset currently. The “funding rate” is an indicator that keeps track of the periodic fees that traders on the futures market are exchanging with each other. When the value of this metric is positive, it means that the long contract…

Former Andreessen Horowitz execs launch Bastion after $25M funding round

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Two former executives from Andreessen Horowitz (a16z)’s crypto division have managed to raise $25 million in seed funding for their newly launched Web3 startup Bastion — despite the recent drought in venture capital funding.  On Sept. 18, the new firm, Bastion, announced the launch of its product suite. The firm’s goal is to enable companies to integrate Web3 infrastructure into their existing enterprise technologies. Bastion was co-founded by two former executives with a16z’s crypto division, including former chief technology officer Riyaz Faizullabhoy and former chief security officer Nassim Eddequiouaq who…

Blockchain Capital secures $580m funding for defi and crypto gaming ventures

Blockchain Capital secures a record $580 million in new funding to invest in emerging and later-stage crypto initiatives, focusing on decentralized finance, gaming, and blockchain infrastructure. The freshly obtained investment will be channeled towards budding and innovative startups specializing in diverse crypto sectors. This includes the trending decentralized finance (DeFi), crypto gaming, and the foundational infrastructure of these domains. We’re thrilled to share the closing of 2 new funds – our 6th early stage fund and 1st opportunity fund. Together, they total $580 million and serve to reinforce our commitment…

Polkadot community PolkaWorld halts operations after failed funding bid

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Polkadot community PolkaWorld has announced that it has halted its operations after the community’s proposal to get funding from Polkadot’s treasury was rejected. The organization raised several concerns about the project’s treasury management and made several claims in a recent announcement.  In a post published on PolkaWorld’s official X (formerly Twitter) account, the organization claimed that the treasury management under Polkadot’s new open governance platform, OpenGov, is affecting long-term contributors to the Polkadot ecosystem. According to PolkaWorld, many organizations are being rejected by the treasury and are leaving the Polkadot…

Germany’s blockchain funding increased by 3%, report says

The Crypto Valley Venture Capital (CVVC) has released the German Blockchain Report 2023. It shows a significant increase in blockchain funding within the country. The report analyzes the performance of the blockchain sector in Germany from Q3 2022 to Q2 2023. It shows that the German blockchain sector had a 3% year-on-year increase in funding in the blockchain industry. Germany had a total investment of $355 million in venture capital funding over 34 deals. The report also highlighted that the country reached its record on global funding, attracting 2.4% of international blockchain…

AI startup Helsing raises $223 million in Series B funding for defense solutions

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European artificial intelligence (AI) defense company Helsing revealed on Thursday, Sept.14, that it secured $223 million (approximately 209 million euros) in Series B funding, with General Catalyst, a venture capital firm, taking the lead. Swedish aerospace and automotive manufacturer Saab also participated as a strategic investor. The company emphasized its commitment to advancing AI technology for the safeguarding of democratic nations. Helsing co-founder Gundbert Scherf said in a statement: “We founded Helsing because we believe that AI will be essential so that democracies can continue to defend their values, Our…

Germany’s blockchain funding increases 3% amid market downturn: Report

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Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC).  Within CVVC’s report titled “The German Blockchain Report 2023,” the country’s blockchain sector recorded a total of $355 million invested across 34 deals. This represents a 3% year-over-year (YoY) increase in funding for the Western European country, according to the CVVC. State of German venture capital funding in 2023. Source: CVVC Apart…

Crypto VC funding rebounds in August, climbing 20% to $660m

Crypto venture capital investments surged by 20% in August, reaching $660 million, up from $550 million in July. In a potential shift of tides, the crypto venture capital sector witnessed a slight uptick in funding during August despite the ongoing bear market. The latest data suggests that while the number of projects securing funds has decreased, the total amount of funding has risen. According to a Sept. 7 monthly report by Wu Blockchain, the venture capital investments in the crypto space amounted to $660 million in August, marking a 20%…