Tag: funding

HyperPlay raises $12M in Series A funding round

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On June 8, HyperPlay — a Web3-native game launcher — said it closed its Series A funding round after raising $12 million from investors, including co-leaders Griffin Gaming Partners and Bitkraft Ventures.  Other investors include MetaMask’s parent company ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures and Monoceros Ventures. HyperPlay, which was established in November 2022 by MetaMask and Game7 DAO, says its platform tackles the Web3 gaming interoperability challenge “head-on,” providing interoperability for Web3 gaming, and allowing developers to work without being bound by centralized entities like Apple, Google and…

Life Insurance Denominated in BTC? Meanwhile Sets Up Shop With $19M Funding

The Bermuda Monetary Authority-licensed company said it raised the funds across two seed rounds. The first was co-led by Sam Altman, CEO of ChatGPT developer OpenAI, and former Stripe executive Lachy Groom. The second was led by Gradient Ventures. Meanwhile was previously called Standard Crypto Insurance, and is registered under that name with the BMA, CEO Zac Townsend told CoinDesk. Source

Kraken faces issues with funding gateways, deposits and withdrawals affected

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kraken is experiencing delays in deposits and withdrawals due to issues with multiple crypto funding gateways such as bitcoin (BTC), ether (ETH), and ERC20. On June 6, Kraken announced that it is addressing an issue causing delays in deposits and withdrawals of several cryptocurrencies. The exchange has not disclosed the root cause of this problem. This announcement first appeared on the company’s status page at 7:44 am UTC, followed by two updates indicating that the team…

DPAT Raises Private Funding To Enhance Web3.0 Ecosystem – Blockchain News, Opinion, TV and Jobs

DPAT, the first Web3 crowdsourcing platform designed to connect investors with real estate and infrastructure opportunities in major African cities, has announced the launch of its highly anticipated updated roadmap and revamped website. Positioning itself as a bridge to new emerging economies, the Ethereum-backed Web3 investment platform is set to attract investors, crypto advocates, and entrepreneurs alike by offering a say in what gets built, by whom and for who in markets where they believe success is only lacking the right type of funding. The road map for the Direct…

Web3 Project Magic Raises $52M in Strategic Funding Round Led by PayPal Ventures

Magic Labs has so far raised more than $80 million and facilitated the creation of 20 million wallets with support from over 130k developers. Magic Labs Inc, an upcoming crypto wallet-as-a-Service (WaaS) provider, has announced the completion of a strategic funding round with $52 million to enable Web3 mass adoption. The Web3 startup intends to channel the funds to further enhance the non-custodial wallet creation through its SDK. According to the startup, the strategic funding round was led by PayPal Ventures, with other notable investors including Cherubic, Synchrony, KX, Northzone,…

Web3 developer Magic raises $52M in funding led by PayPal Ventures

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On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms Cherubic, Synchrony, KX, Northzone, and Volt Capital, bringing Magic’s total funds raised to over $80 million.  Magic’s software is currently used by brands in retail, music, fashion, and gaming, including Mattel, Macy’s, Xsolla, and Immutable. With the funding, Magic aims to increase adoption by providing authentic digital ownership opportunities and plans to expand functionality, enhance…

Web3 Payments Startup Transak Raised $20 Million in Series A Funding

Transak said that the funds raised will go towards global expansion by building onboard solutions, financial applications, as well as Web3 games. Web3 crypto startups have been recently on the radar of investors and have been raising funds even in the current macro scenario. On Tuesday, May 30, Web3 payments startup Transak announced raising $20 million in a Series A funding round led by early-stage venture capital firm CE Innovation Capital. The renewed capital shall go towards a continued global expansion by building onboard solutions, financial applications, as well as…

OpenAI’s Sam Altman Secures $115M in Funding for Worldcoin Project

Tools of Humanity, the company behind the Worldcoin project, said that the capital raised shall go towards boosting research, growth and other development efforts for the project. Sam Altman, the chief executive of has recently secured $115 million in fresh Series C funding for the Worldcoin project. Blockchain Capital led the recent funding round along with other investors such as a16z, Bain Capital Crypto, and Distributed Global. Back in 2019, Sam Altman co-founded Worldcoin with the goal of offering digital ID to everyone on the planet. Worldcoin is a decentralized…

FastLane Labs Raises $2.3M in Seed Funding Round Led by Multicoin Capital

The talks with Multicoin started in late August of last year, when FastLane didn’t have a corporation or even a pitch deck to show investors, Watts said. The long fundraise period gave the FastLane legal team time to get the infrastructure in place. Other participants in the round included Polygon Ventures, Shima Capital, Delphi Ventures and Everstake Ventures, a41 Ventures and Symbolic Capital, the venture capital fund from Polygon co-founder Sandeep Nailwal. Source