Tag: funding

Cricket NFT startup Rario raises $120M in Series A funding

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On Thursday, cricket nonfungible token (NFT) platform Rario announced that it secured $120 million in Series A funding in a round led by Dream Capital, the venture subsidiary of Dream Sports. As told by Rario, it currently has the largest share of cricket NFT rights via partnerships with six international cricket leagues and a roster of over 900 cricketers.  Dream Sports is a sports technology company based in India with more than 140 million users. Through this partnership, Rario can potentially increase its exposure to a much larger audience.  Rario…

Silks Secures $2 Million Funding To Develop The First-Ever Thoroughbred Horse Racing Metaverse

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Game of Silks (Silks), the first-of-its-kind derivative play-to-earn (P2E) metaverse featuring derivative NFTs, has successfully secured $2 million in funding. This fresh capital injection comes just weeks ahead of the Kentucky Derby and the upcoming launch of Silk’s first NFT collection. Tropical Racing Inc., a premier thoroughbred horse breeding and racing company, is among the many companies offering strategic and financial support to the Silks project. Troy Levy, the CEO of Tropical Racing Inc. and the co-founder of Game of Silks, explains, “The transaction announced today with Game of Silks…

Crypto exchange CoinDCX raises $135M funding to support Indian Web3

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Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country.  The latest funding round resulted in CoinDCX doubling its valuation to $2.15 billion, which was led by Pantera and Steadview and saw participation from prominent investors including Kingsway, DraperDragon and Republic. Existing investors such as B Capital Group — a VC firm from Facebook co-founder Eduardo Saverin — Coinbase, Polychain and Cadenza also joined in on the oversubscribed funding round to…

Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding – Bitcoin News

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Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion in stealth repo loans from the Fed to the French financial institution, BNP Paribas in Q1 2020. Additional data indicates that the U.S. central bank leveraged secret repo loans to provide a whopping $48 trillion…

London-based blockchain game developer, First Light Games completes a $5 million token sale funding round

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First Light Games has successfully completed a $5 million private token sale round led by Animoca Brands and Mechanism Capital to develop its play-to-earn mobile-based game, Blast Royale. In an announcement today, London-based game development firm, First Light Games successfully closed a $5 million private token sale in an effort to boost the development and adoption of its blockchain-based mobile game, Blast Royale. The private token sale was led by top investors in the space including Mechanism Capital and Animoca Brands, a blockchain firm that has already invested in over…

Blackrock, Fidelity to Invest in Crypto Firm Circle’s $400 Million Funding Round – Finance Bitcoin News

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Blackrock, Fidelity, Marshall Wace, and Fin Capital are investing in crypto firm Circle. In addition, Blackrock, the world’s largest asset manager, has entered into a broader strategic partnership with the crypto firm. Blackrock, Fidelity, Marshall Wace, Fin Capital to Invest in Circle Circle Internet Financial announced Tuesday that it has entered into an agreement for a $400 million funding round with investments from Blackrock Inc., Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. Circle is the issuer of USD Coin (USDC). The stablecoin USDC has a market cap…

NFT avatar startup Genies valued at $1B following Series C funding round

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Nonfungible token (NFT) startup Genies has secured $150 million in Series C funding at a valuation of $1 billion, making it the latest crypto-focused platform to attain “unicorn” status.  The funding round was led by California-based private equity firm Silver Lake, which manages $88 billion in assets as of 2021, with additional participation from existing investors Tamarack Global, BOND and NEA. Genies said the funding will go towards increasing internal capacity in its engineering department as well as investing in new technologies. Founded in 2017, Genies is an avatar technology…

BlackRock joins stablecoin issuer Circle’s $400M funding round

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Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock. The USDC issuer has entered into an agreement for a funding round featuring investors like BlackRock, the investment advisory firm Fidelity Management and Research, the London-based hedge fund Marshall Wace and Fin Capital, as Circle officially announced Tuesday. The investment round is expected to close in the second quarter of 2022. Apart from providing strategic investment and being the…