Tag: funding

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…

NFT Infrastructure Provider Rarify Gets $10 Million Investment in Series A Funding Round Led by Pantera Capital – Bitcoin News

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Rarify, a startup that helps third parties include NFT elements in their tech platforms, has raised $10 million in its Series A funding round. The round was led by Pantera Capital, a leading cryptocurrency-based venture capital firm. The company has now reached a reported valuation of $100 billion amidst the rise in popularity NFTs are experiencing in different fields including gaming and metaverse applications. Rarify Raises $10 Million, Plans Expansion Rarify, a company that deals with producing infrastructure for third parties to integrate NFT services, has raised $10…

City-building startup Praxis secures $15M in Series A Funding

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Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried’s Alameda Research, and Three Arrows Capital. Dryden Brown of New York University, and Charlie Callinan of Boston College, co-founded Praxis, formerly Bluebook Cities in 2019, describing their goal as: “building the city-cryptostate to realize a more vital future,” according to the company website. Praxis wants to pivot away from “artificially scarce metaverses” to build a city-state that is organized around “shared values,” rather than…

Praxis Raises $15M in Series A Funding Round

Praxis – a startup that is aiming to build a new city organized around the computer revolution that allows many to work from wherever they wish – raised $15 million in a Series A funding round that included investments from Paradigm Capital, FTX Trading CEO Sam Bankman-Fried’s Alameda Research and Three Arrows Capital Source

South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

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South African cryptocurrency exchange Valr announced recently that it has raised $50 million in a Series B round led by Pantera Capital. The capital raise means Valr is now valued at a reported $240 million. Funds Raised to Finance Valr’s Expansion Into Other Markets The South African cryptocurrency exchange, Valr, recently announced that it raised $50 million in a Series B funding round. The round was led by Pantera Capital, while Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR and Third Prime also took part. According to a…

Polymer’s $3.6M in Seed Funding Says IBC Is the Future of Crypto

Polymer is still in its early days and does not yet have a token, but development will eventually be governed by PolymerDAO, a decentralized autonomous organization that will allow token-holders to vote on proposals determining the future of the protocol. According to a press release from the company, PolymerDAO will be the first DAO focused on IBC infrastructure. Source

South African exchange raises $50M in Africa’s largest funding round

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South African crypto exchange VALR has raised $50 million in a Series B equity funding round, marking the largest-ever funding for an African crypto exchange. With this latest round of funding, VALR’s valuation has increased to $240 million, a 10X in growth since it raised its $3.4 million in a Series A round in July 2020. This round was led by VC Pantera Capital, Alameda Research, Coinbase Ventures, and several others. VALR claims to have processed over $7.5 billion in trading volume since 2019 from over 250,000 retail customers and…

BitsCrunch raises $3.6M in funding for NFT analytics tools

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Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify wash trading warnings, and determine whether an NFT is a copy or forgery of the genuine asset. The company is based in Germany and India. The firm believes that investors in the continually growing space need better access to data that will protect them from fakes and getting fooled by…

Web 3 Infrastructure Startup Aligned Exits Stealth With $34M in Funding

“You need three basic things to make a DeFi application work, and we provide all of them: 1. liquidity/money in the protocol, 2. software that sends the transactions and runs the blockchain, and 3. computers to run it on, in our case specialized hardware that is designed for this use,” Cassatt said. “Taken together, this is a ‘full-stack’ infrastructure since it works and operates at these layers in a vertically integrated way.” Source