Tag: funding

Crypto fintech Moonpay reportedly aims for $3.4B valuation in first VC funding

Moonpay, a fintech startup dedicated to building crypto payments infrastructure, is reportedly expected to reach a valuation of $3.4 billion after conducting its first round of venture capital funding.  The VC funding for the crypto payments startup is being co-led by Tiger Global Management and Coatue Management and will inject funds worth $400 million into the bootstrapped company. MoonPay platform allows the purchase and sale of cryptocurrencies and digital assets using mainstream payment methods such as debit and credit card and local bank transfers. While the funding information is not…

DeFi Perpetuals Exchange Futureswap Launches New Version After $12M Funding Round

Futureswap has raised $12 million in venture funding from Framework Ventures, Ribbit Capital and Placeholder.vc to launch an updated version of its Ethereum-based exchange. The protocol, which taps into v3 of leading automated market maker (AMM) Uniswap, enables leverage of up to 30 times on any liquidity pool. “We’re super excited to add this layer as a new primitive,” CEO and co-founder Derek Alia told CryptoX in an interview. “The amount of possibilities now are very, very cool.” Perpetuals are a crypto innovation similar to futures but without an expiration…

ConsenSys Holds Funding Round Talks With $3B Valuation: Report

ConsenSys, a blockchain company that develops and invests in Ethereum-based projects, is in talks about a funding round that would value it at $3 billion, the Financial Times reported Monday, citing people who had been briefed about the plans. It is not clear which investors are behind the new funding round. The New York-based firm raised $65 million in April this year from financial giants such as JPMorgan and Mastercard as well as leading decentralized finance (DeFi) companies. As a developer and supporter of projects built on Ethereum, ConsenSys has…

Stader Labs completes $4M funding raise to expand crypto staking

Stader Labs, a cryptocurrency staking management platform, has today announced a $4 million financing round to accelerate development across multiple blockchains including Ethereum, Near and Polkadot, as well as broadening its marketing campaigns. The funding raise was conducted by Pantera Capital, with participation from a prominent number of venture capital funds, blockchain foundations and angel investors, including Coinbase Ventures, True Ventures, Hypershare, TerraForm Labs and the Solana Foundation. Stader Labs aggregates decentralized finance (DeFi) protocols and applications into a simplified staking solution for delegators in a bid to maximize their…

How Erick Calderon Turned NFT Squiggles Into a $6M Funding Round

Art Blocks CEO Erick Calderon has turned generative NFT squiggles into a digital art behemoth. This week on “Opinionated,” we speak with “Snowfro” about the artists whose algorithms power one of the hottest corners of the metaverse. Their NFT sales recently helped Art Blocks raise $6 million from equity investors, Snowfro told “Opinionated.” Ben and Danny (Anna’s out this week) sort through the term sheets to find what makes Art Blocks tick. Their conversation begins with its cap table. Galaxy’s an investor; so is FlamingoDAO, the crypto-native community of NFT…

Crypto Exchange BitOasis Raises $30M Funding to Fuel Geographic Expansion

Crypto exchange BitOasis has raised $30 million in a Series B funding round co-led by Jump Capital and venture capital firm Wamda, which focuses on the Middle East and north Africa. The money will be used to fund the Dubai-based exchange’s expansion in the region and to meet regulatory compliance. Other investors included Alameda Research – the investment vehicle of FTX CEO Sam Bankman-Fried, Global Founders Capital and existing investors including Pantera Capital, Digital Currency Group and NXMH. “We will also be working towards solidifying our presence and refining our…

Axie Infinity developer secures $152M in Series B funding from investors

Sky Mavis, the studio behind the popular Axie Infinity non-fungible token (NFT) game has announced a fresh round of funding for the company. In a statement issued on Tuesday, Sky Mavis announced that it had closed a $152 million Series B funding round. According to the announcement, notable crypto and blockchain investors like global exchange giant FTX, venture capital fund Andreessen Horowitz (a16z) participated in the investment round. The Axie Infinity maker said it will be using the funds to “create economic and financial freedom for gamers.” Sky Mavis also…

Bitwage Raises $1.5 Million in Latest Funding Round – Bitcoin News

Bitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. The funding round had participation from Draper Associates and Max Keiser’s Heisenberg Capital, using Bnktothefuture, a platform designed for making online investments. Bitwage will use these funds to extend its functionalities, now that it is facing competition from Coinbase, which launched a similar service for U.S. citizens. Bitwage Raises $1.5 Million Dollars in 55 Hours Bitwage, one of the pioneer companies in cryptocurrency payrolls and invoicing services, has closed a funding…