“Currently, there is a huge opportunity in the Solana ecosystem because 80% of Solana is not locked in DeFi,” Hedge co-founder and CEO Sebastian Grubb said in a statement. “With Hedge we’re really trying to upgrade the whole Solana DeFi ecosystem. We want to help users unlock more liquidity and better leverage their assets without having to exit their positions.” Source
Crypto hedge fund giant Pantera Capital is set to close a blockchain fund next month that is backed by around $1.3 billion worth of capital. The Pantera Blockchain Fund was announced in May last year, with plans to raise $600 million to invest in early-stage tokens, venture equity, Web3 firms and tokens with strong liquidity. It has since surpassed that target significantly, with the firm revealing last month that the fund had topped $1 billion. The latest $1.3 billion figure was noted during an April 12 investor conference call regarding…
The Select Fund was Pantera’s fifth, joining the Bitcoin Fund, Early-Stage Token Fund, Liquid Token Fund and Blockchain Fund. Select is “smaller, more targeted and therefore more concentrated than a typical growth fund,” said Pantera. The deadline for limited partners to get in on the Select Fund is May 1. Source
Crypto investment firm Pantera Capital, which has $5.8 billion in assets under management, is raising $200 million for a fund focused on “more mature, revenue-generating companies” than Pantera’s typical early-stage investments, according to an investment letter published Monday. Source
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Blockchain game development studio Metaverse Game Studios has raised $10 million in a funding round co-led by Pantera Capital, Animoca Brands, Solana Ventures and Everyrealm. Other investors included OKX Blockdream Ventures, Mechanism Capital, Morningstar Ventures, Huobi Ventures and Shima Capital. Source
Swim Protocol wants to make it easier for users to swap native assets across blockchains. Source
“We are designing and launching fashion items as NFT collections, which is ongoing,” Space Runners CEO Deniz Özgür said in an interview. “But we are also launching the first phase of our fashion metaverse. Rather than just an urban cyber style, we are giving more weight to beauty and aesthetics, and we’ve been collaborating with some of the most popular fashion agencies in New York.” Source
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…
NFT infrastructure startup Rarify has raised $10 million in Series A funding from Pantera Capital at a valuation of $100 million. The backing from Pantera Capital appears significant as the company is one of the top venture capital firms in crypto. One of Rarify’s primary offerings is an NFT-commerce-focused application programming interface (APIs) that enables firms to launch and integrate user-friendly marketplaces in their platforms. The API also allows minting and porting NFTs between different blockchains. Speaking with Forbes on March 3, Rarify co-founder Revas Tsivtsivadze stated that the company…