Lens Protocol opened on the Polygon blockchain mainnet Wednesday, Kulechov announced onstage at the Permissionless conference. Built by Aave Companies, it allows devs to build their own decentralized social media networks in which users fully own their data. Source
The hackathon startup will use the funds to launch an NFT-focused venture fund, among other things. Source
Oasis Pro Markets LLC, the ATS, wants to support everything from the issuance to secondary trading of all forms of digital securities, the company said. It also lets subscribers take the unusual step of paying in crypto for their digital securities, which are traditional investment assets (like shares in a company) that trade as tokens atop blockchain tech. Source
The rapid development of the cryptocurrency and NFT markets has given rise to classic problems, such as an oversupply of products and limited liquidity. This problem has created the prerequisites for a certain crisis in the discovery and improvement of projects that move the industry forward and become in demand in the global cryptocurrency market. In the digital age, dozens of NFTs and P2E projects are launched every day with gigantic value but limited opportunities. Every day, dozens of talented and inventive creators create unique and valuable NFTs but dissolve…
Banking giants Goldman Sachs and Britain’s Barclays have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood Technologies, founded by billionaire British hedge fund manager Alan Howard. Joining the round was crypto-friendly German bank Commerzbank, crypto investment manager Galaxy Digital, and Dawn Capital as reported by the Financial Times on May 15. The fundraising round valued the company at around $500 million according to the report. Despite the recent fall in crypto markets, Elwood said it’s betting that traditional financial institutions such as hedge…
Summary: Goldman Sachs and Barclays Bank have invested in Elwood Technologies The two banks made the investment during a funding round together with Dawn Capital, the venture divisions of German lender Commerzbank and Galaxy Digital The funding round was worth $70 million at a $500 million valuation The traditional banking institutions of Goldman Sachs and Barclays Bank have invested in the London-based Bitcoin and crypto trading platform of Elwood Technologies. According to a report by the Financial Times, the two banks invested in the company during a funding round that…
Financial details for the blockchain development platform’s first acquisition were not disclosed. Source
BiFARMS has announced the launch of the all in one decentralized finance yield optimizer platform that’s focused on providing high yields on crypto assets. BiFARMS aims to simplify this process by creating a seamless and streamlined process for users to earn a rewardingly high yet modest APR in the easiest and safest way while ensuring sustainable growth within the BiFARMS platform across multiple farming ecosystems. According to the research, the Decentralized Finance (DeFi) crypto market cap is estimated at $122.40B, at the time of writing. Statistically, it’s crystal clear that…
Chainalysis, a blockchain analytics provider, has announced its $170 million Series F funding round. The fresh funding succeeded its $100 million raise back in June 2021 and more than doubly exceeded its valuation of $4.2 billion at the same time. The raise was led by Singaporean sovereign wealth fund GIC and further participated in by investors Accel — who previously led Chainalysis’ $30 million Series B round in 2019, as well as Blackstone, Dragoneer and FundersClub. Bank of New York Mellon and Emergence Capital also participated in the round as first…
BVNK, a banking and payments platform targeting businesses seeking crypto integration, has raised $40 million in Series A funding. Source