Tag: Platform

WeWay, a Revolutionary Crypto Social Media Platform, Joins Tech Incubator BlueZilla While Successfully Raising $3m From Investors and $800k Through Its IDO

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The platform has grown significantly over the past few months, launching its own token, the $WWY, on major exchanges and expanding its value proposition with metaverse solutions. That has allowed WeWay to attract financing quickly: both from investors ($3M) and through its IDO ($800k). Among the strategic advisors to WeWay, are Yoola and Velas. Yoola is an international media network that helps bloggers grow online and offline. The US-based company is part of the top 5 largest international networks in the world and a leader in the Russian-language video blogging…

Social platform behind ‘retail short squeeze’ launches crypto trading

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Investor-focused social media platform Stocktwits, which gained popularity during last year’s ‘retail short squeeze’ frenzy involving GameStop and AMCTheaters, rolled out its own crypto trading services on Thursday. Stocktwits has partnered with FTX.US to carry out its crypto trading services and is set to launch US equity trading next quarter. The firm further looks to expand its trading services portfolio by offering crypto derivatives trading and other asset classes in the coming months. Big day here at Stocktwits We’re excited to share the launch of our fully integrated crypto trading,…

Yield App Assets Grow 40% Over Q4 as Platform Passes Armanino Audit – Press release Bitcoin News

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press release PRESS RELEASE. ESTONIA — 03 FEBRUARY 2022 — Yield App, a FinTech company and digital asset wealth management platform, has published its 2021 Q4 report, showing the firm continuing on a strong growth trajectory that saw its managed assets grow by 40% from Q3 to reach $475 million. In addition, the platform has published the results of an inspection by leading global auditor Armanino that shows its assets firmly in the black. The firm, which recently celebrated the launch of a revamped “V2” platform, said managed assets increased…

SoftBank Leads $60M Funding Round for B2B Payments Platform Tribal

Tribal Credit, a business-to-business payments and financing platform for emerging markets, has raised $60 million in a Series B funding round led by SoftBank Latin America Fund, with participation from Coinbase Ventures. The round brings total funding for Tribal up to $140 million. Japanese conglomerate SoftBank launched the $5 billion SoftBank Latin America Fund in 2019. A $3 billion Latin America Fund II followed last September. Other participants in the round included BECO Capital, QED Investors and Rising Tide. In addition to the funding round, secondary shares were offered to…

Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise – Finance Bitcoin News

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The Web3 analytics platform Dune Analytics has announced it has closed a $69.4 million Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A last August when Dune Analytics raised $8 million. With the Series A and B combined, the firm has been propelled to unicorn status with a post-money valuation of $1 billion. Dune Analytics Secures $69.4 Million in Series B Financing Round, Plans to Offer Financial Compensation to Contributors On Wednesday, the decentralized finance (defi), non-fungible token (NFT), and Web3 analytics platform Dune…

Grammy-winner John Legend launches new music and art NFT platform

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American singer-songwriter John Legend is solidifying his position among the ranks of celebrities flocking to the world of nonfungible tokens (NFTs), helping to launch a new NFT platform for musicians and other entertainers. The platform called OurSong allows artists to tokenize and sell their work, awarding buyers with privileges like access to unreleased music and private chatrooms. “Everyone can now turn stories, music, photography, and any kind of art into NFT trading cards called Vibes,” the platform states. “Vibes allow you to unlock exclusive updates and access private chat communities…

Pixel Vault raises $100M for NFT development platform

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Operator-led venture capital firms Velvet Sea Ventures and 01 Advisors invested $100 million into Pixel Vault, a large nonfungible token collection of superheroes, to jointly launch the rebranded multi-franchise nonfungible token (NFT) entertainment company, Pixel Vault Inc.  According to Pixel Vault, the aim of the new venture is to leverage NFTs and intellectual property to tell the stories of crypto-native communities across a variety of mediums, including television, movies and video games. Pixel Vault owns 100% of the IP, assets and operations of PUNKS Comic, MetaHero and all future franchises. Pixel Vault’s…

NFT Platform Pixel Vault Closes $100M Investment

NFT (non-fungible token) development platform Pixel Vault has closed a $100 million funding round, the startup announced on Wednesday. The company said that the investment by Velvet Sea Ventures and 01A would enable it to launch a “multi-franchise NFT development platform,” enabling creators and collectors to own digital content. “Pixel Vault projects are built with the key tenets of Web 3 at the center – community empowerment, decentralized governance and true digital ownership,” Pixel Vault founder and CEO Sean Gearin said in the announcement. Pixel Vault went live last May…

Shares of Digital Asset Management Platform Bakkt Correct 90% in Three Months after Launch

While Bakkt faces 90% erosion in its market cap, the company spokesperson confirms that they are well capitalized for their long-term plans. While cryptocurrency prices have plummeted severely over the last two months, crypto asset management platform Bakkt (NYSE: BKKT) has witnessed a deeper correction in its stock price. Shares of Bakkt Holdings Inc (BKKT) are down by more than 90% since October 2021. While the BKKT stock was trading above $40 by October end, it was available under $4.0 last week. Back in October, Bakkt’s stock rallied supported by…