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Polygon co-founder Sandeep Nailwal launches Web3 accelerator Beacon
Sandeep Nailwal, the co-founder of Ethereum scaling solution Polygon, unveiled an accelerator called Beacon today built by a team of Web3 founders with the objective of bringing early-stage crypto projects online with mentoring and financing. The management team of Beacon includes Nailwal and a number of well-known names from the industry such as Uri Stav, ...
Bitcoin hardware wallet maker Foundation Devices raises $7M
Foundation Devices Inc., the maker of bitcoin-centric tools including hardware and software wallets, said Monday that it has closed a $7 million seed round led by Polychain Capital to expand its product development. The round was joined by new investors including Greenfield Capital and Lightning Ventures, and existing investors Third Prime, Warburg Serres, Unpopular Ventures and ...
Revel NFT ‘social collectibles’ platform nabs $7.8M led by Dragonfly
Crypto “social collectibles” startup Revel.xyz, said today that it has raised $7.8 million in seed funding led by Dragonfly Capital to expand its product offering that it describes as a cross between Instagram and Robinhood. Other investors joining the seed round included USV, Polygon, Sfermion, 6th Man Ventures, Gaingels, Wagmi Ventures, Alumni Ventures, Global Impact ...
Binance.US wins bid to acquire assets of bankrupt Voyager Digital for $1B
Voyager Digital Ltd., the bankrupt crypto lender, said today that it has entered into an agreement with Binance.US, the American arm of crypto exchange Binance Ltd., to acquire its assets in a deal that would clear a path to return customer funds. The deal is valued at $1.022 billion, which is based on the estimated fair ...
Web3 infrastructure startup Blocknative nabs $15M for Ethereum block building
Blocknative, a San Francisco-based startup providing infrastructure for the Ethereum blockchain, announced Thursday it has raised $15 million in a new funding round to provide for what is known as the “block building” market created by the Ethereum Merge. The funding for the A-1 Series round came from Blockchain Capital, Foundry Group, Rho, IOSG Ventures, ...
Crypto platform Amber Group raises $300M after FTX collapse
The cryptocurrency lending and trading firm Amber Global Ltd. said today that it has raised $300 million as part of a new funding strategy to deal with the aftermath of the collapse of the crypto exchange FTX. The new Series C round was led by Fenbushi Capital US, according to a tweet sent by the ...
Spatial launches a VR toolkit for creators powered by Unity
The immersive 3D social metaverse developer Spatial launched a creator toolkit today that will allow its users to build their own virtual worlds, connect with other users, and share immersive experiences powered by the Unity graphics engine. The Spatial Creator Toolkit provides creatives with everything they need to build experiences in virtual reality and what ...
DevOps observability startup CtrlStack emerges from stealth with $5.2M
CtrlStack Inc., the provider of a novel DevOps observability platform to simplify real-time troubleshooting, today announced its launch from stealth with $5.2 million in seed funding co-led by Sequoia Capital and Engineering Capital. The seed round also saw participation from Kearny Jackson, Webb Investment Network and Lightspeed. Today’s digital-first businesses and developers continue to find ...
Web3 intellectual property licensing startup Spaceport raises $3.6M
Web3 startup Spaceport today announced that it has raised $3.6 million in pre-seed funding to build a blockchain-based protocol to streamline the licensing of intellectual property and make it easier for creators to receive royalties. Arca, Web3-native venture fund Decasonic and Crit Ventures, the venture capital arm of game developer Com2uS, co-led the funding round. Other ...
Former FTX CEO Sam Bankman-Fried arrested in Bahamas, faces charges from SDNY, SEC, CFTC
Authorities in the Bahamas arrested Sam Bankman-Fried, former chief executive of the now bankrupt cryptocurrency exchange FTX Trading Ltd., Monday evening after the U.S. filed criminal charges, according to a press statement. The criminal charges against Bankman-Fried filed by prosecutors in the Southern District of New York include eight different counts, covering allegations of wire ...