Data analytics firm Messari closes a $4 million funding round led by Uncork Capital, with the participation of other top investors including Coinbase Ventures. Uncork Capital has led a $4 million funding round that also saw funding from Coinbase Ventures for blockchain analytics firm Messari. Who’s who of new investors On Nov. 13, Messari announced…
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British cryptocurrency-friendly mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars. British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12. Since the end of 2017, Revolut’s app has allowed its users to complete…
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Venture capital firm Andreessen Horowitz leads a $5 million funding round for Arweave, a blockchain startup focused on permanent online data storage. Venture capital firm Andreessen Horowitz has led a $5 million funding round for Arweave, a blockchain-startup focused on permanent online data storage. On Nov. 5, the Arweave project reported that it had attracted…
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Kadena launched its mainnet alongside its Kadena token wallet, and is planning its third token sale for Nov. 5–Nov. 22. The Kadena network, which is led by JPMorgan blockchain veterans, has gone live on Monday, with the firm announcing a new $20 million token sale. Kadena mainnet launch unlocks mining Kadena coins According to an…
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Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives. The Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives. The local authorities are reportedly planning to spend 1 billion yuan ($141 million) to selectively sponsor two blockchain-related projects per year, according…
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Verisart, a company that certifies art authenticity through blockchain, raises $2.5 million to further expand its commercial platform.
Verisart, a company that certifies art authenticity through blockchain technology, has raised $2.5 million to further expand its commercial art platform.
In an Oct. 3 article by Techcrunch, it was announced that Verisart raised $2.5 million in seed financing led by Galaxy Digital EOS Fund, alongside investment firms Sinai Ventures and Rhodium.
The funding will go toward expanding Verisart’s product and engineering team and will make it possible to launch a whole range of services aimed at artists, galleries and collectors. Verisart’s CEO Robert Norton said:
“With this new round of funding, we’re able to scale our business and ramp up our partnership integrations. The art world is quickly realizing that blockchain provides a new standard in provenance and record-keeping and we’re looking forward to extending these services to the industry.”
Verisart, which per the report is the first company to apply blockchain technology to the physical art and collectibles market, allows artists to create digital certificates that verify and track the provenance of a specific art piece as it gets stored on the Bitcoin blockchain.
Cointelegraph reported in August that South Korean art-focused blockchain project ArtBloc conducted a fractionalized ownership sale of two paintings by popular British painter David Hockney. ArtBloc introduced the blockchain-enabled fractionalized ownership sale of the David Hockney’s paintings in Seoul on Sept. 19.
