Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company. MoonPay, a fintech startup dedicated to building crypto payments infrastructure, is reportedly expected to reach a valuation of $3.4 billion after conducting its first round of venture capital funding. The VC funding for the…
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Bitkraft’s new $75 million token fund has already closed investments in six different projects. E-sports, gaming and interactive media investment platform Bitkraft VC has established a $75 million token fund for investing in blockchain gaming and digital entertainment. The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and startups at…
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Released in 2017, L.O.L. Surprise doll was MGA’s best-selling U.S. toy property for three consecutive years. Consumer entertainment products giant MGA Entertainment is moving into the nonfungible token (NFT) industry by turning its best-selling toys into digital collectibles on blockchain. The American toy giant is preparing to roll out an NFT functionality for its world-famous…
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Decentralized finance is approaching $200 billion in total value locked, with DEXs accounting for a significant share of the market. Cross-chain decentralized exchange THORSwap has concluded a $3.75 million private token sale backed by leading venture funds within the blockchain industry, offering further evidence that investors are keen to back market-ready DeFi platforms. The funding…
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Emile Dubié, CEO of XDEFI, is building a new browser wallet with Web 3 capabilities. XDEFI currently has nine blockchain integrations. Due to the enormous growth of DeFi and a lack of direct competitors, Ethereum wallet and browser extension MetaMask recently surpassed 10 million active users, a major milestone for the ConsenSys-led protocol. Now, a…
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The venture fund led by David Gan is backed by Digital Currency Group, Galaxy Digital, Huobi Ventures, Bybit’s venture arm and others. Fresh off the launch of its $25 million venture fund, OP Crypto Capital Management Ltd. seeks to play a more active role in the lifecycle of blockchain startups ranging from gaming to Web…
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Despite a blanket ban in China and regulatory crackdowns on exchanges in Korea, Asia remains a hotbed for crypto investments. Digital asset manager Cobo has raised $40 million to advance institutional pathways to decentralized finance products, offering compelling evidence that more Asia-Pacific investors are seeking secure access to the DeFi market. The Series B financing…
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Blockchain-based startups continue to account for a significant proportion of newly established business entities across the globe. With venture capital funding seemingly prioritizing emerging technology, the blockchain industry experiences a significant influx of capital from corporate backers. According to the Global Startup Ecosystem Report 2021 published on Wednesday, blockchain-based businesses account for 10% of startups…
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AVAX price soared to a record high as heavy inflows enter the protocol through its cross-chain bridge and institutional investors pledge $230 million in funding for the rapidly expanding Avalanche ecosystem. On Thursday Avalanche’s (AVAX) price hit a new all-time high at $68.89, and over the last few months, the project has risen to challenge…
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Increased use of cross-chain bridges and sizeable investments from a variety of venture capital firms are boosting the price of AVAX, CELR and AUDIO. Altcoins continue to book notable gains on Sept. 16 as a slew of celebrity endorsements, major investments and the growing popularity of cross-chain bridges catch investors’ attention. Top 7 coins with…
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