Funding
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Introduction
It is reported that the blockchain real estate technology startup HousAfrica has announced the completion of a $400000 financing. Its supporters include Future Africa, SSE Angel Ne
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Table of Contents
On March 25th, PROOF, the parent company of Moonbirds, the NFT project, announced the launch of the Web3 Creator Acceleration Program \”Outliers\” on social media, aiming to support
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Quasar Finance Raises Over $11.5 Million After Shima Capital Led Round of Financing
According to reports, Quasar Finance, a decentralized asset management agreement on the Cosmos chain, stated in a press release on Thursday that after raising $5.4 million at a val
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#Web3 and Particle Network Raise $7 Million in Funding
It is reported that the Web3 mobile application development and data platform Particle Network has completed a $7 million financing, led by Animoca, Longhash Ventures, GSR Ventures
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Contango Digital Assets Raises $1.2 Million in Seed Round Financing
On March 24th, Contango Digital Assets, a blockchain venture capital firm, announced the completion of a $1.2 million seed round financing, involving a group of family offices, VC
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Building the Future: Hadean Raises $5 Million to Build Metacosmic Infrastructure Solution
On March 24th, Hadean, a developer of metacosmic infrastructure, announced today that it has raised an additional $5 million to build its metacosmic infrastructure solution. The ne
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Early Adopter Grants (EAG) Committee Launches First Round of Token Grants
On March 23rd, the Early Adopter Grants (EAG) Committee of Starnet launched the first round of EAG token grants today. The committee is authorized to operate until June 30, 2023, w
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OP3N Raises $28 Million in Round A Financing: A Closer Look at the Web3 Platform
According to reports, the AI-based Web3 platform OP3N completed a round A financing of $28 million with a valuation of $100 million, led by Animoca Brands, Dragonfly Capital, Super
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Sequoia Capital Announces Arc Europe Applications for Pre-Seed and Seed Stage Companies
On March 21st, Sequoia Capital announced the opening of Arc Europe applications, which are intended for founders of Pre seed and seed stage companies that are actively committed to
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R3 Raises $150 Million to Develop Corda Blockchain Platform
According to reports, David Rutter, founder and CEO of R3, a four year old blockchain startup based in New York, confirmed earlier reports that R3 is raising $150 million, saying that it is “not yet over,” but that R3 “has made very good progress,” and “will end a part of the New Year early.” Rutter also gave a detailed introduction to R3’s blockchain platform, Corda, which was developed by CTO Richard Gendal Brown of the company, who was an executive architect for industry innovation and business development at IBM. Blockchain company R3 is expected to complete a financing of $150 million in the first quarter Analysis based on this information:Blockchain startup R3 is raising $150 million in funding to develop their Corda blockchain platform. CEO David Rutter confirmed the reports and stated that they have made good progress and will end a part of the New Year early. The platform was developed by CTO Richard Gendal Brown, who previously held…
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Class Action Lawsuit against Crypto Influencers for Promoting FTX without Disclosing Funding
According to reports, a class action lawsuit filed against multiple crypto KOLs, claiming that they “actively promoted FTX to millions of fans, but did not disclose their funding.” The defendant list includes Erika Kullberg, Ben Armstrong, Kevin Paffrath, and Meet Kevin. The lawsuit adds that some creators have now removed all video clips that support FTX and praise SBF from social media. (The Block) Multi-bit encryption KOL was sued for promoting FTX and SBF Analysis based on this information:A recently filed class action lawsuit claims that several crypto KOLs actively promoted FTX to their millions of followers and fans without disclosing their funding. The list of defendants includes prominent names in the cryptocurrency industry, such as Erika Kullberg, Ben Armstrong, Kevin Paffrath, and Meet Kevin among others. The lawsuit alleges that these influencers did not disclose the funding they received while promoting FTX to their followers. The lawsuit has sparked a new debate about the ethical practices of crypto KOLs…
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Bitcoin Opportunity Fund’s Bid to Raise $100 Million
On March 17th, the Bitcoin Opportunity Fund was seeking to raise $100 million. The fund, led by six investors, including managing partners James Lavish and David Foley, will invest in Bitcoin related public and private companies. The team stated that its members invested most of their personal net assets into the fund. (Bloomberg) Bloomberg: Bitcoin Opportunity Fund is seeking to raise $100 million Analysis based on this information:On March 17th, 2021, the Bitcoin Opportunity Fund announced its bid to raise $100 million, making headlines in the investment world. The fund was established to invest in Bitcoin-related public and private companies. The announcement was made by the six investors, including the managing partners James Lavish and David Foley. The team claims to have invested most of their personal net assets into this fund, which is a promising sign for potential investors. The Bitcoin Opportunity Fund’s primary objective is to capitalize on the growing popularity of Bitcoin and other cryptocurrencies. This move…
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The Changing Winds of Development: The ICON Foundation’s Decision to Halt Funding for ICE and SNOW
On March 16th, the ICON Foundation announced that it would stop funding the development team ICE and SNOW. The ICON Foundation expresses its gratitude to the ICE and SNOW teams for their efforts to introduce EVM compatibility into the ICON ecosystem. However, the ICON Foundation has decided not to provide funds beyond the current contract terms of the team, as the recent replacement of key members has led the Foundation to reassess the short-term and future plans of the project. ICON Foundation will stop funding the development team ICE and SNOW Analysis based on this information:The ICON Foundation, which oversees the development and growth of the ICON network, has made a significant announcement that is causing ripples within the blockchain community. On March 16th, the Foundation announced that it would discontinue funding the development team ICE and SNOW. This news has surprised many, as ICE and SNOW play a vital role in developing EVM (Ethereum Virtual Machine) compatibility into the…
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NounsDAO approves funding for flagship NFT animated film project
On March 15th, the NounsDAO of the Web3 community approved a proposal to produce a full-length animated film that showcases its NFT characters. The budget for the first phase is set at $125000. According to the proposal, the pilot episode will be announced within 90 days, after which the Nouns DAO will decide whether to continue funding the project. Members of Nouns will be allowed to submit storylines and ideas for future installments. The NounsDAO of the Web3 community will allocate $125000 to produce full-length animated movies Analysis based on this information:The NounsDAO of the Web3 community recently approved a proposal to produce a full-length animated film that showcases its NFT (Non-Fungible Token) characters. The budget for the first phase is set at $125,000, which will be used to create the pilot episode. If the pilot is successful, further funding will be decided by the DAO. The NounsDAO is a decentralized autonomous organization that encourages participation from the community. It’s…
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Texas Bill Looks to Use Bitcoin for Abandoned Gas Wells
It is reported that Bitcoin Magazine published an article on social media saying that the US state of Texas has introduced a bill to encourage and fund the expl
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EtherMail secures $4 million funding round
It is reported that EtherMail, the Web3 e-mail solution, completed the pre-A round of financing of US $4 million, which was led by Draper Associates and partic…
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Ethereum Foundation Supports ETH Beijing Hacksong
On March 7, the blockchain association of Peking University tweeted that ETH Beijing Hacksong had received funding from the Ethereum Foundation. The Hacksong m…
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Swiss Bitcoin Platform Relai Raises $4.5 Million in Funding Round
It is reported that the Swiss Bitcoin platform Relai announced the completion of a new round of financing of US $4.5 million, with the participation of ego dea…
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Ethereum’s Scroll Raises $50 Million in Recent Funding Round
It is reported that the Ethereum expansion project Scroll announced that it had raised $50 million in a new round of financing. Investors in this round of fina…
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VitalXP Secures $3 Million Funding for Web3 Shooting Game Lowlife Forms
It is reported that VitalXP, a game production company, announced that its Web3 shooting game Lowlife Forms completed a pre-seed round of financing of US $3 mi…
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Protego Trust Struggles to Secure Funding
According to reports, according to a person familiar with the matter, Protego Trust, the encryption and hosting company, was forced to lay off most of its empl…
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ZenGo Seeks to Raise $10 Million in A Series of Deferred Financing
It is reported that ZenGo, a cryptocurrency wallet provider, is raising funds in the A series of deferred financing. According to a promotional material obtain…
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DigiFT Raises $10.5 Million in Funding for Decentralized Asset Exchange
It is reported that DigiFT, a decentralized digital asset exchange focusing on asset-backed securities (STO), announced the successful completion of the US $10…
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The Ethereum Foundation Announces Funding for Account Abstraction Development
On February 28, the Ethereum Foundation announced that it would launch a new round of funding from February 27 to March 31, 2023, to encourage development, res…
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iBLOXX Secures $5 Million in Funding to Expand Gaming Department
On February 23, the Web3 incubator and market maker iBLOXX announced the completion of a $5 million financing, and PrimeXM led the investment, which will be us…
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Aptos Grant DAO: Building a Strong Community of Developers
On February 18, the long-term funding plan Aptos Grant DAO ended the second round of project application on the developer incentive platform DoraHacks.io and o…