Venture Capital Firms Almost Quadruple Previous High by Pumping $30B into the Crypto Industry in 2021
Venture capital firms kept a keen eye on the crypto industry to the extent of pouring $30 billion in this sector in 2021.
Magic Eden Pulls $27m in Series A Funding Round
Solana-based NFT marketplace Magic Eden has pulled the sum of $27 million in a Series A funding round.
Hub71 Digital Assets Initiative Aims to Advance Web3-Based innovations
Hub71 will invest $2 billion in Web3 startups in Abu Dhabi.
Crypto Recruitment Firm Inflection Points Raises $12.6m in Funding Round
Inflection Points, which was co-founded by long-time Bitcoin bull Anthony Pompliano, has raised $12.6 million to expand its crypto recruitment platform.
Magic Eden Floats New Venture Unit to Double Down on Web3 Gaming
Magic Eden has announced the establishment of its own venture outfit dubbed Magic Ventures with a focus on bootstrapping Web3.0 gaming protocols.
Crypto Platform Matrixport under Bitmain Co-Founder Received $100M in Series C Funding,Valued over $1B
The Singapore-based Digital financial service platform Matrixport led by Wu Jihan, the co-founder of the world's top Bitcoin mining machine provider giant Bitmain mining, raised $100 million in Series C financing.
Argo Blockchain Secures $20M Loan to Build Out West Texas Mining Facility
London-based Argo blockchain has secured a $20 million loan from Galaxy Digital, providing momentum as a driving force to expansion.
African Blockchain Ventures See Explosive Growth
African blockchain ventures experienced a 429% increase in funding, surpassing the global average of 4%. Seychelles and South Africa accounted for 81% of the funding, and Nigeria had the highest number of deals but only accounted for 3.4% of funding. Median deal size has significantly increased, indicating growing investor confidence.
Space Runners Raises $10M Funding to Democratize Blockchain-Backed Fashion Metaverse
Space Runners announced that it raises $10 million in a funding round co-led by Polychain and Pantera Capital. The company wants to use the funding to expand its NFT product lines.
Crypto Trading Robot Platform 3Commas Raises $37m in Series B Funding
3Commas announced the completion of a $37 million Series B financing. The new funding would be used for advancing its trading automation and the portfolio management technology ecosystem.
Prime Trust Pulls $100m in Series B to Float New Products
Cryptocurrency infrastructure service provider, Prime Trust LLC, has raised $107 million in Series B funding as it seeks to deepen ties with its clients with its proposed new products.
Celo Co-Leads $100M Capital Raise with Other Major Crypto Protocols to Support DeFi Adoption
Celo, a smartphone-driven blockchain platform, is raising the initial 100 million funding through collaboration with other top DeFi protocols to promote DeFi adoption among mobile phone users worldwide.