VENTURECAPITAL
OPNX Reveals Venture Capital Backers
OPNX, a new exchange allowing traders to buy and sell claims against bankrupt firms, has revealed its venture capital backers, including AppWorks, Susquehanna, DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital. The exchange has faced criticism due to its association with the bankrupt 3AC hedge fund, but the company claims it will help make customers of failed crypto ventures whole again.
Web3 Startup Funding Drops 82 percents YoY
VC funding for Web3 start-ups decreased by 82% YoY in Q1 2023, dropping to $1.7 billion. The number of big funding rounds hitting nine figures almost completely dried up over the past year. The decline in Web3 funding is attributed to investors opting for a risk-off approach and seeking opportunities in industries they know best.
2022 was a tough year for crypto with a decline in venture
Due to tough macro circumstances and industry developments, blockchain and cryptocurrency-related VC investments fell every quarter in 2022.
Alexis Ohanian bought 50000 ETH
Ohanian founded 776 Venture Capital using his early ETH and Coinbase investments.
FTX investors file class-action suit against Sequoia
FTX investor class-action lawsuit venture capital companies have a "tricky case," according to a crypto lawyer.
A group of nine banks has invested $45 million in Carbonplace
The independent UK Carbonplace organization will start later this year under CEO Scott Eaton.
Venture capital firm Andreessen Horowitz voted against a Uniswap proposal
Andreessen Horowitz (a16z) opposed a final plan to instal Uniswap V3 on the BNB Chain utilising the Wormhole bridge.
Injective Launches $150 Million Ecosystem
Injective, a layer-1 blockchain technology, is funding Cosmos network developers with $150 million. Pantera Capital, Kraken Ventures, Jump Crypto, and Gate Labs support the fund.
QuickNode Closes $60 Million Funding Round
QuickNode raised $60 million. Series B was the company's biggest round since October 2021. Quick Node hosts 16 blockchains, including Ethereum, Matic, Optimism, Arbitrum, and Solana.
Former FTX US Head Launches New Crypto Software
Former FTX US CEO launches bitcoin software startup. Brett Harrison's latest firm, Architect, received $5 million from investors. The firm will create crypto trading software for huge organisations.
CFTC Commissioner Questions VCs' Due Diligence
Investor due diligence in the failing crypto-exchange FTX has sparked concerns from the Commodity Futures Trading Commission (CFTCP). VCs had to write down their multimillion-dollar investments to practically nothing, raising "serious doubts" about their responsibility.
Two Sigma Ventures Pulls $400m in Two Funding Rounds
Multi-dimensional venture capital firm, Two Sigma Ventures (TSV) has raised two funds worth as much as $400 million to invest in early-stage startups.
Venture Capital Firm MetaWeb Ventures to Establish $30M Venture Fund
Venture capital firm MetaWeb Ventures has announced the launch of a $30 million venture fund to focus on decentralized social media, DeFi, gaming and decentralized autonomous organizations.
Venture Capital Firm Variant to Establish $450m Venture Fund III
Venture capital firm Variant has announced the launch of a $450 million Venture Fund III to help startups focused on Defi and Web3 infrastructure.
Crypto Investments Shrunk nearly 25% to about $9.3B in H1
Venture capital firms’ penetration of the crypto space has slowed, shrinking nearly 25% from a record $12.5 billion invested in the first half of last year to about $9.3 billion in the first six months of this year.