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Sky Mavis Raises $150 Million in Financing Round Led by Binance to Refund Users Affected by the Ronin Bridge Exploit

Sky Mavis Raises 0 Million in Financing Round Led by Binance to Refund Users Affected by the Ronin Bridge ExploitSky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like Animoca Brands, a16z, Dialectic, Paradigm, and […]

Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets

Layerzero Labs Secures $135 Million to Bolster Cross-Chain Interoperability

Layerzero Labs Secures 5 Million to Bolster Cross-Chain InteroperabilityLayerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to $1 billion and the funds will be leveraged to develop cross-chain decentralized applications […]

Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets

Metametaverse Secures $2 Million — Aims to Achieve Metaverse Interoperability

Metametaverse Secures  Million — Aims to Achieve Metaverse InteroperabilityMetametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved by building a common pool of assets and experiences through […]

Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets

Optimism Raises $150 Million in Series B Funding Round Led by Paradigm and A16z

Optimism Raises 0 Million in Series B Funding Round Led by Paradigm and A16zOptimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation […]

Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets

Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding

Japanese Fintech Firm Kyash Raises  Million, Jack Dorsey’s Block Participates in FundingA Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into the Japanese mobile financial app firm is the Block’s first investment in the Asia Pacific region, according to the announcement. Fintech Firm Kyash Gets a […]

Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets

NFT Infrastructure Provider Rarify Gets $10 Million Investment in Series A Funding Round Led by Pantera Capital

NFT Infrastructure Provider Rarify Gets  Million Investment in Series A Funding Round Led by Pantera CapitalRarify, a startup that helps third parties include NFT elements in their tech platforms, has raised $10 million in its Series A funding round. The round was led by Pantera Capital, a leading cryptocurrency-based venture capital firm. The company has now reached a reported valuation of $100 billion amidst the rise in popularity NFTs are […]

Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets

Ethereum Web3 Wallet Rainbow Raises $18 Million From Alexis Ohanian’s Seven Seven Six

Ethereum Web3 Wallet Rainbow Raises  Million From Alexis Ohanian’s Seven Seven SixThe team behind the Ethereum wallet Rainbow announced the project has raised $18 million in a Series A funding round led by Alexis Ohanian’s venture capital firm Seven Seven Six. The new financing that follows the startup’s $1.5 million seed round will allow Rainbow to focus on “onboarding the next 100 million users to Web3.” […]

Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets