Tiger Global marks down stakes in BAYC and OpenSea: Report

December 1, 2023 Coin Telegraph

Investment management company Tiger Global marked down its stakes in the NFT marketplace OpenSea by 94%.

Investment firm Tiger Global has reportedly marked down several investments, including stakes in popular nonfungible token (NFT) projects like the Bored Ape Yacht Club (BAYC) collection and NFT marketplace OpenSea.

Citing anonymous sources, media outlet Bloomberg reported that the investment company marked down its stakes on BAYC by 69% and on OpenSea by 94%.

Cointelegraph reached out to Tiger Global for comments but did not get an immediate response.

Tiger Global has been actively investing in various areas in the crypto space. In 2021, Tiger Global co-led a $24 million funding round for blockchain security firm CertiK as it made efforts to expand its security offerings for the decentralized finance (DeFi) sector.

In 2022, Tiger Global participated in a Series B investment round for the zero-knowledge applications platform Aleo. The same year, Tiger Global also invested in the layer-2 network Polygon.

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Quicknode Raises $60 Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally

January 24, 2023 Bitcoin.com

Quicknode Raises Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally

$35 Million

Web3 infrastructure firm Quicknode raised $60 million in a Series B funding round, according to an announcement the company made on Tuesday. The capital injection brings the company’s post-valuation to $800 million, and Quicknode says the funds will be used to “further fuel blockchain adoption.” Quicknode Aims to Streamline Web2 to Web3 Movement With $60 […]

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VC-Backed Blockchain Project Aptos Reveals Protocol’s ‘Mainnet Has Arrived’

October 18, 2022 Bitcoin.com

Altcoins

A new layer one blockchain network called Aptos announced the launch of its mainnet on Monday, following a slew of capital injections from a number of venture capital (VC) firms. The blockchain protocol, crafted with a Rust-centric programming language dubbed Move, is backed by VC companies such as Parafi, Andreessen Horowitz (a16z), FTX, and Multicoin […]

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Web3 Security Firm Certik Raises $88 Million in Series B3 Financing Round Led by Tiger Global and Others

April 8, 2022 Bitcoin.com

Web3 Security Firm Certik Raises Million in Series B3 Financing Round Led by Tiger Global and Others

Auditing

Certik, a Web3 and blockchain auditing and security firm, has raised $88 million in its recent B3 funding round. The round, which was led by Tiger Global and included Goldman Sachs as an investor in the firm, gives the company a valuation of $2 billion. This doubles the valuation that Certik reached via its last […]

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One Ethereum Rival Is Exploding As Institutional Investors Pile In – And It’s Not Solana, Avalanche or Cardano

April 8, 2022 The Daily Hodl

Altcoins

An Ethereum (ETH) challenger is surging after blue-chip investors poured hundreds of millions of dollars into the crypto project. According to a new report by Bloomberg, Near Protocol (NEAR) just raised $350 million led by tech investment firm Tiger Global, nearly double what it acquired through fundraising just three months ago. NEAR is a layer-1 […]

The post One Ethereum Rival Is Exploding As Institutional Investors Pile In – And It’s Not Solana, Avalanche or Cardano appeared first on The Daily Hodl.

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NEAR Raises $350M in Tiger Global-Led Funding Round

April 6, 2022 The Crypto Briefing

Source: Crypto Briefing Go to Source Author: Stefan Stankovic

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

March 31, 2022 Bitcoin.com

Layerzero Labs Secures 5 Million to Bolster Cross-Chain Interoperability

$135 million

Layerzero 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 […]

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Polygon Raises $450 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary

February 7, 2022 Bitcoin.com

Polygon Raises 0 Million From Sequoia Capital India, Softbank, Shark Tank’s Kevin O’leary

$450 Million

The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3 applications. Sequoia Capital India and […]

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FTX Raises $400 Million in Series C Fundraise, Firm Reaches $32 Billion Valuation

January 31, 2022 Bitcoin.com

FTX Raises 0 Million in Series C Fundraise, Firm Reaches Billion Valuation

400 million

Following the company’s subsidiary FTX US raising funds in its first Series A financing round, parent company FTX Trading Ltd. has announced it has secured $400 million in a Series C fundraise. The crypto company’s latest financing round brings the firm’s post-money valuation to $32 billion. FTX Series C Fundraise Brings Firm’s Valuation to $32 […]

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Moonpay Raises $555 Million in First Funding Round

November 23, 2021 Bitcoin.com

Moonpay Raises 5 Million in First Funding Round

$555 million

Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that Moonpay provides is key to several hundred wallets and services […]

Tiger Global

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