Plume Network secures $20M for tokenization platform

December 18, 2024 Coin Telegraph

Plume Network secures M for tokenization platform

Investors in the round include Brevan Howard Digital, Haun Ventures, Lightspeed Faction and Galaxy Ventures.

Tokenization startup Plume Network has closed a $20-million funding round to support the development of its real-world assets ecosystem.

According to a Fortune report on Dec. 18, the investment round was led by Brevan Howard Digital, Haun Ventures, Lightspeed Faction and Galaxy Ventures. Previous investors in the startup included SV Angels and Portal Ventures.

The funding follows Plume’s testnet launch in July in partnership with Celestia. The company is developing a tokenization ecosystem that will allow holders of tokenized assets to use them as collateral for loans and other forms of yield generation.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Beam Foundation to debut $150M gaming fund in Abu Dhabi

December 11, 2024 Coin Telegraph

abu dhabi

Beam Ventures will launch in 2025, providing funding and acceleration for blockchain gaming startups in the United Arab Emirates.

The Beam Foundation has disclosed plans for an upcoming venture fund in Abu Dhabi targeting blockchain gaming projects.

According to a Dec. 11 announcement, the fund will launch in the first half of 2025 and manage $150 million in capital backed by local investors.

The fund’s investment thesis is primarily focused on blockchain-based games and gaming infrastructure, but capital will also be deployed for startups working on solutions tied to artificial intelligence, augmented reality and user-generated content.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

VC Roundup: Funding falls to $2.4B in Q3 2024, early-stage startups dominate

November 15, 2024 Coin Telegraph

VC Roundup: Funding falls to .4B in Q3 2024, early-stage startups dominate

AI startups

This edition of Cointelegraph’s VC Roundup features Eidon AI, Brevis, Multiledgers and Alluvial.

Venture capital funding in blockchain-based startups reached $2.4 billion in the third quarter of 2024, marking a 20% decline compared to the previous quarter, according to Galaxy Research.

Between July and September, crypto startups closed 478 deals, a 17% decrease from the second quarter. Despite the slowdown, the year remains on pace to match or slightly exceed 2023 investment levels, with $8 billion invested in the industry’s startups so far. Crunchbase’s Web3 Tracker has previously reported a more conservative figure, citing $5.4 billion in venture capital in the first three quarters of the year.

According to Galaxy’s report, a fivefold increase in funding has been witnessed by startups combining artificial intelligence and blockchain technologies over the last three months. Key contributors included rounds from Sentient, CeTi, and Sahara AI, collectively raising $188 million.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

a16z sees ‘greater flexibility to experiment’ with crypto under Trump

November 11, 2024 Coin Telegraph

A16Z

Legal and policy experts from the crypto arm of a16z are confident that “the future of crypto in the US is bright.”

The crypto arm of venture capital firm Andreessen Horowitz (A16z) said that there will be “greater flexibility to experiment” as the regulatory landscape for crypto improves in the United States.

“While we’ll likely have greater flexibility to experiment, we can’t forget that the fundamental regulatory principles applicable to blockchain systems remain unchanged,” it stated before adding that this means that “where there is trust, there is regulation” still applies.

A16z Crypto legal and policy experts Miles Jennings, Michele Korver, and Brian Quintenz shared their positive outlook for crypto regulations in a blog post on Nov. 10, days after Donald Trump’s presidential election victory on Nov. 6.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report

October 29, 2024 Coin Telegraph

Acquisition

Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.

Venture capital firm Sequoia Capital, which owns 16% of stablecoin platform Bridge, could rake in over $100 million from Stripe’s $1.1 billion acquisition deal of the firm.

Sequoia made a $19 million investment in the crypto firm’s Series A round, which took place within the last year, Bloomberg reported on Oct. 29, citing people familiar with the matter.

Other VC firms are also set for hundreds of millions of dollars in windfall from their stakes in Bridge, including Ribbit Capital, Haun Ventures, Index Ventures, and Bedrock Fund Management.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Mercy Corps CIO explains how NGOs can integrate blockchain to amplify their efforts

October 16, 2024 Coin Telegraph

Adoption

Rapid and efficient humanitarian aid distribution is enhanced through the use of blockchain technology. Mercy Corps CIO Scott Onder explains how.

Over the past few years, saying “blockchain fixes this” has become a common trope. However, in the case of international aid distribution being enhanced by the integration of blockchain, the phrase has proven to be true.

When a crisis occurs, reaction time is paramount, and according to Mercy Corps chief investment officer Scott Onder, using data analytics and blockchain to take action before disaster strikes is even more effective from a humanitarian impact and cost perspective.

On Episode 47 of The Agenda podcast, hosts Ray Salmond and Jonathan DeYoung discuss how Mercy Corps — a global team of humanitarians focused on alleviating suffering, poverty and oppression — has embraced Web3 and blockchain to amplify its charitable efforts and aid distribution.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Gate Ventures, Movement Labs, Boon Ventures to launch $20M crypto fund

October 13, 2024 Coin Telegraph

Gate Ventures, Movement Labs, Boon Ventures to launch M crypto fund

Coin Telegraph

The fund will support protocols targeting the Move programming language and interoperability with the Ethereum ecosystem.

Venture capital firms Gate Ventures and Boon Ventures announced a partnership with Movement Labs for a new $20 million fund dedicated to Web3 startups.

According to an Oct. 13 announcement, the fund targets the development of Move-based protocols, especially projects bridging the Move network with Ethereum-compatible (EVM) applications.

“The fund will invest across a range of Web3 verticals within the Move ecosystem,” a spokesperson for Gate Ventures, the investment arm of crypto exchange Gate.io, told Cointelegraph.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

AI startups draw record $11.8B funding in Q3

October 9, 2024 Coin Telegraph

AI startups draw record .8B funding in Q3

2024

According to Stocklytics, AI startups accounted for 30% of total venture capital funding in the third quarter of 2024.

Despite a general decline in venture capital funding, artificial intelligence startups saw another quarter of strong cash injections.

According to data compiled by analytics company Stocklytics, AI startups raised $11.8 billion during the past 90 days, accounting for 30% of total venture capital funding in the third quarter of 2024.

The surge occurred despite the United States increased export restrictions on AI chips, valuation uncertainties, and earlier disappointing earnings from startups, creating a mixed landscape for investors.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

DMCC and CVVC Partner to Drive Web3 Innovation

October 6, 2024 Bitcoin.com

bitcoin.com

The Dubai Multi Commodities Centre (DMCC) Crypto Centre and the Swiss early-stage blockchain venture capital firm CVVC have partnered to support the Web3 ecosystems in Dubai and Switzerland. The partnership aims to foster collaboration, knowledge sharing, and innovation in blockchain technology. Both organizations believe this collaboration will accelerate Web3 adoption and drive business innovation globally. […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Celestia Foundation secures $100M capital led by Bain Capital Crypto

September 23, 2024 Coin Telegraph

celestia

The investment round’s backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestia’s total fundraising to $155 million.

The Celestia Foundation has secured $100 million in a funding round led by Bain Capital Crypto, with contributions from investors like Syncracy Capital, 1kx, Robot Ventures, and Placeholder.

According to a Sept. 23 announcement, the capital raised brings Celestia’s total fundraising to date to $155 million after a recent launch as one of the first modular data availability layer protocols.

The startup targets one of the key challenges in blockchain networks: scalability and data availability.

venture capital

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