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

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.

Crypto Whales Load Up 0,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

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.

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

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. […]

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

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.

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

DePIN to be ‘crypto’s next big use case’ — MV Global

September 5, 2024 Coin Telegraph

Arweave

Applications range from digital storage to energy markets, the report said, while pointing to significant use cases for the technology.

Decentralized physical infrastructure networks (DePINs) will be Web3’s “next big use case,” with the potential to onboard “a significant number of new users to the crypto space,” according to a Sept. 5 report by MV Global, a Web3 investing firm.

“Real-world adoption has accelerated with hundreds of thousands of users of multiple individual protocols,” MV Global said. “[T]his is only the start of what we think will be a massive wave of growth… not only for current Web3 users but also for Web 2 converts.”

DePINs are blockchain protocols aimed at decentralizing real-world infrastructure and systems, including communications networks, data warehouses, energy markets, and more. According to MV Global, the ecosystem currently comprises upward of 1,000 projects and represents more than $50 billion in aggregate market capitalization.

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

Space and Time Secures $20 Million in Series A Funding to Enhance AI and Blockchain

August 27, 2024 Bitcoin.com

Space and Time Secures Million in Series A Funding to Enhance AI and Blockchain

Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time […]

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

Rumpel Labs to launch platform for tokenizing airdrop points

August 26, 2024 Coin Telegraph

Airdrop

The protocol seeks to address longstanding limitations of airdrops.

Rumpel Labs will launch a new decentralized finance (DeFi) protocol in September to enable users to tokenize and trade airdrop points, according to an Aug. 26 announcement.

Backed by venture capital firms including Dragonfly and Variant, Rumpel “aims to improve liquidity and price discovery for offchain loyalty points, unlocking new opportunities for point holders, traders, airdrop hunters, and point issuers,” it said.

Rumpel joins the ranks of other newly launched protocols — such as Nudge — seeking to remedy problems with existing methods of attracting and incentivizing users in Web3. Nudge is building a two-sided marketplace where protocols pay users incentives to redirect onchain assets, liquidity and engagement.

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

Crypto VCs see ‘big opportunities’ with L2 interoperability, but not AI

August 19, 2024 Coin Telegraph

Coin Telegraph

Cointelegraph spoke to VCs to find out which sectors they’re currently interested in, as investments increased in Q2.

Layer-2 blockchains and infrastructure projects are among the big winners as blockchain venture capital (VC) spending rose to $2.7 billion in the second quarter of 2024.

Decentralized social media, decentralized physical infrastructure networks and decentralized science are some of the hot areas currently gaining traction.

However, some big-name VCs are starting to cool on artificial intelligence after revenue and demand failed to materialize.

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

Crypto Biz: Riot increases Bitfarms stake in takeover strategy

August 16, 2024 Coin Telegraph

Bitcoin mining

This week’s Crypto Biz examines Bitdeer’s earnings boost, Hamster Kombat’s rejection of venture capital offers, Grayscale’s new crypto fund and a Solana exchange-traded fund in Brazil.

The ongoing dispute between Bitcoin mining giants Riot Platforms and Bitfarms has taken a significant turn in recent days. On Aug. 13, Riot Platforms announced the acquisition of an additional one million Bitfarms common shares through open market purchases.

The acquisition increased Riot’s holdings to 85.3 million shares, up from 84.3 million, and was valued at approximately $2.28 million. As a result, Riot now holds an 18.9% stake in the Canadian firm.

The acquisition is part of Riot’s broader strategy to influence changes within Bitfarms, including the push for more independent members on the Bitfarms board. Just a day before Riot’s announcement, Bitfarms revealed a significant overhaul of its board of directors, which now comprises four independent members out of five total directors. Nicolas Bonta, who served as interim president and CEO of Bitfarms, has stepped down from the board.

Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

VC Roundup: Crypto fundraising grows, but investors are more wary

August 16, 2024 Coin Telegraph

Coin Telegraph

This edition of Cointelegraph’s VC Roundup features Parfin, Andrena, Blockscout, and Cartridge.

The crypto fundraising landscape experienced a notable increase in volume in July. According to data from Messari, month-over-month deal volume rose 72.9% to $1.44 billion, despite a slight drop in deal count to 177. Among venture firms, Pantera Capital and Mirana Ventures were behind the largest early-stage investments.

However, the growth comes amid increasing caution among venture capitalists. Adam Cochran of Cinneamhain Ventures noted that limited partners (LPs), primarily interested in outperforming index fund returns, are finding a better risk-reward ratio on Bitcoin (BTC) and Ether (ETH) holdings than on early-stage startups.

LPs are also increasingly concerned about returns. A recent survey by law firm Barnes & Thornburg revealed that investors are now more focused on liquidity and better earnings, with many pushing for more favorable financing terms.

venture capital

Share this video