RISC Zero, developer of leading general purpose zero-knowledge (ZK) virtual machine technology, has raised a $40 million Series A. The round was led by Blockchain Capital and joined by seed round lead Bain Capital Crypto, with participation from other notable investors including Galaxy Digital, IOSG, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Aglaé Ventures, IOBC, Tribute Labs' Zero Dao, Figment Capital, and Alchemy Ventures.
According to McKinsey's Web3 report, the financial-services industry has primarily adopted some of these nascent digital technologies and assets. At its peak, the daily volume of transactions processed on so-called decentralized finance exchanges exceeded $10 billion, with various market fluctuations felt in the last twelve months, providing entry and exit opportunities for investors and market participants.
Mind Network, an innovative platform leading the way in data security and privacy within the Web3 ecosystem, is delighted to announce the successful completion of its initial funding round, raising $2.5 million. Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures, Mandala Capital, and other notable investors participated in the funding round.
Blocktrade, the gamified asset marketplace for everyone, has announced the close of its exclusive Blocktrade Exchange Token (BTEX) sale round, which ran from May 5th to 18th and followed a sold-out pre-sale round earlier this year. A total of €4.5 million worth of BTEX has been raised from over 1400 community members in 42 countries.
Celo, a carbon-negative, open-source, and EVM-compatible blockchain ecosystem focused on regenerative financial (ReFi) systems and tools accessible to anyone with a smartphone, today announced that it has joined the Chainlink SCALE (Sustainable Chainlink Access for Layer 1 and 2 Enablement) program.
Fungify DAO has announced the completion of its funding round. The round, led by CitizenX, also included Distributed Global, Infinity Ventures Crypto, Taureon Capital, Anagram, Flow Ventures and more. Angel investors consisting of DCFGod, Joe Eagan (ex-president of Polychain Capital), Mark Borsten (Merit Circle founder) and others also joined.
MET500 LTD has launched a great cryptocurrency staking platform. The user-friendly website offers staking on the 8 most popular cryptocurrencies at the moment: Bitcoin, Litecoin, Dogecoin, Ethereum, RIpple, Tron, Binance BNB, and the USDT stablecoin on ERC20, TRC20 or BEP20 chains.
NF3, a community-first NFT swaps and financing marketplace, announced today that it closed a US$1.65 Million seed funding round. The round is led by Infinity Ventures Crypto and Spartan Group and supported by DWF Labs, and Saison Capital. Angel investors include Neil Gomes, EMEA Head of Fintech at Softbank, David Chreng, Founding Partner at LeadBlock and Bitmex Co-founder Arthur Hayes.
CrossTower, the global cryptocurrency trading platform, announced that it has reached an agreement to acquire BEQUANT, a leading prime brokerage and digital asset exchange, for an undisclosed amount. CrossTower also announced the launch of the first ESG Crypto Fund, in partnership with the Lydian Group, to invest in and rebuild companies that have promising futures.
Lately, hindering inflation, recession risk and global logistics crisis has been all the rage in chatter. Nearly $10 Billion of estimated losses have been caused by supply chain disruption. Yet, the outlook for freight companies and insurers to get themselves out of their current trough remains bleak.