A project that is backed by a16z, Balaji Srinivasan, Samsung Next, and Paris Hilton’s 11:11 Media has the ambitious goal of becoming the native IP infrastructure of the internet. Story Protocol raised $54M in a funding round from several large name investors. The platform, built on blockchain, will serve as an open repository for many …
Venture Trotter Weekly Review: An on-chain repository for IP Read More »
A “universal exchange” and derivatives protocol brings tokenized real-world assets (RWA) on-chain. ProsperEx raised an undisclosed amount in a strategic round from EMURGO Ventures, the venture capital offshoot of Cardano’s developer. The on-chain derivative protocol supports perpetual contracts, options, spot trading, DeFi mining, staking, and more. Regarding tradeable assets, the protocol supports both cryptocurrencies as …
Being able to conduct Web3 research is essential if one wants to participate or invest in the space. Web3 is an escalating field of study that delves into the transformative potential of the decentralized web. It primarily focuses on the capabilities of blockchain technology, smart contracts, and decentralized finance that aims to give users control …
A new Web3 social media platform is enabling users to buy and trade shares (known in app as “Keys”) in each other. Friend.tech raised an undisclosed amount in a seed round that was led by Paradigm. The platform began inviting influencers with large Twitter followings in order to hit the ground running during its launch …
A company is building an EVM-compatible L1 with built-in connectivity to all blockchains, even non-smart contract chains like Bitcoin and Dogecoin. ZetaChain raised $27 million in a round that included Blockchain.com, Jane Street Capital, VistaLabs, and more. With ZetaChain, users can access all of their assets and data from one wallet on a single platform …
A Web3 company has the ambitious goal of bridging liquidity across DeFi, CeFi, and TradFi on a trustless fund infrastructure based on the ERC-3525. Solv, developer of a protocol that enables fundraising from on-chain financial instruments, raised $6M from investors including Nomura. Per the company website, they helped raise $158M for fund products, have TVL …
A Web3 financial super app is competing directly with banks with the goal of mass adoption for crypto. Animoca Brands, developer and publisher of a broad portfolio of NFTs and blockchain games, announced that it will invest $30 million as part of a memorandum of understanding for a strategic partnership with hi. hi’s financial platform …
Equity raises that value Web3 companies at $500 million are uncommon right now, especially if they aren’t direct AI plays. However, one such raise occurred last week, and it was from a project that aims to be the primary ecosystem for ZK apps. p0x labs, the developer of Manta Network (multi-modular ecosystem for ZK apps), …
Venture Trotter Weekly Review: A Big Bet on ZK Adoption is Valued at $500 Million Read More »
Alluvial, the company that is supporting the development of the Liquid Collective, raised a $12 million Series A round co-led by Ethereal Ventures and Variant. The Liquid Collective is a liquid staking protocol, and somewhat of a competitor to Lido, but with an institutional focus (Ruceto published a deep dive investor report on Lido here). …
Shardeum, an upcoming EVM-based L1 that uses “dynamic state sharding” to achieve scalability, raised a $5 million in a strategic round at a valuation of $248 million. This follows the company’s $18.2 million seed round in October 2022 at a $200 million valuation. Sharding refers to a technique where a blockchain network is split into …
Venture Trotter Weekly Review: A Unique Take on Sharding Read More »
There has been much fanfare recently over signs that crypto assets are gradually making their way into TradFi financial products (see: Fidelity’s spot ETF filing for Bitcoin, and HSBC allowing Hong Kong Customers to trade Bitcoin and Ethereum futures ETFs). While moves like these may bring a substantial amount of new capital into crypto assets, …
Venture Trotter Weekly Review: Bringing Real World Assets On-Chain Read More »
Neutron, a cross-chain smart contract platform built on Cosmos, raised $10M in a Seed Round led by Binance Labs and CoinFund, with participation from Delphi Ventures, LongHash Ventures, Semantic Ventures, and Nomad Capital. This follows Neutron’s mainnet launch in May 2023. Neutron uses CosmWasm to bring smart contracts to Cosmos. The blockchain benefits from Interchain …
Venture Trotter Weekly Review: A Boost for Developers in the Cosmos Ecosystem Read More »
The Venture Trotter tracks the flow of institutional capital into crypto projects,
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