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VC Roundup: Investors double down on funding for crypto, blockchain startups

19.6.2024
This edition of Cointelegraph’s VC roundup features Plural Energy, Everclear, Ava Protocol, GoPlus, and other startups

Solana gaming studio Mirror World raises $12M in funding

18.6.2024
The firm’s Sonic protocol, launched in March, is the first gaming rollup on Solana that allows developers to create SVM chains for their GameFi projects

Crypto startup funding eclipses $100B

16.6.2024
The $100 billion mark took just 10 years with the bulk raised since the COVID-19 pandemic

Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects

13.6.2024
On June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850 Million Fund Established in 2018 by Coinbase co-founder Fred Ehrsam and ex-Sequoia...

Paradigm raises $850M for third crypto fund

13.6.2024
Paradigm has been discussing its new crypto fund for the past few months as markets rebounded

Blockchains Are Revolutionizing Public Goods Funding

13.6.2024
Rewriting how capital flows through society is arguably the biggest unlock in crypto. As blockchains compete for market share, we’re begging to see rapid experimentation with novel forms of funding that grow ecosystems, says Sophia Dew

NEAR Foundation Forms Nuffle Labs With $13M in Funding

13.6.2024
The spinout is aimed at advancing NEAR's modularity and bringing more decentralized development to the ecosystem

Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding Round

13.6.2024
The Egyptian fintech startup Sahl has raised $6 million through a Series A funding round. The startup is set to use the capital raised to strengthen its local operations and fund its expansion into the Kingdom of Saudi Arabia. Sahl’s Strategic Partnerships The Egyptian fintech startup Sahl...

Pixelverse Raises $5.5 Million to Expand Web3 Gaming Ecosystem

12.6.2024
Pixelverse, a developing entertainment studio and game ecosystem, has secured $5.5 million in a private funding round led by prominent Web3 venture capital firms. The funds are intended to support the growth of Pixelverse’s gaming platform, which has seen significant user engagement since...

Funding Open-Source Generative AI With Crypto

11.6.2024
Crypto infrastructure could help address one of the biggest challenges in open source generative AI, says Jesus Rodriguez

Polygon Unveils $1 Billion Grant Program to Foster Blockchain Development Over Next Decade

11.6.2024
Polygon has announced a $1 billion Community Grants Program, set to roll out over the next ten years, aimed at supporting developers on its platform. This initiative promises to allocate about $100 million annually to fund innovative projects that enhance the Polygon and Ethereum ecosystems....

Is $4,000 Ethereum a distant dream? Futures premium plunge to 3-week low

10.6.2024
Lack of enthusiasm toward cryptocurrencies comes from regulatory uncertainty, but there’s also some concern on the macroeconomic side

Squads Labs Raises $10M Series A, Unveils Smart Wallet for Public Testing on iOS

10.6.2024
The funding round led by Electric Capital included participation from RockawayX, Coinbase Ventures, L1 Digital and Placeholder

The Sandbox raises $20M at $1B valuation, promises to expand creator economy

7.6.2024
During a period when major metaverse projects are struggling to gain traction following the bear market of 2022-23, Sandbox announced that it has added over 330,000 unique creators

Report: Kraken Considers IPO Amid Renewed Investor Interest

6.6.2024
Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the current digital-asset market rally and a perceived...