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African Blockchain Business Funding Rose 429% in 2022 — Report
20.4.2023
In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds...
Yoz Labs Raises $3.5M to Build Web3 Notification System
19.4.2023
Led by early stage venture firm Electric Capital, the funding round included several well-known Web3 investors and angels
Bitcoin Financial Services Firm Unchained Capital Raises $60M
18.4.2023
The Series B fundraise comes about five months after the company cut 15% of its staff amid the pressures of crypto winter
18 industry vets share tips for launching a crypto startup in a bear market
18.4.2023
A bear market may not be the best of times for a crypto startup, but it’s not an insurmountable barrier, either
African blockchain ventures outpace global funding growth: Report
18.4.2023
Africa witnessed a 429% YoY increase in venture funding in 2022, with the majority of funding coming from Seychelles and South Africa
Unchained raises $60M to offer collaborative custody Bitcoin services
18.4.2023
Texas-based Unchained Capital hopes to undermine single points of failure and mitigate counterparty risk with its substantial $60 million raise, led by Valor Equity Partners
Aleph Zero launches $50M ecosystem funding program
18.4.2023
The Funding Program for the ecosystem involves grants, incubation, and acceleration for all phases of product development, with approved applicants receiving up to $500,000 per project
IMF Says Sub-Saharan Africa Already Feeling Effects of the ‘Big Funding Squeeze’
18.4.2023
Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are already “feeling the effects of the funding...
Nigerian Crypto and Web3 Startup Lazerpay Shuts Down After Failing to ‘Close a Successful Funding Round’
15.4.2023
The Nigerian crypto and Web3 startup Lazerpay announced on April 13 that it will cease operations. Co-founder and CEO Njoku Emmanuel said the decision to cease operations was made after Lazerpay failed to successfully close a funding round. The CEO also said he is ready to listen to offers from...
Solana’s Crypto and Web3 Smartphone ‘Saga’ Available to the General Public on May 8
14.4.2023
Solana’s cryptocurrency and Web3 smartphone, Saga, will be available for purchase on Monday, May 8, 2023. Crafted by OSOM, the Android smartphone is designed specifically for Web3 applications and enables users to self-custody crypto assets using its Seed Vault feature. Solana Smartphone Saga...
Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means
14.4.2023
DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding
Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research
13.4.2023
Despite macroeconomic headwinds, a Galaxy Research report says activity could rebound in the second quarter of 2023 following recent crypto price increases
RenQ Finance Raises Nearly $1 Million in 24 Hours as Stage 4 Completes
12.4.2023
PRESS RELEASE. After RenQ Finance achieved remarkable success by completing stage 4, they generated immense excitement among investors after embarking on stage 5. In just the last 24 hours of stage 5, RenQ has secured over $1 million in funding, bringing the total raised for this stage to...
Information Protocol RSS3 Raises $10M via Token Sale to DWF Labs
11.4.2023
RSS3 recently unveiled RSS3 AIOP, an AI training environment providing Web3 information to the likes of ChatGPT
Sei Labs Raises $30M for Trading-Focused Layer 1 Blockchain
11.4.2023
Investors in the two strategic rounds included Jump Crypto, Distributed Global and Multicoin Capital
Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus
11.4.2023
Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018
AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets
11.4.2023
A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into...
AI-Blockchain CryptoGPT Secures $10 Million in Funding, Valued at $250 Million – Bull Market Back?
11.4.2023
CryptoGPT, an Ethereum layer-2 solution dedicated to AI development, has raised $10 million in funding at a valuation of $250 million.
The Series A round was led by DWF Labs, a leading digital asset market maker and multi-stage web3 investment firm, the company said in a Monday Twitter thread. ...
AI-Focused Blockchain CryptoGPT Raises $10M Funding at $250M Valuation
10.4.2023
LABEL Foundation Secures 7 Digit Investment From DWF Labs
10.4.2023
PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm....