The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure, and the increasing attention that companies are paying to bitcoin as an asset class. The most important events of recent weeks are in the ForkLog review.
Morpho landing protocol has raised $50 million
The developer of the decentralized landing protocol Morpho has closed a $50 million funding round.
We're excited to announce that Morpho has secured $50M, led by Ribbit Capital!
The funding from Ribbit and other strategic partners further enhances Morpho's decentralization and supports its mission to make financial infrastructure a public good. pic.twitter.com/9coxxRKKwn
It was headed by Ribbit Capital with the participation of a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, Kraken Ventures, Hack VC, IOSG, Rockaway, L1D, Semantic and others.
DePIN-the Andrena project has raised $18 million for the development of DAWN
The developer of the Solana-based DePIN protocol DAWN — Andrena — has closed a Series A funding round worth $18 million. This is reported by The Block.
It was led by Dragonfly with the participation of CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures and ParaFi.
According to Andrena co—founder Neil Chatterjee, the round is "significantly oversubscribed" - it was originally planned to raise $5 million. The total amount of funding for the project has reached $38 million, its estimate has not been disclosed.
DEX aggregator Aidatify raised $17.5 million at a valuation of $150 million
Aidatify, an aggregator of data from decentralized exchanges based on artificial intelligence, has closed a Series A funding round worth $17.5 million. His estimate reached $150 million, according to a press release.
The round was led by SM Capital with the participation of other strategic investors. The funds raised will be used to expand the ecosystem and the list of products.
Aidatify uses advanced artificial intelligence technologies to analyze large amounts of data in blockchains and provide financial services.
DuelNow's DeFi betting platform has raised $11 million
DuelNow, a decentralized sports betting platform, has closed an $11 million funding round. It was headed by GEM Digital Limited.
📢 DuelNow has secured an $11M investment.
💡 Stay tuned for more updates.
👏 Thank you to our investors.
🔔 @MorningstarInc#CryptoNews #CryptoCommunity #CryptoInvestors pic.twitter.com/YO58AfiQVO
The peer-to-peer platform based on Arbitrum is focused on reducing fees to achieve higher payouts. According to a press release, today DuelNow caters to fans of the NBA, MMA, NFL and GLB.
Cloud AI firm Hyperbolic raises $7 million
The blockchain-based cloud AI firm Hyperbolic has closed a seed round of financing in the amount of $7 million.
We are thrilled to announce a $7M raise to become the leading Open-Access AI Cloud 🤘🏼🌪️
At Hyperbolic, we’re building an open AI ecosystem and economy where everyone who contributes is rewarded. Our goal is not to merely optimize AI performance to compete with traditional Web2… pic.twitter.com/pXTvmK98yO
It was led by Polychain Capital and Lightspeed Faction with the participation of Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, Third Earth Capital and business angels.
Hyperbolic uses blockchain to ensure the security and reliability of the network. The company aims to reduce the consumption of resources for AI computing by aggregating computing power from GPUs.
Curio's Web3 game Studio has raised $5.7 million
The gaming Web3 studio Curio has closed a seed round of financing in the amount of $ 5.7 million. This is reported by The Block.
The investment round was led by Bain Capital Crypto and SevenX Ventures with the participation of OKX Ventures.
The total amount of financing for the project reached $8.7 million. The funds raised will be used to expand the team.
Curio has also launched the online social strategy game Duper. According to the rules, five players must conspire and deceive the team. The studio stated that Duper is "as much fun as poker, if not more."
Also on ForkLog:
Binance Labs has selected four startups for financing. And then three more.