Share this article
BTC
$81,977.85
+
6.83%ETH
$1,619.25
+
10.92%USDT
$0.9996
+
0.03%XRP
$2.0016
+
10.60%BNB
$577.18
+
5.08%USDC
$0.9999
-
0.01%SOL
$115.67
+
9.69%DOGE
$0.1561
+
8.51%TRX
$0.2408
+
5.75%ADA
$0.6182
+
9.10%LEO
$9.3852
+
2.42%LINK
$12.37
+
11.81%AVAX
$18.18
+
9.31%TON
$3.0286
+
1.48%XLM
$0.2346
+
6.41%HBAR
$0.1673
+
10.21%SHIB
$0.0₄1187
+
9.05%SUI
$2.1375
+
10.49%OM
$6.7344
+
7.27%BCH
$295.85
+
8.47%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Blockchain Staking Firm Blockdaemon Raises $28M in Series A Funding
The round was led by Greenspring Associates and included Goldman Sachs.
Blockdaemon, a provider of blockchain staking infrastructure, raised $28 million in a Series A round of funding that included Goldman Sachs.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The fundraising round was led by Greenspring Associates and also included Coinfund, CoinShares, BlockFi, Uphold and Voyager Digital.
Blockdaemon simplifies the business of participating in proof-of-stake (PoS), an alternative to energy-intensive proof-of-work mining, achieved by staking assets and having skin in the game when it comes to running a node and validating transactions on a network.
Blockdaemon supports more than 40 PoS networks, including Polkadot, Cardano and Cosmos. But the main event will be Ethereum’s full transition to ETH2.0 in the coming year or so.
When that happens, staking on Ethereum will become simplified to the point where it’s no different to earning interest on a checking account, Blockdaemon founder and CEO Konstantin Richter said in a recent interview with CoinDesk.
“Users won’t have to do anything,” he said. “If they have ETH in a wallet, it’ll earn interest automatically.”
Read more: Valid Points: Why Staking on Eth 2.0 Is Becoming Lucrative for Exchanges
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
