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Funding
Crypto News Site The Block Bought by Foresight Ventures in $70M Deal
The crypto data and news site plans to expand in Asia and the Middle East.
Venture Capital Lightspeed Faction Starts $285M Fund for Blockchain Startups
The new fund will focus mainly on early-stage crypto projects, participating in seed-stage and Series A funding rounds.
Bain Capital Crypto, Polychain Lead $6M Funding Round For Privacy Protocol Firm Nocturne Labs
Other investors included Ethereum co-founder Vitalik Buterin, Bankless Ventures and HackVC.
A Better Way to Distribute Crypto Ecosystem Grants
Token project treasuries, foundations and grant programs are a necessary lifeline during the bear market. But this funding could be more fairly disbursed, Lunar Strategy's Tim Haldorsson writes.
DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.
Blockchain Developer Cronos Labs Kicks Off Search for Participants in $100M Accelerator Program
Cronos Labs has signed up Google Cloud, Amazon Web Services and blockchain security specialists PeckShield and Certik as mentors for the program.
OpenSea’s New Deal, McNuggets Land in the Metaverse
The NFT marketplace is letting collectors trade directly with one another, McDonald’s launches a virtual experience and more Web3 news of the week.
Crypto VC Firm Polychain Capital Raises $200M for Fourth Fund: Fortune
The crypto-focused firm has also cut three members of its research and development staff, Fortune reported.
VC Funding in Web3 Plummets 76%: Crunchbase Data
In the second quarter of 2023, Web3 startups raised just over $1.8 billion, compared to $7.5 billion during the same period last year.
Startup Kaito Gets $87.5M Valuation in New Funding to Build AI Search Engine for Crypto
The search engine combines real-time data with large language models like ChatGPT.
