As each month passes, the flow of money continues pouring into Digital Asset projects. Just this last week, Jack Dorsey and Rapper Jay-Z gave $23.6M in BTC to a new development trust; the impact of this won’t truly be felt for months to come.
Over half a Billion dollars have been raised by teams across the spectrum. Let’s take a peek at who they are: Pyctor indicated it was raising funds but didn’t disclose the amount. They empower institutions to securely issue, access, and manage digital assets in a regulatory compliant manner. Async Art secured $2M in seed funding; NFT sector is heating up for sure. They provide living art created to change over time.
Next up Mobile money platform Pngme which raised $3M to expand across Africa. They simplify financial data so developers can innovate faster. Reflexer Labs raised $4.4M to build out ETH-backed Stable Asset, RAI. This is really needed in a time where regulators might make it so that every Stablecoin user is KYC’d. RAI is a decentralized, stable and non pegged currency made for the digital economy.
Blockchain remittance platform Valiu raised $5.25M in seed funding. They offer the safest way to send and multiply your money. Ethereum storage network Swarm raised $6M in a private token sale. Synthetix announced a $12M raise led by Paradigm, Coinbase Ventures, and IOSG. They are a derivatives liquidity protocol and are the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets.
Now we kick things into high gear. Bitcoin mining infrastructure provider Computer North raised $25M to expand operation. Mining is a vital operation in the Bitcoin ecosystem and they provide scalable, flexible, and efficient operations for colocation. 6Xing that raise, Digital Asset wallet startup Blockchain.com raised $120M from investors including Google Ventures. Trusted by 67M wallets with over $620B in transactions since 2013.
Last but not least, the firm that brought us NBA Top Shot and CryptoKitties, Dapper Labs raised $250M+ at $2B valuation. They are the serious business of fun and games on the Blockchain.
In addition to all of those funds being put to work, several funds also announced funding for DeFi, Digital Assets, Insurance, and banking. There were also acquisitions where Mogo acquired 20% of Coinsquare for $56.4M and Bitso bought Gibraltar-based Digital Asset derivatives platform Quedex. Remember folks stay STRONG and HODL on!