2024-05-06
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BlockBeats reported that on May 6, according to official news, BitTap, the Taproot Assets infrastructure construction project, has completed a pre-seed round of financing, led by Waterdrip Capital. The funds raised will be used to develop a decentralized trading platform and non-custodial wallet based on the Taproot Assets protocol.


As the first decentralized wallet in the field of the Taproot Assets protocol, the Alpha version of the BitTap plugin wallet is expected to be launched in May. The team is committed to building the Taproot Assets ecosystem, promoting compatibility with Bitcoin's Lightning Network and the Bitcoin main network, and has received official support from Lightning Labs. Currently, BitTap has started a seed round of financing, aiming to achieve one-click issuance and management of Bitcoin native assets based on the Taproot Assets protocol.

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BlockBeats news, May 6, according to Cointelegraph, the total financing of the crypto market in April reached 1.02 billion US dollars, involving 161 financings, a slight decrease from the 186 investments in March with a total of 1.09 billion US dollars.


But cryptocurrency venture capital exceeded $1 billion for the second consecutive month this year, the first time in the industry since the end of 2022.


The most notable financings include a $47 million investment led by BlackRock in asset tokenization company Securitize, and a huge investment of $225 million in the "Solana killer" Layer1 blockchain Monad, backed by Paradigm and Coinbase Ventures.


In addition, the teams of blockchain infrastructure startup Auradine and Cosmos-based Layer1 blockchain Berachain also received $80 million and $100 million in funding, respectively.

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2024-05-05
According to BlockBeats, on May 5, according to data from The Block Research, the average amount of Series A financing for cryptocurrency startups in the first quarter of 2024 reached US$26 million, the highest level since the end of the last round of cryptocurrency bull market in early 2022. From January to March, the total venture capital in the cryptocurrency industry increased to US$2.5 billion. (Bloomberg)[Original Link]
According to BlockBeats, on May 5, Amphor, a DeFi protocol incubated by hedge fund MEV Capital, announced the completion of a $4 million seed round of financing, with more than 80 angel investors in the crypto industry participating. The project aims to use algorithms and on-chain technology solutions to simplify the investment of ordinary investors in the DeFi field. Its specific valuation data has not been disclosed. The new funds will be used to expand the team, build its technology stack, and expand other blockchain networks.[Original Link]
According to BlockBeats, on May 5, the dynamic modular service platform Crestal announced the completion of a $2 million Pre-Seed round of financing, with participation from MH Ventures, Cogitent Ventures, and NxGen. The new funds will be used to accelerate the construction of modular services. It is reported that Crestal is a dynamic modular service platform where developers can discover, deploy, and upgrade modular services by binding decentralized providers with verifiable proof of performance (PoP TM). Anyone can work with service providers and be rewarded for maintaining high-quality modular infrastructure that supports Web3 builders on all chains.[Original Link]
2024-05-04
According to BlockBeats, Galaxy Research data showed on May 4 that after three consecutive quarters of decline, venture capital in cryptocurrencies and blockchain startups has seen a significant increase. In the first quarter of 2024, venture capital institutions injected $2.49 billion into 603 transactions in crypto startups, with the amount of financing increasing by 29% from the previous quarter and the number of transactions increasing by 68% from the previous quarter. Several factors have influenced investment dynamics this quarter, including the launch of Bitcoin spot funds (ETFs), innovations in areas such as re-staking, modularization and Bitcoin second-layer solutions, as well as macroeconomic factors such as interest rates.[Original Link]

BlockBeats news, on May 4, according to official news, Farcaster ecosystem SocialFi company Airstack completed a $4 million seed round of financing, Red Beard Ventures led the investment, SuperLayer, Polymorphic Capital, Superscrypt, Hashed Emergent, Delta Blockchain Fund, CSP DAO, NGC, Primal Capital, Kyber, Resolute Ventures and other investors.


It is reported that Airstack provides products and development tools to empower creators and developers and help them profit.

[Original Link]
2024-05-03
According to BlockBeats, on May 3, according to Finsmes, Balcony, a blockchain infrastructure company in New Jersey, announced the completion of the Pre-Seed round of financing, with Avalanche Blizzard Fund participating. The specific amount and valuation information have not been disclosed. The new financing will be used to expand operations and development work. It is reported that Balcony is committed to building an RWA blockchain platform for institutions and government agencies, providing on-chain transactions and asset settlement services, which are currently mainly used in the real estate field.[Original Link]
According to BlockBeats, on May 3, according to Bitcoin news, the cross-chain DeFi protocol EYWA completed a $7 million seed round of financing. This round of financing was led by Michael Egorov, founder of Curve Finance, and participated by Fenbushi Capital, GBV Capital, Big Brain Holdings, Marshland Capital, and Mulana Capital. It is reported that EYWA and Curve are jointly developing a trustless bridge to solve the problem of inter-chain liquidity fragmentation by combining the Curve pool and the actual cross-chain bridge.[Original Link]
According to BlockBeats, on May 3, The Block reported that in addition to acquiring the Ethereum-based blogging platform Mirror, Web3 content publishing platform Paragraph also raised $5 million in new financing, with Union Square Ventures and Coinbase Ventures participating in this round of financing. Paragraph founder Colin Armstrong will serve as CEO, and Mirror founder Denis Nazarov will serve as an advisor.[Original Link]
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