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DeFi ‘Super App’ Legend Raises $15M in a Round Backed By A16z and Coinbase
Quick take:
The company wants to operate as a more useful self-custody wallet, bringing all Ethereum-based services to one place.
When the app launches, users will have their own self-custody wallets embedded in the app.
Legend is working with various decentralised finance applications to enable users to access different services without leaving the app.
Legend, a Decentralised Finance “super app,” has raised $15 million from Andreessen Horowitz (A16z) and Coinabse Ventures. It is being deve
The company wants to operate as a more useful self-custody wallet, bringing all Ethereum-based services to one place.
When the app launches, users will have their own self-custody wallets embedded in the app.
Legend is working with various decentralised finance applications to enable users to access different services without leaving the app.
Legend, a Decentralised Finance “super app,” has raised $15 million from Andreessen Horowitz (A16z) and Coinabse Ventures. It is being deve
Dolomite’s Lending Dapp Surges 600% in a Week to Record $392M TVL
Dolomite, a multi-chain lending dapp launched in 2022, saw its total value locked (TVL) skyrocket nearly 600% in the past week to a record $392.4 million, as per DefiLlama.
The platform’s TVL growth is associated with the recent launch of the much-anticipated Berachain – an EVM-compatible layer 1 chain that uses a Proof of Liquidity (PoL) consensus mechanism.
Dolomite operates as a DeFi money market, enabling users to lend and borrow a wide range of assets, positioning itself as the only pla
The platform’s TVL growth is associated with the recent launch of the much-anticipated Berachain – an EVM-compatible layer 1 chain that uses a Proof of Liquidity (PoL) consensus mechanism.
Dolomite operates as a DeFi money market, enabling users to lend and borrow a wide range of assets, positioning itself as the only pla
British Man Wants to Buy Garbage Site Where Hard Drive With 8,000 Bitcoin Was ‘Dumped’
Quick take:
His ex-girlfriend reportedly accidentally discarded the drive in 2013 containing 8,000 bitcoin.
At the time, Bitcoin traded between $50 and $246, implying a total value of about $400,000 to just under $2 million.
Last year, Howell tried to sue the city council for access to the site or compensation of GBP 495 million ($646 million).
James Howell, a computer engineer based in the U.K., has taken his ‘Bitcoin treasure’ hunt to a whole new level. On Monday, reports emerged that he n
His ex-girlfriend reportedly accidentally discarded the drive in 2013 containing 8,000 bitcoin.
At the time, Bitcoin traded between $50 and $246, implying a total value of about $400,000 to just under $2 million.
Last year, Howell tried to sue the city council for access to the site or compensation of GBP 495 million ($646 million).
James Howell, a computer engineer based in the U.K., has taken his ‘Bitcoin treasure’ hunt to a whole new level. On Monday, reports emerged that he n
Ondo Finance Launches Ondo Chain to Bring Institutional-Grade Financial Markets OnChain
Quick take:
The announcement follows Tuesday’s launch of Ondo Global Markets designed to bring stocks, bonds and ETFs onchain.
The company will use permissioned validators to verify transactions and ensure accurate, up-to-date data.
Ondo Chain will also enable staking for tokenised real-world assets for network security.
Ondo Finance has launched Ondo Chain, a layer-1 blockchain focused on bringing institutional-grade financial markets on-chain. The company has chosen leading traditional ass
The announcement follows Tuesday’s launch of Ondo Global Markets designed to bring stocks, bonds and ETFs onchain.
The company will use permissioned validators to verify transactions and ensure accurate, up-to-date data.
Ondo Chain will also enable staking for tokenised real-world assets for network security.
Ondo Finance has launched Ondo Chain, a layer-1 blockchain focused on bringing institutional-grade financial markets on-chain. The company has chosen leading traditional ass
UAE-Based the Game Company Raises $10M for Its Cloud-Based Web3 Gaming Platform
Quick take:
The Game Company previously raised $5 million at a $40 million valuation in April 2023.
The latest fundraising was led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO.
The company claims to have already onboarded 500,000 waitlisted users for its upcoming cloud-gaming platform.
The Game Company, a UAE-based blockchain gaming infrastructure provider has announced a $10 million funding co-led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO, and o
The Game Company previously raised $5 million at a $40 million valuation in April 2023.
The latest fundraising was led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO.
The company claims to have already onboarded 500,000 waitlisted users for its upcoming cloud-gaming platform.
The Game Company, a UAE-based blockchain gaming infrastructure provider has announced a $10 million funding co-led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO, and o
0G Foundation Launches $88M Fund to Back the Next Generation AI-Powered DeFi Agents
Quick take:
The announcement comes less than a month after completing a $30M AI node sale in January.
It also comes ahead of the company’s anticipated mainnet launch of its AI-focused blockchain in the first or second quarter of 2025.
Last year, the company also raised $35 million in seed funding and a further $40 million extension backed by Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures and Animoca Brands.
0G Foundation has launched an $88 million fund to invest in t
The announcement comes less than a month after completing a $30M AI node sale in January.
It also comes ahead of the company’s anticipated mainnet launch of its AI-focused blockchain in the first or second quarter of 2025.
Last year, the company also raised $35 million in seed funding and a further $40 million extension backed by Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures and Animoca Brands.
0G Foundation has launched an $88 million fund to invest in t
Union Square Ventures Leads $14M Series a for Token Trading Infrastructure Reservoir
Quick take:
The fundraising also attracted participation from Coinbase Ventures, Variant, Archetype, 1kx and others.
It brings the total raised to $26 million following a $10 million seed and $2 million pre-seed rounds announced in 2022 and 2021, respectively.
As part of the deal, Union Square Ventures’ Nick Grossman joined Reservoir’s board.
Token trading infrastructure platform Reservoir has raised $14 million in a Series A round led by Union Square Ventures. Coinbase Ventures, Variant, Ar
The fundraising also attracted participation from Coinbase Ventures, Variant, Archetype, 1kx and others.
It brings the total raised to $26 million following a $10 million seed and $2 million pre-seed rounds announced in 2022 and 2021, respectively.
As part of the deal, Union Square Ventures’ Nick Grossman joined Reservoir’s board.
Token trading infrastructure platform Reservoir has raised $14 million in a Series A round led by Union Square Ventures. Coinbase Ventures, Variant, Ar
Royco Skyrockets to $3B TVL Ahead of Berachain Launch
Royco Protocol, an Ethereum-based yield dapp launched at the end of 2024, has become one of the largest markets in DeFi after its total value locked (TVL) surged an impressive 267,000% in the past month to $3 billion. Royco is the fastest-growing application thanks to record inflows.
The protocol positions itself as a platform for creating Incentivized Action Markets (IAMs). In IAMs, incentive providers offer tokens or points for ‘Action Providers’ to perform on-chain actions, such as depositi
The protocol positions itself as a platform for creating Incentivized Action Markets (IAMs). In IAMs, incentive providers offer tokens or points for ‘Action Providers’ to perform on-chain actions, such as depositi
DePIN Project Beamable Secures $13.5M Series a Round Led By Bitkraft
Quick take:
Arca, Advancit Capital, P2 Ventures, Solana Foundation, Scytale Digital, GrandBanks Capital, Permit Ventures, and others participated in the fundraising.
The company is building a Beamable Network, which seeks to reduce the reliance on centralised hyperscalers.
Beamable uses tokenised incentives to align contributors and users, creating a community-driven infrastructure.
Beamable, a decentralised physical infrastructure network (DePIN) for games has raised $13.5 million in a Seri
Arca, Advancit Capital, P2 Ventures, Solana Foundation, Scytale Digital, GrandBanks Capital, Permit Ventures, and others participated in the fundraising.
The company is building a Beamable Network, which seeks to reduce the reliance on centralised hyperscalers.
Beamable uses tokenised incentives to align contributors and users, creating a community-driven infrastructure.
Beamable, a decentralised physical infrastructure network (DePIN) for games has raised $13.5 million in a Seri
Bitcoin Ordinals Project Taproot Wizards Announces $30M Funding for OP_CAT Ecosystem
Quick take:
The company plans to use the funds to expand the OP_CAT functionality on Bitcoin.
Taproot Wizards founders want OP_CAT to power the types of apps built on Ethereum and Solana on Bitcoin.
The fundraising follows the company’s $7.5 million seed round announced in November 2023.
Taproot Wizards, the Bitcoin project founded by Udi Wertheimer and Eric Wall has announced a $30 million funding round led by Standard Crypto, with participation from Cyber Fund, Collider Ventures, Geometry,
The company plans to use the funds to expand the OP_CAT functionality on Bitcoin.
Taproot Wizards founders want OP_CAT to power the types of apps built on Ethereum and Solana on Bitcoin.
The fundraising follows the company’s $7.5 million seed round announced in November 2023.
Taproot Wizards, the Bitcoin project founded by Udi Wertheimer and Eric Wall has announced a $30 million funding round led by Standard Crypto, with participation from Cyber Fund, Collider Ventures, Geometry,
TVM Ventures Launches With $100M Fund Focused on TON-Based Projects
Quick take:
The fund will back startups building on the TON ecosystem, especially DeFI and PayFi projects.
The fund specifically targets early-stage startups valued at $5 million to $10 million as it aims to take the lead position with checks of $500,000 to $1 million.
TVM will also provide $5 million in farming liquidity to help protocols establish the minimum liquidity needed for their projects.
Former TON Foundation president Steve Yun has launched a new spin-off fund, which comes less th
The fund will back startups building on the TON ecosystem, especially DeFI and PayFi projects.
The fund specifically targets early-stage startups valued at $5 million to $10 million as it aims to take the lead position with checks of $500,000 to $1 million.
TVM will also provide $5 million in farming liquidity to help protocols establish the minimum liquidity needed for their projects.
Former TON Foundation president Steve Yun has launched a new spin-off fund, which comes less th
Telegram-Based GOAT Gaming Secures $4M Strategic Round From TON Ventures and Others
Quick take:
The fundraising also attracted participation from Karatage, Amber, and Bitscale.
The fundraising brings the total raised to $15 million GOAT said in a press release shared with NFTgators.
The fundraising comes ahead of the upcoming launch of the game’s $GG token on February 6, which will be distributed to the early supporters of the GOAT gaming AI agent.
GOAT Gaming has raised $4 million in a strategic funding round backed by TON Ventures, Karatage, Amber, and Bitscale participat
The fundraising also attracted participation from Karatage, Amber, and Bitscale.
The fundraising brings the total raised to $15 million GOAT said in a press release shared with NFTgators.
The fundraising comes ahead of the upcoming launch of the game’s $GG token on February 6, which will be distributed to the early supporters of the GOAT gaming AI agent.
GOAT Gaming has raised $4 million in a strategic funding round backed by TON Ventures, Karatage, Amber, and Bitscale participat
B14g’s BTC Restaking App Soars 500% to $12M TVL
B14g, a Bitcoin staking platform, saw its total value locked (TVL) soar over 500% in the past month, crossing the record $12 million mark on January 31, as per DefiLlama. The platform, which launched in December 2024, has become the best-performing restaking app in DeFi.
B14g’s flagship product is the Merge Marketplace, a platform that connects stakers holding different types of assets. Participants can engage in BTC merge-staking by committing one complementary token, unlocking higher rewards
B14g’s flagship product is the Merge Marketplace, a platform that connects stakers holding different types of assets. Participants can engage in BTC merge-staking by committing one complementary token, unlocking higher rewards
Apollo Taps Tokenisation Platform Securitize to Launch Tokenised Private Credit Fund
Quick take:
The token becomes the first public on-chain offering for accredited investors of Apollo.
The tokenised fund will also be available on Ethereum, Aptos, Avalanche and Polygon from the first day of launch.
Securitize is leveraging its partnership with Warmhole to deploy Apollo’s tokenised fund across multiple blockchains.
The U.S. Asset management firm Apollo has launched its first on-chain tokenised fund in partnership with Securitize. The Apollo Diversified Credit Securitize Fund
The token becomes the first public on-chain offering for accredited investors of Apollo.
The tokenised fund will also be available on Ethereum, Aptos, Avalanche and Polygon from the first day of launch.
Securitize is leveraging its partnership with Warmhole to deploy Apollo’s tokenised fund across multiple blockchains.
The U.S. Asset management firm Apollo has launched its first on-chain tokenised fund in partnership with Securitize. The Apollo Diversified Credit Securitize Fund
Elastos Secures $20M Funding to Scale Its Native Bitcoin Protocol
Quick take:
Elastos is building BeL2, a utility layer developed to turn Bitcoin into a more preferred blockchain for DeFi apps.
BeL2 allows stakeholders to run zkBTC full nodes on mobile phones, the company states on its website.
This eliminates the need for third-party confirmations, thus forming a decentralised native BTC settlement network.
Elastos has announced $20 million in funding from private investment company Rollman Management, according to a CoinDesk report. The fresh capital wil
Elastos is building BeL2, a utility layer developed to turn Bitcoin into a more preferred blockchain for DeFi apps.
BeL2 allows stakeholders to run zkBTC full nodes on mobile phones, the company states on its website.
This eliminates the need for third-party confirmations, thus forming a decentralised native BTC settlement network.
Elastos has announced $20 million in funding from private investment company Rollman Management, according to a CoinDesk report. The fresh capital wil
Sei Foundation Launches $65M Fund to Invest in Decentralised Science
Quick take:
The fund is fully backed by the Sei Foundation with no external capital committed.
The foundation remains open to working with external investors or limited partners in the future.
Decentralised Science is a new concept of startup funding that expands access to scientific research funding and promotes fair compensation for scientists.
Sei Foundation, the organisation behind layer-1 blockchain Sei has launched a $65 million fund to invest in decentralised science (DeSci) projects.
The fund is fully backed by the Sei Foundation with no external capital committed.
The foundation remains open to working with external investors or limited partners in the future.
Decentralised Science is a new concept of startup funding that expands access to scientific research funding and promotes fair compensation for scientists.
Sei Foundation, the organisation behind layer-1 blockchain Sei has launched a $65 million fund to invest in decentralised science (DeSci) projects.
ZKsync Era’s TVL Triples to $400M After Launching Incentive Program
ZKsync Era, a layer 2 scaling solution for the Ethereum ecosystem, saw its total value locked (TVL) more than triple in the past month alone, hitting a record $402.8 million on January 24, as per DefiLlama.
The total stablecoin value deposited on Era-based dapps has reached a record $163 million, up from $63 million at the beginning of the year.
The TVL growth is attributed to the Ignite program, which launched earlier this month. As we previously reported, ZKsync is distributing 300 million
The total stablecoin value deposited on Era-based dapps has reached a record $163 million, up from $63 million at the beginning of the year.
The TVL growth is attributed to the Ignite program, which launched earlier this month. As we previously reported, ZKsync is distributing 300 million
Web3 Domains Platform D3 Secures $25M Funding From Paradigm
Quick take:
The company calls its new service offering “DomainFi” which matches fellow crypto buzzwords like DeFi and GameFi.
The service will be built on D3’s blockchain platform, Doma, which is set to launch in the coming months.
D3 seeks to turn existing domains into Web3 domains by turning them into NFTs but has also partnered with Solana and Avalanche to power new domains.
D3, a blockchain-based domain platform on Wednesday announced a $25 million funding from Crypto firm Paradigm. The
The company calls its new service offering “DomainFi” which matches fellow crypto buzzwords like DeFi and GameFi.
The service will be built on D3’s blockchain platform, Doma, which is set to launch in the coming months.
D3 seeks to turn existing domains into Web3 domains by turning them into NFTs but has also partnered with Solana and Avalanche to power new domains.
D3, a blockchain-based domain platform on Wednesday announced a $25 million funding from Crypto firm Paradigm. The
Musk’s X Platform Secures Payments Deal With Visa to Advance ‘Everything App’ Plans
Quick take:
The deal is part of Elon Musk’s plans to transform the social media platform into an “everything app” offering messaging, social networking and payments.
Visa becomes the first partner of the X Money account, allowing customers to fund their X wallets, make peer-to-peer payments and connect debit/credit cards.
Customers will also be able to instantly transfer money from the X wallets to their bank accounts, a source told Reuters.
Elon Musk’s X platform has sealed a partnership wi
The deal is part of Elon Musk’s plans to transform the social media platform into an “everything app” offering messaging, social networking and payments.
Visa becomes the first partner of the X Money account, allowing customers to fund their X wallets, make peer-to-peer payments and connect debit/credit cards.
Customers will also be able to instantly transfer money from the X wallets to their bank accounts, a source told Reuters.
Elon Musk’s X platform has sealed a partnership wi
Coinbase Receives Approval to Offer Virtual Asset Services in Argentina
Quick take:
The registration allows the crypto exchange platform to operate with the country’s legal framework of virtual assets.
Matías Alberti who has fintech experience with companies like Buenbit and Clara will spearhead Coinabse’s crypto operations in Argentina.
Coinbase plans to launch educational initiatives in the country as part of its strategy to help users fully understand and make the most of the benefits of cryptocurrency.
Coinbase has received a Virtual Asset Service Provider (
The registration allows the crypto exchange platform to operate with the country’s legal framework of virtual assets.
Matías Alberti who has fintech experience with companies like Buenbit and Clara will spearhead Coinabse’s crypto operations in Argentina.
Coinbase plans to launch educational initiatives in the country as part of its strategy to help users fully understand and make the most of the benefits of cryptocurrency.
Coinbase has received a Virtual Asset Service Provider (