This week’s investment deals in the Web3 space have seen significant financial backing for innovative blockchain projects, highlighting the sector’s continued growth and potential. Key investments include Avail’s $75 million Series A, DWF Labs’ $5 million boost for Milady Meme Coin, and Tether’s $18.75 million funding for XREX Group to improve financial inclusion and cross-border payments.
Avail Secures $75 Million Series A to Fuel Development of Web3
The blockchain technology startup Avail has completed a $75 million Series A fundraising round. With their Unification Layer technology stack, Avail will be able to address issues with compatibility and scaled data availability in the Web3 industry as a result of the investment. The Unification Layer facilitates the scalability and easy interoperability of modular blockchains by combining data availability, aggregation, and common security.
Photo: Avail
With the additional funding, the business intends to expand its Nexus interchange layer and Fusion Security layer development as well as cultivate collaborations throughout the Web3 ecosystem. With $75 million in investment, the goal is to lay a solid basis for upcoming blockchain ventures.
DWF Labs Pours $5 Million into Milady Meme Coin
DWF Labs, a Web3 investment business and worldwide creator of digital asset markets has invested $5 million in Milady Meme Coin (LADYS). Within the LADYS and meme ecosystem, the funding will allow LADYS to open up more doors for growth, cooperation, and community involvement. In addition, DWF Labs will offer ecosystem support and strategic direction, enabling LADYS to dominate the meme currency market and embody the values of memetic power and internet love.
We are proud to announce our investment in @miladymemecoin We are excited to support their team to unlock more opportunities for development, collaboration, and community engagement.Looking forward to the success of $LADYS in the meme coin landscape https://t.co/jA3RHhs1o5
— DWF Labs (@DWFLabs) June 3, 2024
Tether Funds XREX Group with $18.75 Million
Tether has declared a $18.75 million investment in the blockchain-enabled financial company XREX Group, which is completely regulated. The National Development Fund of the Taiwanese Government, SBI Holdings, and others are the sources of funding.
Tether Invests $18.75M in XREX Group to Drive Financial Inclusion in Emerging MarketsLearn more: https://t.co/R1rs7ZPoZc
— Tether (@Tether_to) June 5, 2024
The investment seeks to increase cross-border payment efficiency in emerging areas, expand financial inclusion, and provide novel financial solutions. To introduce XAU1, a USD-pegged unitized stablecoin over-reserved using Tether Gold, XREX and the Unitas Foundation are partnering.
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