(#WuBlockchain )
#DriftLabs announced the completion of a $25 million Series B financing round led by #MulticoinCapital , with participation from Blockchain Capital, #PrimitiveVentures , and #Folius . This financing will help Drift expand its product suite on the Solana, including spot trading, derivatives trading, and prediction markets.

🚀 Multicoin Capital's Big Bet on DRIFT! 💼

Multicoin Capital has just revealed that it’s been accumulating a large number of DRIFT positions, both through private placements and public markets! 📈 Even more exciting? They value DRIFT at $3.58, which is over 7x its current market price! 😮

As the lead investor in Drift's seed round, Multicoin Capital is showing immense confidence in DRIFT’s future. Could this be the next major altcoin breakout? Keep your eyes on it! 🌟

#MulticoinCapital #Crypto #Investing #Altcoins #Binance

𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗙𝗶𝗿𝗺𝘀 𝗕𝗲𝘁 𝗕𝗶𝗴 𝗼𝗻 𝗦𝗼𝗹𝗮𝗻𝗮 𝗮𝗻𝗱 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗡𝗲𝘁𝘄𝗼𝗿𝗸𝘀

Joe McCann, CEO of Asymmetric Financial, shared that his firm is boosting its Bitcoin investments and expanding its stake in Solana ( $SOL ), which he believes could outperform Ethereum ( $ETH ).

Kyle Samani of Multicoin Capital also expressed rising confidence in decentralized infrastructure networks and stablecoins. Similarly, Cosmo Jiang of Pantera Capital emphasized their focus on DeFi, DePIN, and AI sectors, with investments spanning Solana, Toncoin, Near, and more.

#CryptoInvesting #Solana
#PanteraCapital #MulticoinCapital

CrunchDAO raises $3.5M in a Seed funding round

#CrunchDAO secures $3.5M in a Seed funding round co-led by #MulticoinCapital , #FabricVentures , #ElixirCapital and #FactorCapital . CrunchDAO focuses on creating infrastructure for collective intelligence through a distributed labor marketplace for machine learning.

Fuse raises $12M in a strategic funding round

#Fuse secures $12M in a Strategic funding round from #MulticoinCapital and angel investor. Fuse Energy is a relatively new energy provider that offers electricity and gas services to consumers. It's part of a broader trend where companies try to differentiate themselves in the energy market with innovative approaches or customer-centric features.

Kyle Samani, a partner at #MulticoinCapital , highlighted that the lack of interoperability between different blockchain networks, particularly on @Ethereum , is negatively affecting the price performance of $ETH . (Interoperability refers to the ability of different blockchains or Layer 2 solutions (L2s) to communicate, transfer assets, and share data seamlessly with each other.)
Currently, users face difficulties when trying to move assets across different chains or Layer 2 solutions. This creates friction in the user experience, leading to frustration. As more Layer 2 solutions emerge to address Ethereum's scalability issues, the lack of a unified standard for interoperability becomes more apparent.
Samani's point is that Ethereum’s founder, #VitalikButerin , needs to actively encourage the development of a universal interoperability standard. Such a standard would allow Layer 2 projects to align and ensure smooth cross-chain interactions. Achieving this would improve user experience, attract more activity to the Ethereum ecosystem, and potentially have a positive effect on Ethereum’s price, as it becomes more practical and efficient for users.

⚡️ Wormhole has announced the closure of a $225M round at a $2.5B valuation

Wormhole, a cross-chain messaging protocol powering applications across Web3, raised $225M at a $2.5B valuation. Investors in the funding included Multicoin Capital, Coinbase Ventures, Borderless Capital, ParaFi, Dialectic, Arrington Capital, Jump Trading and Brevan Howard.

#Wormhole #fundraising #Funding #JumpCrypto #MulticoinCapital