Crypto funding: Blockaid, Membrane Labs lead a $92M week
The post Crypto funding: Blockaid, Membrane Labs lead a $92M week appeared on BitcoinEthereumNews.com. Eight crypto startups raised about $92 million this week, with Blockaid drawing the biggest pot of funds among them. Ribbit Capital and Variant led the $33 million Series A round, with participation from Cyberstarts, Sequoia Capital, and Greylock Partners. Blockaid, as the name suggests, aids in network security by scanning blockchain transactions originating from wallets, as well as ones that interact with decentralized apps and smart contracts. The company claims that in the past three months, it has scanned 450 million user transactions and thwarted 1.2 million deemed malicious. Separately, crypto lender and trading firm Membrane Labs raised a $20 million round. Brevan Howard Digital and Point72 Ventures spearheaded the Series A round. Jane Street, Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, Framework Ventures and others also took part in the seven-figure investment round. A new crypto wallet hits the block Account Labs raised $7.7 million to build a self custodial, Polygon-based UniPass Wallet, which will reportedly be focused on peer-to-peer stablecoin transfers. Also a boon for the upcoming wallet: it’s enabled by Google. Specifically, this means users can use existing Google logins to set up a new address. This is slightly similar to how Trust Wallet works — since, like UniPass, it uses Google login as a form of authentication — though Trust Wallet uses multi-party computation. UniPass won’t initially be available for iPhones, since the app Android-only at present. Other notable fundraises Untangled Finance, which deals in tokenized assets and other products, secured $13.5 million in a seed funding round. RepubliK, a platform for Web3 creators to monetize their work, raised $6 million at a $75 million valuation from OKX Ventures and others. NFT-based fantasy horse racing provider Game of Silks raised $5 million. On-chain data analytics platform Parsec raised $4 million, with Galaxy…
The post Crypto funding: Blockaid, Membrane Labs lead a $92M week appeared on BitcoinEthereumNews.com.
Eight crypto startups raised about $92 million this week, with Blockaid drawing the biggest pot of funds among them. Ribbit Capital and Variant led the $33 million Series A round, with participation from Cyberstarts, Sequoia Capital, and Greylock Partners. Blockaid, as the name suggests, aids in network security by scanning blockchain transactions originating from wallets, as well as ones that interact with decentralized apps and smart contracts. The company claims that in the past three months, it has scanned 450 million user transactions and thwarted 1.2 million deemed malicious. Separately, crypto lender and trading firm Membrane Labs raised a $20 million round. Brevan Howard Digital and Point72 Ventures spearheaded the Series A round. Jane Street, Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, Framework Ventures and others also took part in the seven-figure investment round. A new crypto wallet hits the block Account Labs raised $7.7 million to build a self custodial, Polygon-based UniPass Wallet, which will reportedly be focused on peer-to-peer stablecoin transfers. Also a boon for the upcoming wallet: it’s enabled by Google. Specifically, this means users can use existing Google logins to set up a new address. This is slightly similar to how Trust Wallet works — since, like UniPass, it uses Google login as a form of authentication — though Trust Wallet uses multi-party computation. UniPass won’t initially be available for iPhones, since the app Android-only at present. Other notable fundraises Untangled Finance, which deals in tokenized assets and other products, secured $13.5 million in a seed funding round. RepubliK, a platform for Web3 creators to monetize their work, raised $6 million at a $75 million valuation from OKX Ventures and others. NFT-based fantasy horse racing provider Game of Silks raised $5 million. On-chain data analytics platform Parsec raised $4 million, with Galaxy…
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