Funding News

Mark Zuckerberg appears to have ignited a generational buzz around the Metaverse. Microsoft becomes the next trillion-dollar company to enter this space.

Decentralized storage and computing network Aleph.im raised fresh funds to face Amazon Lambda as a decentralized alternative.

Bitcoin startup Shakepay raised $44 million Canadian dollars ($35 million) in a Series A funding round, valuing the company at $251 million.

Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.

“With this funding, Secret Network and its partners aim to scale privacy-first, decentralized applications to global adoption by millions of users,” said Tor Bair, the founder of the Secret Foundation.

The company said it planned to use the funds to scale its NFT technology and hinted at a series of partnerships aimed at expanding its user base.

According to Alphabet CEO Sundar Pichai, Africa will be home to 300 million new internet users in the next five years.

The company said it planned to use the funds for expanding its existing product and service line in addition to exploring strategic acquisitions.

Crypto heavyweights including Three Arrows, DCG, Delphi Digital and Crypto.com Capital joined Hubble Protocol’s funding.

The Hong Kong-based game software and venture capital firm will deepen its exposure to NFTs, gaming and metaverse projects.

Strong fundamentals, an influx of new users and a recently launched $300 million developer incentive are just a few reasons why ONE price is chasing a new all-time high.

NEAR price enters price discovery following the successful completion of a $150 million funding round and exponential ecosystem growth.

Lukka said it planned to use the funds for “aggressive growth and global expansion strategy” with its current customer base dealing in products related to the crypto space.

The South Korean blockchain hopes to fund its interoperability technology to create new cross-chain applications.

Ethereum competitor Near Protocol raised funds for Web3 adoption, with Three Arrows Capital and Andreessen Horowitz supporting the PoS blockchain.