Sorare has raised $50 million in a Series A round, bringing its total funding to $60 million.
Investing in cryptocurrency is a high-risk/high-reward activity, whether that entails day-trading in the open market, buying into institutional investment funds or investing in particular blockchain enterprises.
In recent years, the blockchain space has attempted to disrupt venture funding and investment through a particularly powerful use case in crowdfunding. An influx of hype and amateur investment reached a peak during the 2017 to 2018 initial coin offering, or ICO, bubble in which projects raised billions of dollars in return for assets of questionable value or utility, quickly putting the industry in the sights of the United States Securities and Exchange Commission and similar regulatory authorities.
There is ongoing discourse on and experimentation in how to fund open-source protocol development that doesn’t involve the traditional route of venture capital and that better aligns the incentives of all stakeholders, from the developers to the users.
Seeing where investment capital is going in the space can provide a gauge of market sentiment around industry trends and potential high-growth areas.
The American exchange is offering services and advice to other private and publicly traded firms who want to hold digital assets in their treasuries.4568
Thai investors who do not qualify for crypto trading under proposed SEC rules would still be able to invest through licensed fund managers.5123
Polychain Capital has bet on a new decentralized finance exchange protocol looking to boost the adoption of stablecoins in DeFi.6133
CEO Michael Saylor said the firm doesn't intend to slow down the rate of its Bitcoin acquisitions after buying another $1 billion worth of BTC.13426
Digital asset manager CoinShares is listing its second cryptocurrency exchange-traded product on the SIX Swiss Exchange.5394
Time to ruminate is just what's required after all-time highs near $60,000, argues Ark's Cathie Wood.34294
Assets under management have doubled since the fourth quarter, highlighting growing mainstream adoption of Bitcoin and other cryptocurrencies.9590
The next five years will see the first billion people opting to store their wealth using Bitcoin simply using mobile devices, says the MicroStrategy CEO.38061
Swiss crypto ETP issuer 21Shares has increased its managed crypto assets from $500 million to $1 billion in less than two weeks.12580
Tesla is about to make more money from its Bitcoin investments than profits from selling its electric vehicle cars in all of 2020, an analyst at Wedbush Securities said.14154
Economist Frances Coppola and senior commodity strategist at Bloomberg Mike MgGlone clash on everything Bitcoin.10339
With a charity and some slapdash art theory as a cover, a copycat makes off with 512 ETH in NFT sales.55127
U.K.-based crypto firm BCB Group is looking to provide corporations with a way to put Bitcoin on their balance sheet by launching a dedicated treasury.19422
Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point.12262