Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company.
The classical definition of a startup is the creation of a new business model with the purpose of further development and money raising. In this way, as the blockchain industry has become one of the most popular, innovative areas, any brand-new cryptocurrency-related projects can give great opportunities for investments and subsequent profits. New products and services regularly attract investments by holding crowdfunding campaigns. The market of cryptocurrency startups changes so fast that it’s hard follow. However, there is big space for getting rich just by having an idea that stands out among competitive ones. So generating such an idea and presenting it to the public is what developers do before launching the Initial Coin Offering (ICO), which they use for the the development of the concept.
There are also many fraudulent projects and that is why investors should investigate any startup they are going to spend money on.
According to Easy Crypto, the $11.75 million in a Series A funding round may be the largest sum of investment raised in New Zealand for a local start-up.4440
“We believe that NFTs can significantly accelerate the development of women’s sports,” Sorare CEO Nicolas Julia told Cointelegraph.4102
Blockchain-based startups continue to account for a significant proportion of newly established business entities across the globe.4554
“While investor participation in the crypto industry has grown exponentially over the past three years, current crypto research and analysis tools are still lacking the sophisticated signals and data that more advanced investors need,” said Adam Carson of Point72 Ventures.1802
The possible new funding would bring the Utah-based crypto tax automation provider to a valuation of $1 billion or above.1617
“Blockchain-based networks will be distributed to billions of people globally through digital wallets,” said CoinFund CIO Alex Felix. “We’ve consistently positioned early in three core areas: verticals with early traction, the technology innovations that come next and the infrastructure on which they are built.”1712
To stand out in a saturated market, NFT startups should focus on real use cases, according to COO at NFTY Labs, Titan Inc.6230
Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction.9755
Blockchain development is one of four major programs in Bogotá’s new tech innovation fund.4916
Solverse Accelerator was established to support high-potential projects building on Solana. It’s also a way to incentivize further development on the blockchain network, which has grown rapidly this year.14238
Pierre Dadd joins Terra Virtua as marketing director following more than 20 years of experience in marketing and brand development for various entertainment companies.20949
Private sales and seed rounds can often be difficult for everyday crypto enthusiasts to access, but this crypto project aims to change this.10809
The new functionality will help smart contracts and applications from other blockchains transition over to the Crypto.org ecosystem.11610
The company behind Daml said it tripled its customer base in 2020, with half of the new business coming from outside the blockchain industry.4333