Pip Labs has raised $ 80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $ 2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), …
Gate Ventures (crypto exchange Gate.io’s VC arm) and Abu Dhabi Blockchain Center partnered to launch Falcon Gate Ventures, a $ 100 million fund supporting Web3 innovation. The fund aims to stimulate global Web3 growth and solidify the United Arab Emirates’ position as a digital economy hub. The collaboration will leverage expertise from both parties …
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale […]
Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base, a layer-two (L2) blockchain built on Ethereum. Chainlink Expands Services on Base Blockchain The recent integration of Chainlink’s […]
Essential has successfully secured $ 11 million in Series A funding. The round was led by Archetype, with contributions from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM, and Propeller Heads, and others. This funding will accelerate the development of Essential’s blockchain, which aims to revolutionize …