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Funding
Crypto VC Investments Drop 26% in First Half of 2022
Investments totaled $9.3 billion versus the $12.5 billion in last year’s period, but the number of deals increased.
5ire Raises $100M to Fund Expansion of Sustainable Blockchain
The company will use what it calls a Proof-of-Benefit mechanism, saying it is the only sustainability-focused blockchain unicorn in the world.
Virtual Avatar Firm Hologram Raises $6.5M Seed Round
Hologram partners with online communities to help them create unique digital identities in the metaverse.
Crypto Custodian Copper Soon to Close Delayed Funding Round: Sources
Copper’s Series C round will value the company around $2 billion, according to two sources. The firm sought a $3 billion valuation in November.
A16z, Variant Lead $18M Round for Lending Protocol Morpho Labs
The protocol enhances existing lending protocols such as Compound and Aave with peer-to-peer liquidity.
Lightspeed Venture Partners Launches New Funds Totaling More Than $7B
The venture capital firm also announced Lightspeed Faction, an independent team focused on early-stage blockchain infrastructure projects.
Dragonfly Capital Leads $7.5M Round for Quadrata’s Identity Passport
The startup offers verifiable yet private identity passports for Web3 users.
Gnosis Safe Rebrands as Safe, Raises $100M
The platform renamed itself Safe following its community vote to separate from Ethereum infrastructure builder Gnosis.
Cross-Chain Infrastructure Protocol LI.FI Raises $5.5M
The funding will help the firm expand to more blockchains.
