The Latest Funding in the Crypto World
Last week, nine companies in the crypto world raised $158 million in funding from private investors. The funding went to blockchain development companies and a metaverse developer. Let’s dive into the details:
Key Points:
- Crypto custody platform BitGo raised $100 million in a Series C round, bringing its valuation to $1.75 billion. The funds will be used to meet the growing demand for crypto custody platforms.
- Zetachain, a layer-1 infrastructure, raised $27 million to create a more interoperable future for blockchain services.
- Linera, a layer-1 blockchain company, raised $6 million to scale the blockchain world through parallel chains.
- ZTX, a metaverse platform by Zepeto, raised $13 million to merge gaming and metaverse contexts.
- Zepeto aims to introduce the concept of “ownership” within the metaverse and plans to launch the “Genesis Home Mint” soon.
Hot Take:
The crypto market may not be vibrant at the moment, but funding for blockchain and metaverse projects continues. Despite the slowdown, these companies are raising significant amounts of money, indicating that investors believe in the future of crypto. The funds will be used to expand and innovate in the crypto space, bringing us closer to a more interconnected and immersive digital world.
By
By
By
By