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Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
28.9.2022
According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that...
SuperLayer Announces $25 Million Fund Led by Polygon for Expansion
19.8.2022
According to an announcement published by SuperLayer, it has welcomed a fund of $25 million as an investment led by Polygon. The entire fund will be utilized for growing the ecosystem of SuperLayer, investing in new projects, and building projects for Web3 space. Polygon has a record of onboarding...
SuperLayer Announces $25 Million Fund Led by Polygon for Expansion
19.8.2022
According to an announcement published by SuperLayer, it has welcomed a fund of $25 million as an investment led by Polygon. The entire fund will be utilized for growing the ecosystem of SuperLayer, investing in new projects, and building projects for Web3 space. Polygon has a record of onboarding...
Solana Ventures Launches $100 Million Fund Focused on Web3 Projects in South Korea
9.6.2022
Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development....
Polygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users
23.4.2022
On April 22, the layer two (L2) scaling network Polygon introduced the new Supernets network, a blockchain protocol that’s built to bolster Web3 technology. Furthermore, Polygon is pledging $100 million to early Supernet users “who can help fast-track adoption.”...
Gumi Cryptos Reveals $110 Million Fund Targeting Early-Stage Blockchain Startups
31.3.2022
On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders. Gumi Cryptos Capital...
Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund
3.2.2022
Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established...
SCRT Labs Launches $400 Million Fund to Bolster Privacy Network’s Ecosystem and Application Layer
19.1.2022
On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network’s native token SCRT is the third-largest privacy-centric...
Blossom Capital’s Newly Launched $432 Million Fund to Focus on Crypto Startups
18.1.2022
Blossom Capital, the London-based venture capital firm founded by Candice Lo, Imran Ghory, Mike Hudack, and Ophelia Brown plans to dedicate more funds to the growing cryptocurrency ecosystem. On January 18, Blossom announced a new fund worth $432 million, and a third of the capital will...
Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols
18.12.2021
The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon...
Polygon, Reddit Co-Founder’s VC Firm Launch $200 Million Social Media Web3 Fund
18.12.2021
The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement,...
Wintermute Announces $20 Million Fund to Support Polygon Dapps
1.12.2021
The Background With a belief to decentralize the financial sector, Wintermute has been in presence since 2017. It sees the future of finance to be governed by technology instead of traditional players. Wintermute operates across the globe. Wintermute is an algorithmic trading firm. The regular...
Kucoin Labs Launches $100 Million Metaverse Investment Fund
19.11.2021
Kucoin Labs, the investigative and investment arm of Kucoin, a cryptocurrency exchange, has launched a $100 million fund to incubate early metaverse related projects. These include blockchain gaming initiatives, NFT platforms, and decentralized platforms, among others. The support will also include...
Avalanche creates $200 million fund to lure top crypto devs
2.11.2021
The $200 million fund aims to foster growth and innovation on the Avalanche network
Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund
1.10.2021
Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech companies. According to a report, this fund is expected primarily to target the digital banking and financial services sector. Fintech Apps Targeted Fintech apps that...
Visa, Paypal Invest in Crypto-Focused Blockchain Capital’s New $300 Million Fund
23.6.2021
Visa Inc. and Paypal have invested in Blockchain Capital’s new fund. The venture capital firm focuses exclusively on the crypto ecosystem and blockchain technology. Blockchain Capital Raises $300M for Its New Fund Blockchain Capital announced Tuesday that it has raised $300 million for...
Entertainment Giant Fox Teams up With Bento Box to Manage $100 Million NFT Creator Fund
16.6.2021
Fresh off the heels of announcing a non-fungible token (NFT) organization called Blockchain Creative Labs and a blockchain-based animated series, Fox Broadcasting Company has revealed it’s invoked a $100 million fund with Bento Box Entertainment (BBE) that aims to bolster NFT content...
$223M fund for Internet Computer builders — but community is wary
26.5.2021
The Dfinity Foundation has launched a fund of around $223 million to support development on its decentralized Internet Computer network
Polygon’s New $100M Fund Aims to Attract Next Million Defi Participants
29.4.2021
As part of its ongoing efforts to make the decentralized finance ecosystem more accessible through infrastructure development, this layer2 scaling solution has introduced a $100 million fund designed to lower the barriers to entry for yield farming and lending. #Defiforall to Support Development...
KuCoin Labs Launches 50 Million Fund to Find The Next Crypto Gem
15.4.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
On April 15, 2021, KuCoin, an IDG backed crypto exchange, announced the official launch of KuCoin Labs, an incubator and research arm in the KuCoin ecosystem. As the first step, KuCoin Labs has also established...