Olaf Carlson-Wee

Introducing the $60M Axelar Ecosystem Startup Funding Program

Retrieved on: 
Monday, December 19, 2022

Axelar, delivering secure interchain communication across Web3, announces the $60 million Axelar Ecosystem Startup Funding Program.

Key Points: 
  • Axelar, delivering secure interchain communication across Web3, announces the $60 million Axelar Ecosystem Startup Funding Program.
  • “With the Axelar Ecosystem Startup Funding Program, Axelar and its investment partners will back a new generation of Web3 startups that are poised to change that flow.”
    The Axelar Ecosystem Startup Funding Program is designed to nurture a pipeline of developers building Web3 products that are better than anything on the centralized web.
  • The Axelar Ecosystem Startup Funding Program will establish a connection between investors who share this vision, and the flow of new developers building interchain dApps that use Axelar as infrastructure to make it a reality.
  • The Axelar Ecosystem Startup Funding Program welcomes new Web3 builders who aim for mass adoption and impact.

Foundation Devices Announces Completion of $7M Seed Round to Accelerate Development of its Sovereign Computing Platform

Retrieved on: 
Monday, December 19, 2022

Foundation Devices (“Foundation”), a sovereign computing company that develops Bitcoin-centric tools that empower users to reclaim their digital sovereignty, today announced the close of its $7 million seed round led by Polychain Capital.

Key Points: 
  • Foundation Devices (“Foundation”), a sovereign computing company that develops Bitcoin-centric tools that empower users to reclaim their digital sovereignty, today announced the close of its $7 million seed round led by Polychain Capital.
  • Other investors participating in the round include new investors Greenfield Capital and Lightning Ventures, and existing investors Third Prime, Warburg Serres, Unpopular Ventures, and Bolt.
  • Founded in April 2020, Foundation builds products that make Bitcoin and decentralized technologies accessible to everyone, enabling users to reclaim their digital sovereignty.
  • Additionally, Foundation is continuing to develop its mobile app, Envoy, as a standalone sovereignty toolkit complete with a Bitcoin software wallet.

Evertas, the Leading Crypto Insurance Company, Closes $14 million Series A to Expand Capacity and Develop New Products and Standards

Retrieved on: 
Monday, December 12, 2022

CHICAGO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Evertas, the world’s first and leading crypto insurance company, announced the successful closure of a series A financing round.

Key Points: 
  • CHICAGO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Evertas, the world’s first and leading crypto insurance company, announced the successful closure of a series A financing round.
  • That, in addition to $5.8 million seed financing, puts the company’s total outside investment at $19.8 million.
  • Evertas intends to use the proceeds of the round to expand underwriting capacity, add key personnel and further develop proprietary enabling technologies and standards.
  • The few dedicated programs with crypto insurance experts outside of Evertas know enough to put their capacity and trust in the hands of Evertas.

Finterest Raises $1.5 Million Seed Round to Build Crypto Lending Protocol

Retrieved on: 
Tuesday, December 13, 2022

Finterest, the first crypto lending protocol available on the Internet Computer (ICP) built to support native Bitcoin borrowing and lending, today announced the close of its $1.5 million seed round.

Key Points: 
  • Finterest, the first crypto lending protocol available on the Internet Computer (ICP) built to support native Bitcoin borrowing and lending, today announced the close of its $1.5 million seed round.
  • As the first crypto lending protocol on the ICP, Finterest delivers completely decentralized lending and borrowing options through faster, trustless code implementation and fewer vulnerabilities.
  • Finterest is the first native Bitcoin borrowing and lending platform, trustlessly operated on The Internet Computer.
  • Finterests bridge-free approach to crypto lending enables users to borrow and lend native Bitcoin, ICP, and Stablecoins with ease.

Fleek Announces $25 Million Series A Raise Led by Polychain

Retrieved on: 
Thursday, December 1, 2022

Fleek, a Web3 developer platform, announced Thursday that it has raised $25 million in Series A funding.

Key Points: 
  • Fleek, a Web3 developer platform, announced Thursday that it has raised $25 million in Series A funding.
  • Fleeks Series A round was led by Polychain Capital, a premier investor in cryptocurrency protocols and companies leading the global adoption of Web3 technologies.
  • Fleek is a Web3 developer platform that enables web hosting and storage on several different web3 protocols.
  • Fleek is providing a critical missing piece to achieving a legitimate decentralized Web3 experience, said Harrison Hines, co-founder and CEO of Fleek.

t3rn Raises $6.5M in a Strategic Funding Round Led By Polychain Capital

Retrieved on: 
Sunday, November 27, 2022

t3rn , the next-generation fail-safe multichain protocol, raised $6.5m in a strategic funding round led by Polychain Capital, the worlds premier digital asset investment fund.

Key Points: 
  • t3rn , the next-generation fail-safe multichain protocol, raised $6.5m in a strategic funding round led by Polychain Capital, the worlds premier digital asset investment fund.
  • This strategic round also counted among its investors Blockchange, Lemniscap, D1 Ventures, Huobi Ventures, Figment Capital, Bware Labs, MEXC, Open Process Ventures, NetZero Capital and an array of industry-leading angel investors, many of which are prominent founders.
  • "The future of Web3 is multichain," said Maciej Baj, Founder and Chief Technology Officer of t3rn.
  • This strategic funding round supports the development of our innovative approach to blockchain interoperability."

Evmos Closes $27M Token Sale to Accelerate Development of the Cross-Ecosystem dApp Platform

Retrieved on: 
Thursday, November 3, 2022

Now with the successful launch of Evmos, the premier blockchain built on the Ethermint library, this token sale will support more development by Tharsis Labs on Evmos and the accelerated growth of the Evmos ecosystem.

Key Points: 
  • Now with the successful launch of Evmos, the premier blockchain built on the Ethermint library, this token sale will support more development by Tharsis Labs on Evmos and the accelerated growth of the Evmos ecosystem.
  • "Evmos is ushering in a new wave of EVM dApp development and innovation by empowering developers with a simple solution for cross-ecosystem compatibility," said Federico Kunze Kllmer, Co-Founder of Evmos.
  • Initially granted funding from proposition 44 on the Cosmos Hub, Tharsis Labs has spearheaded development of the Ethermint library and now Evmos.
  • As the core Evmos development team, Tharsis is focused on giving dApp builders the port-of-entry from the EVM into the Interchain.

Axelar & Polygon to Deliver Secure Cross-Chain Communication to Polygon Supernets

Retrieved on: 
Wednesday, October 26, 2022

Axelar , the proof-of-stake blockchain that connects Web3 ecosystems, is partnering with Polygon to deliver secure cross-chain communication to Polygon Supernets as the core infrastructure for an interoperable internet of dedicated EVM blockchains powered by Polygon Edge.

Key Points: 
  • Axelar , the proof-of-stake blockchain that connects Web3 ecosystems, is partnering with Polygon to deliver secure cross-chain communication to Polygon Supernets as the core infrastructure for an interoperable internet of dedicated EVM blockchains powered by Polygon Edge.
  • In short, Axelar is one of the early adopters of Polygon Supernets which will expand the interoperability of Polygon Supernets high-performance app-specific chains that can be optimized for a dApp or a category of dApps.
  • Axelars cross-chain infrastructure will enable developers to build cross-chain dApps on Polygon Edge that compose liquidity and functionality across Web3, said Parth Pathak, General Manager of Supernets at Polygon.
  • Axelar delivers secure cross-chain communication, enabling dApp users to interact with any asset or application, on any chain, with one click.

Aspen Creek Digital Corporation Expands Operations with New Solar Powered Bitcoin Mining Center in Texas

Retrieved on: 
Wednesday, October 26, 2022

BOSTON, Oct. 26, 2022 /PRNewswire/ -- Today, Aspen Creek Digital Corporation (ACDC), a renewable bitcoin mining operator, announced that its second high performance computing center (HPCC) co-located with renewable energy commenced operations in Texas. The 30MW data center is capable of hosting 10,000 ASIC miners and is connected behind-the-meter with a new 87MW solar farm.

Key Points: 
  • BOSTON, Oct. 26, 2022 /PRNewswire/ -- Today, Aspen Creek Digital Corporation (ACDC), a renewable bitcoin mining operator, announced that its second high performance computing center (HPCC) co-located with renewable energy commenced operations in Texas.
  • The 30MW data center is capable of hosting 10,000 ASIC miners and is connected behind-the-meter with a new 87MW solar farm.
  • We're thrilled to partner with Compass Mining to expand access to renewably powered Bitcoin mining."
  • Earlier this year, ACDC announced its first bitcoin mining center, a 6MW High-Performance Computing Cluster (HPCC) co-located behind-the-meter with a 10MW solar farm, commenced operations in west Colorado.

Ethereum and Solana Disrupt Venture Capital With Coinbase-Backed DAODAO

Retrieved on: 
Saturday, October 22, 2022

Founders can raise capital with any currency, including fiat cash, Bitcoin, Ethereum, Solana, DeSo, and USDC, and cash out directly to USDC.

Key Points: 
  • Founders can raise capital with any currency, including fiat cash, Bitcoin, Ethereum, Solana, DeSo, and USDC, and cash out directly to USDC.
  • Today, the fundraising process for founders is highly-centralized, with a handful of elite venture capitalists controlling who gets funded and who doesnt.
  • Built on the DeSo blockchain, backed by Coinbase, Sequoia, Andreessen Horowitz, and others, DAODAO allows any Bitcoin, Ethereum, or Solana user to invest in promising founders before they go to pitch venture capitalists.
  • They raised $200 million and are backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.