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Income-Backed DeFi Protocol Huma Finance Raises $8.3M Seed Funding Led by Race Capital and Distributed Global

Retrieved on: 
Thursday, February 23, 2023

SAN FRANCISCO, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Huma , a leading income-backed DeFi protocol, today announced the close of an $8.3 million seed round led by Race Capital and Distributed Global with participation from ParaFi Capital, Circle Ventures, Folius Ventures, Robot Ventures and more.

Key Points: 
  • SAN FRANCISCO, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Huma , a leading income-backed DeFi protocol, today announced the close of an $8.3 million seed round led by Race Capital and Distributed Global with participation from ParaFi Capital, Circle Ventures, Folius Ventures, Robot Ventures and more.
  • Huma was the winner of the 2022 Decentralized Finance track during ETHDenver, a hackathon known for incubating numerous noteworthy projects.
  • "We're excited to be working with the entire Huma Finance team," said Edith Yeung, General Partner at Race Capital.
  • Huma Finance will start with the global factoring services market, which alone was valued at $3.5 Trillion in 2022.”

Wecan launches a blockchain along with its token and successfully completes its first private pre-sale

Retrieved on: 
Thursday, June 2, 2022

This token will enable transactions to be recorded on its proprietary blockchain, Wecan Chain, which already powers Wecan Connect, Wecan Groups application already compared to the WhatsApp of wealthy clients .

Key Points: 
  • This token will enable transactions to be recorded on its proprietary blockchain, Wecan Chain, which already powers Wecan Connect, Wecan Groups application already compared to the WhatsApp of wealthy clients .
  • As a pioneer of blockchain technology, our mission is to make it accessible to widest possible audience through simple applications.
  • With Wecan Comply, we have brought together 13 major banks and 80 independent asset managers on one of the first blockchain marketplaces for institutional actors.
  • Wecan Chain is a blockchain optimized for data security and storage for companies and governments.

Nexus Mutual Joins 30+ DAOs Adopting Bancor’s DAO Treasury Management Solution

Retrieved on: 
Wednesday, March 9, 2022

Nexus Mutual will execute the single largest DAO treasury deposit on Bancor this week, joining dozens of DAOs that have recently staked treasury funds on Bancor .

Key Points: 
  • Nexus Mutual will execute the single largest DAO treasury deposit on Bancor this week, joining dozens of DAOs that have recently staked treasury funds on Bancor .
  • Bancor is emerging as the preferred DAO Treasury Management solution to generate Protocol-Owned Liquidity that is protected from Impermanent Loss.
  • Both Nexus and Bancor are focused on designing decentralized solutions for risk-averse users seeking safe and reliable access to DeFi.
  • Nexus Mutual is a decentralized discretionary mutual where members come together to share risk.

Aleph.im Raises $10M in Strategic Bid to Become Web3’s Decentralized Answer to Amazon Lambda

Retrieved on: 
Thursday, January 20, 2022

Paris, France, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Aleph.im , a cross-blockchain decentralized storage and computing network, today announced the completion of its $10M funding round.

Key Points: 
  • Paris, France, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Aleph.im , a cross-blockchain decentralized storage and computing network, today announced the completion of its $10M funding round.
  • January marks the beginning of Aleph.ims rollout of their first computing resource nodes that will eventually carry the bulk of the decentralized networks processing power.
  • This will enable web 3 builders, Dapps and protocols to fully decentralize up to the last piece of their development stack.
  • Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage and database hosting to its users.