Recently, many cryptocurrency projects have completed significant investment rounds. As a result, they focused on further developing their platform, often receiving million-dollar funds. Here are some of the latest investment news…
Cryptocurrency startup receives $18.5 million investment
On July 22, Cymbal, a blockchain technology startup headquartered in Menlo Park, California, announced the completion of $18.5 million in funding, according to FinSMEs reports. First Round Capital, Solana Ventures, CAA Connect, Coinbase Ventures, Patron, GV, Acrew and UTA Ventures participated in this funding round. Funds from this funding round will be used to expand the business and boost development efforts. Cymbal is building a “readable” Ethereum Blockchain scanner that turns complex data on-chain into visual and easy-to-understand transaction summary analytics such as wallet portfolio rankings, NFT purchase counts, sales of specific crypto projects. easy for ordinary users to understand. At this stage, Cymbal supports the analysis and processing of Ethereum Blockchain data and will be extended to Solana Blockchain in the future.
1.5 million dollars investment came to Side Labs
Side Labs, parent company of Cosmos ecology interoperable financial deal Side Protocol, has completed a $1.5 million pre-seed funding round, according to The Block. This funding round was attended by Hashkey Capital, KR1, Continue Capital, Symbolic Capital, Informal Systems, Dora Ventures, Charles Lu, Harry Halpin, Eric Chen, Mirza Uddin, Siddhartha Dutta and Vincent Niu. The new funds will be used to expand its team and ensure compliance with legal and compliance standards, while creating a mesh liquidity network aimed at eliminating bridges and intermediary tokens for cross-chain asset exchanges through a network of liquidity centers.
Cryptocurrency project Jungle receives $16 million in funding
AI NFT marketplace Jungle has completed US$16 million funding, specific investors have yet to be announced. Jungle’s latest platform integration is an AI-powered search tool designed to improve and simplify the way investors browse the NFT market and find the next big investment opportunities.
NFT platform Ra1se completes seed investment process
NFT liquidity solution platform Ra1se has received seed round funding from North American mining companies. Ra1se uses multi-chain compatibility to transform illiquid NFTs into highly liquid NFTs through complex algorithms. Ra1se platform will reportedly launch beta version in early August and launch a series of user incentive activities “Hundred E Subsidies”.
Over Protocol raises $8 million
Superblock, the developer of the lightweight node layer-1 Blockchain protocol Over Protocol, announced that it has completed a total of $8 million in financing through two financing transactions. Participating parties include SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp and NaverZ. Over Protocol is a layer-1 Blockchain built using the Ethanos protocol. It aims to allow anyone to use a PC to run a node to be a validator by reducing the storage requirements and thus the maintenance cost of Blockchain nodes. The new funds will be used to further expand the Korean market.
