Financing round: Despite the bear market, money is still flowing in crypto
Financing round: Despite the bear market, money is still flowing in crypto
- nexo is considering the takeover of the competitor Vaul of Celsius based in Singapore
- Rubix receives a 100 million dollar investment from LDA Capital
When FTX announced on Friday, June 1st, to take over Blockfi for up to $ 240 million, the glimmer of hope for fighting web3 startups appeared that larger, more financially stable crypto companies would help.
After Celsius announced that it would freeze customer assets, nexo . The battered company was one of the many loan companies affected by the downfall of Three Arrows Capital (3AC). Nexo has 60 days to decide whether Vauld is bought completely or not.
Last week Layer-1 blockchain protocol for peer-to-peer data transmission and transactions Rubix landed $ 100 million investment from LDA Capital, an investment company specializing in cross-border.
"This financing will help us to continue to be innovative and to create our vision, to create a better, greener world through web3. It opens doors for new partnerships, community engagements and solutions that build on the Rubix platform," said KC Reddy, chief architect and founder of Rubix, in an email to block works.
Risk capital company for gambling in the early phase convoy> supported by Axie Infinity developer Sky Mavis, announced on Wednesday that it will enable him to invest a 150 million dollar fund in blockchain games.
Although blockchain games are still a controversial area that is criticized by users because of their profit orientation, , money continues to flow into the room. One of the recent rounds includes Animoca Brands, A $ 32 million Series A Planetarium Labors , a startup that builds up a community-controlled web3 game network. Republic Capital also pours $ 20 million in oasen an environmentally friendly blockchain developed for the gaming community.
Further remarkable capital increases of the past week:
- Provider of cryptodates kaiko raised a $ 53 million series B led by Eight Roads Ventures.
- Bitcoin mining company terawulf got an additional $ 50 million of loans from Wilmington Trust to set up a computer center infrastructure.
- Blocksec A DAPP for security infrastructures, has led a 8 million dollar starting round together by Vitalbridge Capital and Matrix Partners.
- based in Switzerland qibbee A blockchain-based B2B reward marketplace that offers crypto and loyalty platforms for companies and consumers, closed the value of 4.8 million US dollar led by Z5 Capital.
Have a look again next week to learn more about the financing.
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The contribution Funding Roundup: Despite the bear market, money is still flogging in crypto.