BAYC’s ApeCoin up 50% this week as its creator raises $450M in new funding
APE has closed above a key interim support level, raising its possibilities to extend its rebound move. Go to Source Powered by WPeMatico
Andreessen Horowitz
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NFT creator Yuga Labs raises $450M, bringing company valuation to $4B
Led by Andreessen Horowitz, the seed round is one of the largest funding deals in the nonfungible token market. Go to Source Powered by WPeMatico
VC Roundup: NFTs, crypto mortgages, 5G network and Web3 devs raise millions
From digital art to mortgages, blockchain technology is disrupting traditional industries — and attracting major investors to boot. Go to Source Powered by WPeMatico
Diem team members raise $200M to launch blockchain derived from it
“Since departing Meta (formerly Facebook) we have been able to put our ideas into motion, ditch bureaucratic red tape, and build an entirely new network,” Aptos stated. Go to Source Powered by WPeMatico
Crypto Biz: Goldman Sachs tip-toes into ETH, Mar. 4-10
The megabank is offering investors access to Galaxy Digital’s ETH fund, while a16z just splurged $70 million on an Ether staking protocol. Go to Source Powered by WPeMatico
Andreessen Horowitz invests $70M in Ethereum staking protocol Lido
The venture capital firm said Lido’s liquid staking solution removes many “operational complexities” institutional investors have faced in staking ETH. Go to Source Powered by WPeMatico
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club
Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising funds from investors such as the venture capital firm Andreessen Horowitz. The alleged funding round is expected to be around $200 million, but sources further say “the deal is not yet closed.” … Read more
Blockchain startups grow as global VC funding generated $25.2B in 2021
A 713% increase in venture capital funding went to global blockchain startups last year, but will this trend continue? Go to Source Powered by WPeMatico
Reports Bored Ape creator in talks with A16z: Potential valuation $5B
Garnering interest from one of Silicon Valley’s top VC’s, Bored Ape Yacht Club creator Yuga Labs, may be eyeing a $5 billion valuation. Go to Source Powered by WPeMatico
a16z-backed TrueFi launches DeFi lending market for asset managers
Ali Yahya, a general partner at Andreessen Horowitz, told Cointelegraph that TrueFi will “bring the unique advantages of DeFi to a wider and global user base.” Go to Source Powered by WPeMatico
