Private Investors and VCs Flock to Crypto and DeFi As the Bull Run Rages On By IBTimes Staff Reporter
05/11/21 AT 1:29 PM Private Investors and VCs Flock to Crypto and DeFi As the Bull Run Rages On Photo: Pixabay
This cryptocurrency bull run looks very different from the last one. In 2017 and 2018, would-be entrepreneurs raked in funding by promising the earth to newcomer investors, who often received very little in return.
In contrast, blockchain development in 2021 is proving itself to be a far more professionalized ecosystem. Projects are turning to seasoned backers, offering a more sustainable chance of success.
For their part, VC firms and private investors alike are seeking out prime opportunities to get in on the ground of the rapidly expanding vision for Web 3.0. Here is a selection of recent funding rounds making headlines in the crypto world.
Meet Clover, The Next Generation Of DeFi On PolkaDot And Kusama
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A smart contract platform aimed at the decentralized finance market seeks to make it easy to transfer decentralized applications from clogged, expensive Ethereum to Polkadot.
The open-source project’s goal is to create easy-to-use blockchain infrastructure that will improve the interoperability of cross-chain assets, attracting developers of DeFi projects.
Clover Finance wants to build a one-stop infrastructure platform that will make it simpler and less expensive for developers of DeFi projects to migrate their DApps onto Polkadot, a potential Ethereum killer that achieves scalability by running many blockchains in parallel, each with its own design and each serving a specific purpose for a particular app.
April 19, 2021 at 05:09 AM EDT
Recently, NFTMart.io, Polkadotâs first NFT trading platform, announced that it has raised PE funding of $ 1.5 million. Investors are Block Dream Fundï¼OKExï¼, Bixin Ventures, Spark Digital Capital, Signum, ParticleXYZ, Lancer Capital, BML, Ti Capital, PrimeBlock Ventures,Capstone Group, Biki, DMG, Collinstar Capital, Winning Capital, Kernal, SnapFingers Research, Symbol Capital, Oasis Capital, 7 OâClock Foundation, EncryptClub, Searchlight Capital, Newave Capital, 499block, and Prometeus Labs. It is an important achievement following the seed funding last month. Among the seed funding investors, PAKA and LD continued to support the project in the private funding round.
The funding consists of two rounds. The first round raised $960,000 accounting for 8% of the total tokens, which is estimated to be worth around 12 million; and the second round raised $540,000 accounting for 3% of the total tokens, which is estimated to be worth ar
Place/Date: - April 12th, 2021 at 12:12 pm UTC · 3 min read
Raze Network, a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem, is set to launch its Initial DEX Offering (IDO). Starting today, on April 12, the public fundraising will take place on Bounce, Poolz, and DuckStarter, followed by a public distribution sale on Balancer Liquidity Bootstrapping Pool.
The upcoming IDO caps off a private sale round that was participated by prominent blockchain and crypto VC firms such as Master Ventures, X21 Digital, AU21 Capital, Spark Digital Capital, Signum Capital, AngelONE, Kyros Ventures, MarketAcross, Arpa Labs, Lotus Capital, Tenzor Capital, and Block Dream Fund.
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