Week of June 29th: Momentum Continues To Grow In The Digital Finance Space

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Thank you for visiting the Crypto Curator Block Party. Another week and we’re well north of $1B (actually over $2B this time) of activity in the Digital Asset and Blockchain industry. The powerhouse Andreesen Horowitz a16z software is eating up the world, serving as a benchmark for how to fund digital asset projects. Having amassed a whopping $2.2B, you will see below that these monies are being deployed in several types of companies in the space. 

Right behind them is Softbank, pouring $200MM into a Latin American exchange. This is helping to open more onramps to Bitcoin and other Digital Assets. 

So dive in because there is a lot of money that will have a massive impact in the coming years. 

Low Tier ($22MM)

Cardano-based data platform IAGON raised $3.4MM

RabbitHole raised $3.6MM to build a Crypto participation platform. 

Mercuryo secured $7.5MM in Series A funding round. 

Calaxy raised $7.5MM in funding to develop a fan app. 

Mid Tier ($75MM)

Bitcoin ETF applicant Valkyrie raised $10MM in Series A funding. 

Blockchain analytics firm Nansen secured $12MM in an Andreessen Horowitz-led raise. 

Mark Cuban-backed NFT platform Mintable raised $13MM in Series A.

Argo Blockchain received a $20MM Bitcoin-backed loan from Galaxy Digital for a Texas mining facility.

 Blockware Mining raised $25MM amid bitcoin hashrate migration.

High Tier ($2.5B)

Chainalysis raised $100MM in Series E funding led by Coatue. 

Latin America’s Mercado Bitcoin exchange raised $200MM from SoftBank. 

VC Giant Andreessen Horowitz will launch a $2.2B Cryptocurrency fund.

No matter how you see it, there is no denying that a lot of attention is being directed toward decentralized finance and Blockchain Technology. One can only imagine how this will transform our world in ways we can’t even imagine. We are in epic times.

Until next time, have a great July 4th. We’ll see you around “The Block.” 

Paul McNeal
Paul McNeal

Paul McNeal aka “The Crypto Curator” is a Speaker, Brand Evangelist, and Technologist. He spent the earlier part of his career serving in the United States Navy Submarine Force working in communications. He co-founded a content curation startup that grew rapidly and was recently acquired. He was an early adopter of Bitcoin, becoming aware of it in 2011, and has since continued to monitor the developments of Blockchain Technology daily. Paul’s curation is hand-selected daily, and is featured in our newsletter and website every Friday!

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