Mo’ Money, Mo’ Money, Mo’ Money!

February 19th 2021

by Paul McNeal aka The Crypto Curator

With the passing of each month, money continues pouring into the Digital Asset project space. Just this last week, Jack Dorsey and Rapper Jay-Z gave $23.6M in BTC to a new development trust, the impact of which won’t truly be felt for months to come. 

Over half a Billion dollars have been raised by teams across the spectrum. By way of example, Pyctor, a decentralized permissioned network project led by ING in collaboration with regulated financial institutions indicated that it was raising an undisclosed amount of funds. Their aim is to empower institutions to securely issue, access, and manage digital assets in a regulatory compliant manner.

Then there is the digital art project Async Art , which secured $2M in seed funding. This is another indication that the non-fungible token (NFT) sector is heating up for sure.

Next up is the mobile money platform Pngme which raised $3M to expand across Africa. They are involved in simplifying financial data so that developers can innovate faster.

Reflexer Labs raised $4.4M to build out ETH-backed Stable Asset, RAI. This is really needed in a time where regulators might make it so that every Stablecoin user is KYC’d. RAI is a decentralized, stable and non pegged currency made for the digital economy. 

Blockchain remittance platform Valiu raised $5.25M in seed funding. They offer the safest way to send and multiply your money.

Ethereum storage network Swarm raised $6M in a private token sale.

Synthetix announced a $12M raise led by Paradigm, Coinbase Ventures, and IOSG. They are a derivatives liquidity protocol which serves as the backbone for derivatives trading in DeFi. This provides a mechanism for anyone, anywhere to gain on-chain exposure to a vast range of assets.

Now we kick things into high gear. Bitcoin mining infrastructure provider Computer North raised $25M to expand their operations. With mining such a vital operation in the Bitcoin ecosystem, they provide scalable, flexible, and efficient operations for colocation.

Digital Asset wallet startup raised $120M from investors including Google Ventures. It is trusted by 67M wallets with over $620B in transactions since 2013. 

Last but not least, the firm that brought us NBA Top Shot and CryptoKitties, Dapper Labs raised $250M+ at $2B valuation. They are in the serious business of fun and games on the Blockchain. 

In addition to all of this funding being put to work, several funds also announced funding for DeFi, Digital Assets, Insurance, and banking. This included an acquisition where Mogo acquired 20% of Coinsquare for $56.4M and Bitso bought Gibraltar-based Digital Asset derivatives platform Quedex.

Remember folks stay STRONG and HODL on! 

Tags : bitcoinBlockchain ProjectsDigital AssetHODLinvestment

No Comments

Leave Your Comment Here

Thanks for submitting , your comment will be made live when approved by admin.