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Tiger Global leads $15 million Series A for Coinshift

Coinshift, an Indian crypto startup that provides treasury management tools for decentralized autonomous organizations (DAOs) and web3 firms, has raised $15 million in a Series A funding round as it plans to expand to new blockchain networks. Sharing the news exclusively with The Block on Tuesday, Coinshift said Tiger Global led the round, with Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Polygon Studios and others participating. Angel investors include Ryan Hoover, the founder of Product Hunt and Weekend …

Terra Dapp Expo canceled following chaotic week for Terra network

The Terra Dapp Expo, slated for June 9 and 10 in Austin, Texas, has been canceled, according to the expo’s official Twitter feed. “We have been monitoring the community responses to the idea of TDX continuing, and after careful deliberation we have sadly decided to cancel the event. The decision was not made lightly and is crushing news for everyone involved,” the expo organizers said on Twitter. Over the past week, the linked meltdown of the algorithmic stablecoin UST and …

Web3 development platform Moralis reels in $40 million in Series A

Web3 development platform Moralis said on Wednesday that it has snagged $40 million in a Series A funding round.  Investors in the platform, which launched last June, include EQT Ventures, Fabric Ventures, Coinbase Ventures and Dispersion Capital, among other angels.  The Stockholm-based business, which provides infrastructure for developers to build and launch apps, games and NFTs cross-chain, said in a release that it will use the money for product development, improving user experience and scaling to both increase its client …

A16z leads $25 million seed round for NFT infrastructure startup Co:Create

Co:Create, a crypto startup building an infrastructure protocol to help NFT projects launch tokens and manage DAOs, has raised $25 million in a seed round led by Andreessen Horowitz (a16z). Other investors include Tom Brady’s NFT platform Autograph, Packy McCormick’s Not Boring Capital, FTX Ventures’ Amy Wu, Gary Vaynerchuk’s VaynerFund and the teams behind NFT fractionalization platform Fractional.art and Nike-acquired NFT studio RTFKT, the company announced on Tuesday. ‘Beyond the drop’ Co:Create says its protocol, currently under development, aims to …

Citi, Wells Fargo join $105 million round for crypto trading infra firm Talos

Talos, a crypto trading infrastructure firm that provides tooling for institutional investors across the trade lifecycle, has raised $105 million in a Series B round as it plans global expansion. Growth investor General Atlantic led the round, with Citigroup, Wells Fargo Strategic Capital, BNY Mellon, DRW, SCB 10x, Stripes, Voyager and others joining as new investors, Talos announced on Tuesday. Previous investors, including Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments, also participated in the round. The …

First non-crypto company issues ‘pre-IPO’ equity tokens on European Digital Assets Exchange

Quick Take HCS Pharma announced plans to sell security tokens on the European Digital Assets Exchange on Thursday. This is the first example of a non-crypto company offering ‘pre-IPO’ tokens to investors.  HCS Pharma became the first non-crypto company to offer “pre-IPO” tokens to investors on Thursday as the company launched a security sale on the European Digital Assets Exchange (EDSX). The French biotech is raising funds before joining the Frankfurt Stock Exchange in a traditional initial public offering (IPO) …

Q1′ 22 blockchain private funding and M&A recap

April 12, 2022, 2:33PM EDT • 21 min read Quick Take The blockchain/crypto sector received nearly $12.5 billion in venture funding, a sector high, and it has continued to increase for seven consecutive quarters now The 624 funding deals that occurred last quarter are also a record for the blockchain sector, which was previously set during Q2′ 21 The NFTs/Gaming vertical made up roughly 36% of investment deals for the sector. On the contrary, DeFi’s percent of total deals has …

Scaling at the data layer and “layer zero”

April 12, 2022, 12:30PM EDT • 13 min read Quick Take Scalability is hard for decentralized blockchains because numerous confirmations by a large network of nodes are both computationally intensive and time-consuming Per the scalability trilemma, blockchains that keep to “simple” techniques almost inevitably have to sacrifice either decentralization or security to preserve scalability Here, we dive into advanced techniques at the data layer, including block expansions, segregated witness (SegWit), and directed acyclic graphs (DAGs) that try to increase scalability …

Clearing service DTCC pushes ahead with CBDC prototype ‘Project Lithium’

The Depository Trust & Clearing Corporation (DTCC) said on Tuesday that it is set to develop a prototype of how a central bank digital currency (CBDC) might work in the US in practice.  The corporation, which provides post-trade market infrastructure for the financial services industry, said in a press release that the model will use distributed ledger technology (DLT) and measure the benefits of a CBDC.  The assignment, dubbed ‘Project Lithium,’ comes as part of the digital dollar project (DDP) …

Mapping out Coatue Management’s crypto portfolio

April 5, 2022, 4:28PM EDT • 3 min read Quick Take Founded by Philippe Laffont in 1999, Coatue Management is a New York-based investment firm that manages over $70 billion worth of assets As far back as 2018, Coatue has been intrigued by the potential of digital assets where it participated in the significant mining manufacturer Bitmain’s Series B round In total, The Block has recognized and mapped out 14 crypto-related investments across eight verticals Join The Block Research for …