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Terra wallet Leap raises $3.2 million in a private token sale

Leap, a non-custodial crypto wallet for accessing the Terra ecosystem, has raised $3.2 million in a seed funding round. CoinFund and Pantera Capital co-led the round, with Arrington Capital, Accel and Terraform Labs participating. This was a private token sale round and will be used to increase Leap’s team size and launch mobile apps, the project’s founder Sanjeev Rao told The Block. The current headcount of Leap is six and the firm plans to hire several people across product, engineering, …

Ethereum Layer 2 Boba Network raises $45M at a $1.5B valuation

Boba Network, an Ethereum Layer 2 scaling project that utilizes optimistic rollups, has raised $45 million in Series A funding at a $1.5 billion valuation. Investors included Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Will Smith-led Dreamers VC and M13 Ventures (founded by Paris Hilton’s husband, Carter Reum). There was no lead investor for the round. This was Boba’s first funding round and realized via a token sale, the project’s founder Alan Chiu told The Block. Chiu declined …

Mina Ecosystem raises $92 million from Three Arrows, FTX and others

The Mina Ecosystem, a group representing several teams behind the privacy-focused blockchain protocol Mina, has raised $92 million in a token sale and plans to use the funds to attract more software developers. Three Arrows Capital and FTX Ventures co-led the raise, with Alan Howard, Brevan Howard, Amber Group, Blockchain.com, Circle Ventures, Pantera Capital and others participating, according to a statement from the Mina Ecosystem today.  The Mina Ecosystem is a collective involving several groups, including the Mina Foundation, Evan Shapiro, …

Serum community foundation raises $100M from Tiger Global and others

The Incentive Ecosystem Foundation, a community-led foundation of Project Serum, has raised $75 million in a new funding round. Serum is a Solana-based decentralized exchange and liquidity infrastructure platform. Tiger Global, Commonwealth Asset Management, Tagus Capital, executives at Golden Tree Asset Management, and several other investors participated in the round. This was a token funding round where investors were offered a bunch of different tokens at a discount to their market price, JHL, a contributor to Project Serum, told The …