Haun Ventures, a new firm led by former Andreessen Horowitz general partner Katie Haun, has raised $1.5 billion to invest in crypto-related startups for its first fund, according to multiple reports.

Katie Haun has broken the record for the largest amount of funds raised by a solo female founding partner.

Former federal prosecutor Katie Haun’s crypto venture capital fund has raised $1.5 billion to invest in crypto-related startups. (Read More)

Former federal prosecutor Katie Haun’s crypto venture capital fund has raised $1.5 billion to invest in crypto-related startups. (Read More)

This year, Silvergate Capital paid $182 million for Diem’s technology assets, bringing an end to Facebook’s plan to build a crypto payments network. The deal underscores how the social network giant, now Meta, has just a limited number of regulatory-approved options for becoming a prominent player in the blockchain space. These well-known investors participated in a strategic investing round, which was led by investors including Tiger Global, Multicoin Capital, Katie Haun and Coinbase Ventures. Blockchain System For Aptos Aptos, a project founded by ex-Facebook employees who just left the firm in December, has already received unicorn money from Andreessen Horowitz and other prominent web3 investors. Aptos Chief Executive Officer Mo Shaikh said in a recent blog post: “We are the founders, researchers, designers, and builders of Diem, the first blockchain developed for this purpose… while the rest of the world never saw what we produced, our job is far from done.” Aptos has disclosed that it has raised $200 million in capital from Tiger Global, Katie Haun, Multicoin Capital, 3 Arrows Capital, FTX Ventures, and Coinbase Ventures to pursue its goal of establishing a blockchain scalability system. Another prominent first-round investor is Silvergate Capital, while the Aptos team assures that they will not license or use any of Silvergate’s Diem IP as they develop their blockchain. Related Article | Gloomy Crypto Future? Book Author Warns We’re In The Biggest Bubble In History Crypto total market cap at $1.78 trillion on the daily chart | Source: TradingView.com No Direct Link With Facebook However, some in the crypto industry are skeptical of implementing Facebook’s web3 vision, even though Diem proponents like Andreessen Horowitz may rally behind a group aiming to take up the effort. “To be clear, we have no official connection with Facebook and no funding from them,” Shaikh said. As a result, Aptos sees another challenge in recruiting developers. Move, an open-source programming language developed by Meta, is being used to lure new developers to the company. The Aptos Devnet Instead of building on top of existing decentralized networks like Ethereum or Solana, Aptos will create its own decentralized network from the ground up. Additionally, Aptos launched its “devnet,” which will allow developers to explore and build on the Aptos blockchain before its public release, which the company expects to take place in the third quarter this year. The fundamental objective of Aptos is to develop a blockchain that is more scalable, faster, and has cheaper transaction fees than the current major networks. Customers that are interested in embracing blockchain technology should expect a more stable and dependable network from the project’s developers. Related Article | Abra CEO Predicts Ethereum Could Reach $40,000 – But Some Fintech Analysts Don’t Agree Featured image from SiliconANGLE, chart from TradingView.com

NFT marketplace OpenSea has launched an investment arm to fund Web3 projects including a community grants program to support community initiatives that benefit the wider Web3 and NFT ecosystem. The initiative will be led by OpenSea co-founder Alex Attalah. In addition to the capital, it will also offer access to company leadership and to its own venture partners, which include Andreessen Horowitz, Katie Haun, and Electric Capital, among others. As for the new investment arm, the project will focus on four key themes including the ‘shift to a multi-chain world’ for both fungible and non-fungible tokens, new NFT protocols, Web3 gaming, and social projects, and NFT aggregators that support both OpenSea and other marketplaces. “We hope that OpenSea Ventures will provide Web3 developers and NFT creators around the world with the resources they need to build new decentralized economies that give creators, developers, and consumers greater freedom and ownership,” the firm said. In addition, OpenSea’s new grants program is slated to provide funding, advice, technical advisory, and strategic connections to the investment arm’s. With the new venture arm, OpenSea follows in the footsteps of US-based crypto exchange Coinbase, whose investment arm, Coinbase Ventures, participated in the NFT marketplace’s $2 million seed round in 2018. OpenSea recently closed a $300 million Series C funding round led by Paradigm and Coatue which resulted in the company’s valuation hitting $13.3 billion.

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Another NFT platform succeeds in raising capital from investors; Autograph has raised $170 million in Series B funding, co-led by a16z and Kleiner Perkins. (Read More)

Blockchain analytics platform Nansen raised $12 million during its Series A funding round, led by venture capital firm Andreessen Horowitz.Sponsored Sponsored The investment...

In an interview with CNBC, cybersecurity firm FireFly’s CEO Kevin Mandia said that the advent of crypto is related to the increase in ransomware attacks.

One small-cap crypto newcomer is defying the widespread downturn that’s hammered Bitcoin and the altcoin markets at large. The global payments infrastructure platform Celo (CELO) has soared more than 50% in the past week, as larger assets like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and Cardano (ADA) remain in the red on their weekly […]

The post Crypto Newcomer Backed by Coinbase Soars 50% in One Week, Defying Bitcoin and Altcoin Markets appeared first on The Daily Hodl.

TL;DR Breakdown • Andreessen Horowitz’s crypto fund co-chair said the industry could be as significant as the Internet for investors.• Katie Haun has indicated that the $2.2 billion funds will focus on companies that help the crypto market grow. Katie Haun said in a recent magazine that NFTs would also be a significant focus. The […]

Former federal prosecutor Katie Haun is co-founding a new crypto fund. The Silk Road prosecutor was first introduced to Bitcoin seven years ago after spending her career investigating prison gangs, corrupt officials, and the mafia for the U.S. Department of Justice. She went on to create the government’s first cryptocurrency task force and led investigations […]

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