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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From Alchemy to XYO, recapping the latest investments into the sector

The post Funding Roundup: $1.19 Billion Invested in Crypto Companies This Week appeared first on Blockworks.

INTERNET CITY, DUBAI, Feb. 11, 2022 – LBank Exchange, a global digital asset trading platform, has listed POP TOKEN (POP) on February 11, 2022. For all users of LBank Exchange, the POP/USDT trading pair is now officially available for trading. Play-to-Earn games have caught widespread attention across the globe in recent years. As Polygon chain’s...

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Bolide Finance, a DeFi yield optimization platform announced the successful closure of a Private Sale. The seed round

The post Yield Optimizer Bolide Has Successfully Closed Its Seed Round By Raising $3M appeared first on Crypto-News.net.

Humanode, a crypto-biometric network where one human equals one node and crypto firm Paradigm’s in-house project, today announced it successfully closed a $2 million seed funding round. Led by Republic Capital, the seed round was supported by others including Tribe Capital, Blizzard — the Avalanche ecosystem fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21, and […]

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Local crypto exchange PDAX has raised more than $50 million in a funding round led by Tiger Global.

The post PDAX Raises $50M to Support NFT and Play-to-earn in the Philippines appeared first on BitPinas.

Spark, a new and unique marketplace built on Avalanche for solving the problems of whitelisting and randomised minting

The post Next-Generation NFT Marketplace Spark Announces Successful Seed Fundraising Close appeared first on Crypto-News.net.

When investing, your capital is at risk. In this month’s Startups We’re Watching, the Seedrs team set their sights on the startups taking over the Wellness industry.  Discover the Swiss brand bringing outdoor exercises into your home with intelligent VR tools and the company helping us eat meat, guilt-free. Karina Mazur – Seed “I booked [...]

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DeFi investment startup Pillow raised $3 million in Seed funding The company will use the funds to fuel global expansion, build its investment strategies, and grow its user base “We want to create a future where accessibility to decentralized finance is democratized,” said company founders Pillow, a platform that invests in curated DeFi strategies, landed Read more...

The post Pillow Raises $3 Million for its DeFi Investment Platform appeared first on Finovate.

Some of the larger rounds include FTX’s $400 million and Phantom’s $109 million capital raises

The post Fundraising Wrap: Over $800M in Investments Poured into Crypto This Week appeared first on Blockworks.

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