Mosaic Ventures ‘Sidechains Are Not a Theory’
A firm called Mosaic Ventures based in London has revealed they were a participant in the $55 million Series A financing for the company Blockstream. They also invested in the business in 2014 at a time when Bitcoin was claimed to be dying, and centralized blockchains were coming into the industry. However, the investment firm says the company is made up of “long-term believers” of the technology and it sees a lot of potential with the Blockstream business model. Mosaic Ventures was founded in 2014 by Simon Levene, Toby Coppel, and Mike Chalfen. The company states its invested across ten....
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SideChains. No, SideChains is not the brother of prominent rapper 2Chainz (although it could be in the future, you never know). SideChains were first announced by Adam Back and Austin Hill on Let’s Talk Bitcoin. SideChains are basically new “blockchains” pegged to bitcoin similar to how the dollar used to be pegged to gold before Nixon removed the dollar from the gold standard in 1973. In theory, each SideChain would service a different purpose however they would all benefit from the adoption and benefits of bitcoin. Proponents of sidechains hail it as the end of altcoins while alternative....
Today we learnt that blockchain technology company, Blockstream, had closed on a $55 million financing round that sees its total raised capital reach $76 million – a great achievement for a company in such a nascent (in the grand scheme of things) space. Three organizations led the round, Horizons Ventures, AXA Strategic Ventures, and Digital Garage, a number of the company’s current investors upped their exposure with additional allocation, including AME Cloud Ventures, Blockchain Capital and Seven Seas Venture Partners. For those not familiar with the company, Blockstream’s remit....
The authors of the much-discussed Bitcoin Sidechains paper "Enabling Blockchain Innovations with Pegged Sidechains," released in October, formed the company Blockstream to implement sidechains and accelerate innovation in digital currencies. In November, Blockstream closed a $21 million seed funding round with nearly 40 high-profile investors. The Bitcoin Sidechains paper envisages an ecosystem of "sidechains" separate from the main Bitcoin blockchain but interoperable with it by means of two-way pegs, allowing for the transfer of assets between sidechains and the main blockchain. A....
Executives representing investors Mosaic Ventures and Placeholder have joined Zerion’s board of directors as part of the deal. Ethereum-based DeFi aggregator, Zerion, has raised $8.2 million in a Series A funding round.The non-custodial aggregation platform facilitates access to more than 60 Ethereum-based protocols, such as Aave, Yearn.finance, and Curve. Zerion has processed more than $600 million worth of volume in 2021 so far with a median trade of $1,000.The raise was led by Mosaic Ventures, and also featured participation from Placeholder, Digital Currency Group, and Blockchain.com....
Blockstream has announced it will release an open source codebase and testing environment for its signature sidechains project. Called Sidechains Elements, the launch is the first major release for the bitcoin startup since it published its white paper last fall. According to Blockstream, the code will allow community developers to experiment with sidechain functionality, with initial features allowing users to transact and issue digital assets. The release comes months after Blockstream raised $21m in seed capital from investors including Reid Hoffman, Google chairman Eric Schmidt's....