Digital Asset Liquidity Exchange Melotic Closes $1.175 Million Seed Round
Hong Kong-based 'curated' digital asset exchange Melotic has secured a $1.175m seed-funding round led by Ceyuan Ventures, with additional backing from Lightspeed China, Barry Silbert's Bitcoin Opportunity Corp, 500 Startups, and venture capitalist Marc Van Der Chijs. Melotic founder and CEO Jack Wang told CoinDesk the company will use the funds to expand both its team and operations. Melotic's goal is to "build a liquid multi-asset exchange to facilitate conversions between numerous digital assets". This includes altcoins, application-specific 'appcoins', asset-backed tokens, and other....
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There's just a whole lot of investment going on in the bitcoin/cryptocurrency industry lately. The latest to report investment cash is Hong Kong-based digital asset exchange Melotic (founded earlier this year). CoinDesk reports that the company has raised $1.175 million in seed funding in a round led by Ceyuan Ventures, a Chinese venture capitalist firm. Other investors that participated in the round include Lightspeed China, the Bitcoin Opportunity Corp. (led by Barry Silbert), 500 Startups, and Marc Van Der Chijs. According to the CoinDesk report, the company will be using the funds in....
Hong Kong-based cryptocurrency startup Melotic has announced that it is shutting down its digital asset exchange, citing a lack of sufficient growth. In a 3rd May blog post, Melotic indicated that the cost of operating its platform had become prohibitive. The exchange, which hosts a number of altcoins and decentralized app (dapp) tokens, appears to have fallen victim to low trading volumes. According to the post, users will have until 15th May to withdraw their balances, and deposits. After 15th May, the exchange will be shut off. Melotic said that it intends to continue operating with an....
PRESS RELEASE. Dubai, UAE, 5th November 2021 — Mintverse, a new and improved NFT service platform, closes their seed round raising $1.5 million from private investors. Led by A&T capital, and other large investment firms including Mirana Ventures, Longling Capital, Genesis Block Ventures, FBG, Fenbushi Capital, Cipholio Ventures, Nebulas, Ceras Ventures, NDG and other individual angel investors, Mintverse aims to be a community-based initiative to provide products and services that explore future use cases of NFTs.
It is expected to feature a completely decentralized....
After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa.
New Funding to Help Bitmama Scale Up Crypto Use Cases in Africa
A Nigeria-based blockchain startup, Bitmama, recently closed its pre-seed funding round at $2 million after it added $1.65 million to the $350,000 that was raised in October last year. According to a Techcrunch report, the funding....
Unchained Capital closed a $5.5 million equity seed round led by NYDIG, and the groups now seek to build out bitcoin-native infrastructure. The post Unchained Capital Closes $5.5 Million Round Led By NYDIG appeared first on Bitcoin Magazine.