Blockstream Raises $55 Million to Build Out Bitcoin’s Blockchain
Blockstream has raised $55m in Series A funding to continue its work expanding the bitcoin code base for commercial use. With the news, Blockstream's total funding rises to $76m over two investment rounds. To date, the company's signature technology has been its sidechains offering, currently in testing, which enables the creation of blockchains that can validate data from, and transfer assets to, other blockchains. Blockstream’s round was led by venture capital firms AXA Strategic Ventures, the venture capital arm of French multinational insurance firm AXA Group; Digital Garage, the....
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Bitcoin infrastructure firm Blockstream is now valued at $3.2 billion after a $210 million Series B raise.
Blockstream has officially announced $21m in seed funding to continue the development of its much-anticipated blockchain technology proposal, 'sidechains'. Announced on the Blockstream website, the round was led by LinkedIn co-founder and Airbnb board member Reid Hoffman. Khosla Ventures, which has previously invested in bitcoin API developer Chain; and Canada-based seed fund Real Ventures. In total, Blockstream indicated 40 investors took part in the round. Blockstream CEO Austin Hill positioned the funding as proof that the wider tech industry is increasingly acknowledging the disruptive....
Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion.
Animoca Brands Raises $358 Million in Financing Led by Liberty City Ventures, Blockchain Company Has Pre-Money Valuation of $5 Billion
The firm Animoca Brands is a global developer utilizing popular brands,....
Blockstream to leverage blockchain technology to develop the Sidechain. In another case of billionaires betting big on Bitcoin and the blockchain technology, a number of technology entrepreneurs have come together to work on a Bitcoin project. The group of entrepreneurs who have previously worked with companies such as LinkedIn, Sun Microsystems and Yahoo have so far contributed a total of US$ 21 million to Blockstream. Also read: SEC Form Shows Bitcoin Technology Company Blockstream Already Has Millions in Funding. The Blockchain - Difficult to Corrupt. Blockstream aims to enhance the....
Is the scaling effort leading to Bitcoin’s privatization? NodeCounter.com accuses Blockstream of crippling Bitcoin for financial gain. Since Blockstream got involved in the scaling of Bitcoin, the issue of Bitcoin privatization has sprung up. Blockstream President Adam Back is of the view that a plan for scaling Bitcoin to handle more users over the next few years would double the on-chain transaction capacity on the network three years in a row, while simultaneously allowing for the development of layer-2 solutions, such as the Lightning Network, which could allow for millions or billions....