Multicoin Capital raises $430M for new crypto startup fund
Even with Bitcoin, Ether and altcoins in a bear market, venture funding for the blockchain industry continues to grow. Prominent crypto investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital’s growing interest in the blockchain economy amid the bear market. Multicoin’s Venture Fund III will invest between $500,000 and $25 million in early-stage companies across various crypto- and blockchain-focused industries, the company announced Tuesday. It’s also willing to invest values of up to $100 million or greater for later-stage....
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Decentralized autonomous organizations continue to gain traction. In the case of Delphia, retail traders will be rewarded for contributing their personal data. Algo-adviser startup Delphia has closed a $60 million investment round backed by some of crypto’s biggest venture funds as it embarks on the creation of a new data-focused decentralized autonomous organization (DAO). The Series A was led by crypto-focused venture firm Multicoin Capital, with additional participation from Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice Ventures and Cumberland. Delphia will use....
While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the “next bear market will not be like the last one.” In fact, Samani remarks that there may not even be “a bear market at all.”
Multicoin Capital Executive Claims the ‘Next Bear Market Will Not Be Like the Last One’
One thing is for sure, cryptocurrency investors are fearful of a full-on bear market like the past two crypto winters that shaved digital currency prices....
Visa Inc. and Paypal have invested in Blockchain Capital’s new fund. The venture capital firm focuses exclusively on the crypto ecosystem and blockchain technology. Blockchain Capital Raises $300M for Its New Fund Blockchain Capital announced Tuesday that it has raised $300 million for its 5th venture capital fund (Fund V). Paypal and Visa were among the investors. Others include pension funds, major university endowments, and family offices from around the world, the company said, adding that select investors, including Paypal and Visa, will participate in its strategic partnership....
Although the hunger for quality multicoin wallet solutions is undeniable, finding them is no easy task. Especially considering that some of the very best ones have no commercial backing, and are true open source “labor of love” projects that solely rely on the generosity of the users. CCN gets straight to the heart of the matter with the first installment of the Multicoin Wallet Roundup Series and presents you the following candidates. The ALL-CoinWallet-QT multicoin wallet is a very simple open source QT-based multiCoin wallet coded in C#: The Orca RPC multicoin wallet server is perfect....
On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims to Expand Staff to ‘100-Strong’ Following parent company FTX raising $420.69 million three months ago, the U.S.-based trading platform FTX US announced it has raised $400 million in a Series A funding round. The Chicago-based FTX US....