Rally, GlobeDX and SingularityDAO highlight active week for crypto raises
The three projects raised a collective $77.7 million, underscoring investor appetite for all things blockchain and cryptocurrency. Blockchain projects Rally, GlobeDX and SingularityDAO concluded highly successful private sales this week, offering further evidence that smart-money investors were still eyeing up-and-coming digital asset plays. Rally, the so-called “crypto for creators” platform, raised $57 million for its community treasury through the sale of its RLY governance token, the project announced Wednesday. The Rally network now has over 100 creator coins representing various....
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Globe Derivative Exchange prepares to launch its platform next month by raising $18 million for a token sale. A new global cryptocurrency derivatives exchange, Globe Derivative Exchange — or GlobeDX — continued its preparation for the platform's launch by securing another major raise.GlobeDX announced Wednesday that the firm successfully raised $18 million through a new funding round featuring investors like seed money startup accelerator Y Combinator and Tim Draper’s Draper Dragon fund. Other investors included crypto exchange OKEx, Pantera Capital, Republic Crypto, CMT Digital and Wave....
Competition between derivatives exchanges, which was already fierce, has gotten hotter with the arrival of GlobeDX onto the scene. The exchange, which specializes in derivatives, is set to hold its public token sale on April 30 after completing an $18 million private round. Several leading blockchain VCs participated in the round to support Globe’s goal […]
SingularityDAO, an independent project from the AI-driven marketplace SingularityNET, believes decentralized finance will be the fastest vehicle for improving the world, with artificial intelligence (AI) steering the wheel. Support for SingularityDAO’s vision was recently shown in a private funding round led by Alphabit that netted $2.7 million from the likes of GBV (Genesis Block Ventures), […]
Up-and-coming derivatives exchange GlobeDEX – or Globe as it’s simply known – has closed a private round worth $18 million. A host of blockchain VCs lined up to back the exchange on its mission to create an advanced trading platform that can cut it with the best of them. Its team, who can’t be accused […]
The merger between artificial intelligence and decentralized finance is growing. SingularityDAO focuses on creating AI-driven investment portfolios. Decentralized finance (DeFi) portfolio manager SingularityDAO has appointed research scientist Chris Poulin as its new chief technology officer and head of artificial intelligence, underscoring the company’s ambitions for AI-driven investment solutions.In his new role, Poulin will be tasked with developing SingularityDAO’s DynaSets, an AI-powered system for building a curated basket of crypto investments. DynaSets hold a collection of DeFi....