Solana Labs raises $314M via private token sale as ecosystem support expands
Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from Alameda Research, Blockchange Ventures, CMS Holdings, Coinfund, CoinShares, Collab Currency, Memetic Capital and many others. Cryptocurrency venture capital funds have poured hundreds of millions of dollars into Solana Labs to support further development and execution of decentralized applications and platforms building on Solana. Solana Labs, the blockchain development studio devoted to incubating Solana projects, announced Wednesday that it had raised $314.15 million through a private token sale —....
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Venture capital continues to flood the cryptocurrency market, with Neon Labs securing a considerable fundraise via its NEON token sale. Decentralized finance development firm Neon Labs has concluded a $40-million private token sale as part of its ongoing efforts to create an Ethereum-compatible environment on the Solana blockchain, underscoring heightened investor demand for scalability and liquidity solutions in the rapidly growing decentralized finance market.The private sale of NEON tokens was led by Jump Capital, a Chicago-based venture firm, with additional participation from Shu Zu’s....
Dapper Labs has closed an $18 million token sale on the strength of its latest collectibles game, NBA Top Shot.
On Wednesday, the leading crypto industry firm, Bitcoin.com, announced it has concluded a private sale of its VERSE token and secured $33,600,000 from strategic investors. VERSE is meant to bolster Bitcoin.com’s growing infrastructure by providing a utility token that rewards users for contributing to the Bitcoin.com ecosystem. Bitcoin.com’s Private Token Sale Raises $33.6 Million This week, Bitcoin.com revealed that it has completed a private sale of its VERSE token and raised $33.6 million from participating investors. For over seven years, Bitcoin.com has been an industry....
The Solana ecosystem continues its development in DeFi. Step Finance, a Solana-native decentralized finance protocol, announced the completion of a private token sale for $2 million, which will help build and develop its platform.The round, disclosed on Tuesday, saw participation from notable Solana backers including Alameda Research, the hedge fund known for launching and backing FTX and Serum. Other investors include Raydium, One Block, 3 Commas Capital, Solidity Ventures and some undisclosed individual investors within the Solana ecosystem.Step Finance is a DeFi position manager and....
Solrise Finance is a DeFi protocol designed to support managed portfolios on the Solana network. The platform allows investors to allocate capital across several actively managed funds. Solrise Finance, a DeFi protocol for the Solana network, has successfully concluded a $3.4 million raise for its non-custodial asset management platform, offering further evidence that the venture capital world continues to seek broad exposure to the digital asset market.Some of the biggest venture capital names in blockchain supported the Solrise funding round, including Alameda Ventures, Delphi Digital....