Immutable X (IMX) gains 50% following the close of a $200M fundraising round
IMX price rallied by 50% after the successful completion of a $200 million Series C funding round and the influx of new projects planning to launch on the layer-2 NFT solution. Non-fungible token (NFT) projects have been hard hit by the price decline across the cryptocurrency ecosystem and the current bearish conditions have spared few tokens from a price collapse.One project that is attempting to get back on solid footing is Immutable X (IMX), an NFT-focused layer-2 (L2) scaling solution for the Ethereum (ETH) network designed to offer near-instant transactions and zero gas fees for....
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Faced with a decline in cryptocurrency values, Immutable Games Studio is currently downsizing and terminating the job contracts of multiple employees, including one of its senior game designers. Just months after securing a $200 million fundraising round, the Australian tech company is now letting go some of its employees. According to CNET, citing sources, James […]
Chief executive Austin Hill originally told CoinDesk that Blockstream's SEC filing was an "incomplete and inaccurate notice". He has since clarified that the SEC filing is complete and accurate, but does not "portray the whole picture" at this point in the company's fundraising process. This article has been updated accordingly. Blockstream has raised at least $15.18m toward a major funding round expected to close in the coming weeks, according to a recent Securities and Exchange Commission (SEC) filing. The filing also shows that Reid Hoffman, a partner at venture firm Greylock Partners....
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio On Monday, the blockchain company Immutable revealed it raised $200 million from investors in a Series C funding round. The financing was led by Temasek alongside other participants including Tencent, Animoca Brands,....
Cashfusion, the privacy-enhancing solution for the Bitcoin Cash network is nearing its one-year anniversary and during the last four months, fusions have increased by 328.93%. The protocol recently completed a security audit and fusions are nearing 20k with close to $200 million worth of bitcoin cash fused to-date. On November 28, 2020, the Cashfusion protocol for the Bitcoin Cash (BCH) network will celebrate a milestone of one year operating so far. At the time of publication, stats from the web portal stats.devzero.be/#/fusion shows approximately 19,658 fusions have been processed since....
The popularity of crypto sector is climbing higher daily. More companies are diving into the industry, given its high potential for making more profits than most conventional assets. These emerging firms notably impact the system by providing unique crypto-related products and services. For the success of most of their projects, some of these crypto service firms engage in fundraising. These processes have become one of the famous activities that occur in the crypto industry. Such rounds usually help them generate most of the required funds to facilitate their ongoing or future projects.....