Algorand-Backed Axelar Raises $3.75M in Seed Funding to Help Blockchains Comm...

The platform's one-billion-dollar valuation affirms the burgeoning demand for decentralized cross-chain service providers in the blockchain industry. The Axelar Network has announced the completion of a $35 million Series B funding round, pushing its market value above $1 billion. Participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others.The raise succeeds a previously undisclosed round led by the head of Crypto.com Capital, Bobby Bao in late-November 2021, a nine-investor $25 million Series A raise led by Polychain Capital, and....

Erthas’ metaverse, built on Binance smart chain, has just concluded a seed funding round. The project has garnered interest from the venture capitals and ended with an oversubscribed seed round which was considered an excellent achievement for the projects’ fundamentals. Ertha has collected funding from 4 venture capitalists. Investors backed the project seed funding round: […]

Ertha’s metaverse, built on Binance smart chain, has just concluded a seed funding round. The project has garnered interest from the venture capitals and ended with an oversubscribed seed round which was considered an excellent achievement for the projects’ fundamentals. Ertha has collected funding from 4 venture capitalists. Investors who backed the project seed funding round: Mars4 Terranova X21 Momentum 6 NFTs have been gaining a lot of attention over the current year and have attracted investments....

Axelar surpasses $1B valuation, Ethereum’s metrics reveal insights, Umbria innovates on Avalanche — all in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.This week has been full of funding raises, innovations, service deployments and a bit of volatile technical price action — for a change.Axelar Network attains $1B valuation following secondary raiseThe Axelar Network announced the completion of a $35-million Series B funding round this week, elevating its total market valuation to over $1 billion and establishing its status....

Startups working with Algorand's blockchain may receive up to $500,000 in seed funding through the program.