Finance Briefing: Despite the Bear Market, Money Still Flows in Crypto
- Nexo is considering acquiring Singaporean Fold’s centennial rival
- Rubix receives a $100 million investment from LDA Capital
When FTX announced that it would acquire BlockFi for up to $240 million on Friday, June 1, a ray of hope emerged for the struggling Web3 startups that would help larger and more financially stable crypto companies.
After Celsius announced that it would freeze customer assets, the Nexus Expressed interest in buying Cellar to accelerate its presence in Asia. The troubled company was one of several lenders that found themselves affected by the collapse of Three Arrows Capital (3AC). Nexo will have 60 days to decide whether or not to buy the entire Fuld.
Last week, a Layer 1 blockchain protocol for peer-to-peer data transfer and transactions Rubix landed a $100 million investment From LDA Capital, an investment firm specializing in cross-border transactions.
“This funding will help us continue to innovate and achieve our full vision of creating a better and greener world through Web3. It opens the doors to new partnerships, community engagements, and solutions built on,” KC Reddy, chief architect and founder of Rubix, told Blockworks in an email. The top of the Rubix platform.
Venture capital company in the early stage of the games Convoypowered by developer Axie Infinity Sky Mavis, announced on Wednesday that it will launch 150 million dollars It will allow it to continue investing in blockchain games.
Although blockchain gaming remains a controversial space, attracting criticism from users for being profit-driven, according to Bloomberg, money continues to flow into the space. Among the recent tours is Animoca Brands’ announcement that it will lead a file $32 million Series A for Planetarium coefficient, a startup building a community-driven Web3 gaming network. Republic of capital is also flowing 20 million dollars inside OasisIt is an eco-friendly blockchain designed for the gaming community.
Other notable capital increases in the past week:
- encryption data provider Kaiko raised $53 million from Series B Led by Eight Roads Ventures.
- bitcoin mining company Tyrawolf received additional 50 million dollars in loans From the Wilmington Trust to build the data center infrastructure.
- BlockSecwhich is a dApp security infrastructure, has raised 8 million dollar seed round Co-led by Vitalbridge Capital and Matrix Partners.
- Switzerland based qiibeeA $4.8 million seed round Led by Z5 Capital.
Check back next week for more funding news.
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