The startup offers multi-chain structured financial products with plans for a buy-side altcoin options market.
OPNX CEO scolds claimed backers after some deny investing in the firm
OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company.
VC funding into Web3 start-ups down 82% year-over-year: Crunchbase
Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, “venture funding is down in almost every sector.”
3AC founders’ OPNX exchange claims to be funded by AppWorks, SIG, MIAX Group
DeFi firm Nascent was also claimed as a backer, but it has clarified that it only bought FLEX tokens from the company’s previous incarnation.
CoinFund Leads $8M Round for Decentralized Database Firm Tableland
The fundraise comes ahead of the network’s mainnet launch early next year.
Pantera Alum Joey Krug Joins Peter Thiel’s Founders Fund
Krug has moved from co-CIO at a crypto-focused fund to building a crypto strategy at a generalist venture capital giant.
Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means
DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding.
Ethereum’s Shanghai Upgrade Will Permanently Alter ETH Economics
Sei Labs Raises $30M for Trading-Focused Layer 1 Blockchain
Investors in the two strategic rounds included Jump Crypto, Distributed Global and Multicoin Capital.
A16z Sees Web3 Strength in Second ‘State of Crypto’ Report
The venture capital giant sees bear markets as a time for builders, particularly blockchain infrastructure projects.
Venture Capital Bitkraft Raises $220.6M for Second ‘Token Fund’
The firm didn’t comment on whether the fund has a Web3 angle, but did outline their crypto investment strategy.
LayerZero raises $120M to expand cross-chain messaging efforts
The new funds will be used to increase headcount and expand the company’s presence in the Asia-Pacific region.
DeFi Hub Nibiru Chain Valued at $100M After $8.5M Seed Funding Round
The startup will launch its testnet and stablecoin this summer.
Crypto Protocol LayerZero Raises $120M Series B at $3B Valuation
The cross-chain interoperability and messaging protocol last raised funds in March 2022 at a $1 billion valuation.
Crypto Startup Li.Fi Raises $17.5M in Funding Round
CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator.
Crypto Hardware Wallet Maker Ledger Raises Most of $109M Round: Bloomberg
The startup will have a second close in the coming weeks for the round at a $1.4 billion valuation.
Market Maker DWF Labs Emerges as Top Crypto Investor
Managing partner Andrei Grachev discussed the firm’s investment strategy – and continuing risks for the industry.
Dragonfly Leads $6.5M Round for Aptos Protocol Econia Labs
The startup offers an order book protocol for decentralized finance (DeFi) in the Aptos ecosystem.
Staking Protocol EigenLayer Raises $50M Amid Crypto Winter
Blockchain Capital led the round for the solution that allows Ethereum stakers to reuse those tokens.
Paradigm Leads $7M Round for Optimism-Based Startup Conduit
The newly announced startup will help developers launch Optimism-based applications.