BingX Launches Investment Arm to Boost Crypto Startups
BingX launches #BingXLabs to foster high-potential crypto projects, offering incubation, technical support, and strategic consulting. #Web3 #cryptofunding
crypto funding
Avail Raises $43M, Backed by Peter Thiel’s Founders Fund
#Avail the blockchain project secures $43M in Series A funding led by #FoundersFund, #Dragonfly, and #CyberFund.
Animoca’s TinyTap Secures $8.5M Funding Prior to Binance IEO
Animoca’s blockchain education subsidiary, TinyTap, raises $8.5 million in a financing round before its Binance IEO, valuing the company at $100 million.
IoTeX Launches $100M Fund for Web3 Economy
IoTeX has launched its $100 million Sustainable Ecosystem Fund. The said fund will support developers across DeFi, NFTs, DAOs, MachineFi, and more. IoTeX price is currently at $0.093, according to CoinGecko. IoTeX Foundation has announced that it will be allocating $100 million for its Sustainable Ecosystem Fund. According to an announcement, this fund will support developers across various blockchain sub-sectors including DeFi, NFTs, DAOs, and more. Of course, the fund is only available for projects within the IoTeX ecosystem. The blockchain network aims to bolster its Web 3.0 machine economy by supporting promising projects and onboarding billions of smart devices.
Investment Fund Rockaway Capital Invests $5M to 1Inch
Investment fund Rockaway Capital has invested $5 million to 1Inch through its Rockaway Blockchain Fund. Rockaway invests heavily into DeFi projects to make it a $1 trillion market. Other DeFi platforms under Rockaway are Uniswap and SushiSwap. Prague-based investment fund Rockaway Capital has poured 100 million Czech koruna ($5 million) into decentralized exchange (DEX) aggregator 1Inch through its Rockaway Blockchain Fund (RBF). According to the investment fund, this is its largest investment into the DeFi space so far. Viktor Fischer, head of RBF, said: “The reason we have so much faith in 1Inch is simple. It’s a leader in the
