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NFT Gaming Platform Fractal Raises $35m, Co-Led by Paradigm Capital

Fractal, a marketplace for gamers to discover, buy and sell digital collectables and gaming Non-Fungible Tokens (NFT), has announced the successful raise of a seed round of $35 million from prominent investors. As announced by the platform through a Blog Post, the seed round was co-led by Paradigm and Multicoin Capital, with the participation of … Continue reading NFT Gaming Platform Fractal Raises $35m, Co-Led by Paradigm Capital

Utopia Labs Raises $23m in Series A Led by Paradigm Capital

Utopia Labs, a Decentralized Autonomous Organization (DAO) management startup, has announced it has raised $23 million in a Series A funding round led by Paradigm Capital. As unveiled by the firm, this funding round also received backing from the startup’s earliest investor, Kindred Ventures, as well as participation from Circle Ventures, Gusto, Coinbase Ventures, and … Continue reading Utopia Labs Raises $23m in Series A Led by Paradigm Capital

Netherlands’ ING Bank Sells Digital Asset Custody Solution Pyctor to GMEX

ING Bank, a Netherlands-based multinational banking and financial services corporation, announced on Monday that it has spun off its institutional-grade digital custody platform Pyctor to GMEX Group. The Dutch bank GMEX has acquired ING’s Pyctor digital asset custody tool in a multi-million-dollar deal. Pyctor provides safekeeping and transactional network services for a wide variety of digital assets … Continue reading Netherlands’ ING Bank Sells Digital Asset Custody Solution Pyctor to GMEX

Paradigm Shift amid Global Crypto Chain Reactions

Crypto industry leaders on Wednesday discussed the landscape change amid the market downturn over the past half year. Chain reactions have been triggered after the crash of LUNA/Terra in May. Amid the so-called crypto winter, the subsequent market meltdown resulted in shutdowns among crypto institutions, such as the declaration of insolvency by crypto lenders Three Arrows … Continue reading Paradigm Shift amid Global Crypto Chain Reactions

FTX Partners with Paradigm for 'One-Click' Futures Spread Trading

Crypto assets trading platform FTX has partnered with Paradigm, one of the largest institutional liquidity networks in launching a “one-click” future spread trading that integrates eight (8) different cryptocurrencies. According to the announcement, the partnership will enable users to trade for half the fees of trading usually, as against “trading two individual contracts outright”. The … Continue reading FTX Partners with Paradigm for 'One-Click' Futures Spread Trading

Fractional Rebrands to Tessera after Raising $20m from Paradigm

Fractional, a Non-Fungible Token (NFT) based platform, has rebranded its name to Tessera and raised $20 million as it is pursuing avenues to re-affirm its foothold in the digital collectable world. Tessera, as the startup is now renamed, said the funding round was led by Paradigm, with participation from Focus Labs, Uniswap Labs Ventures, E … Continue reading Fractional Rebrands to Tessera after Raising $20m from Paradigm

Daphne Kwon to Serve as GM for Flipside Crypto's DAO Initiatives

Blockchain analytics startup Flipside Crypto has tapped Harvard Business School alum, Daphne Kwon as its new general manager to handle its decentralized autonomous organization (DAO) initiatives. Riding on the early successes of Flipside Crypto in summoning MetricsDAO, Daphne will help draw up the strategies that can help the startup expand its reach in the growing … Continue reading Daphne Kwon to Serve as GM for Flipside Crypto's DAO Initiatives

Two Sigma Ventures Pulls $400m in Two Funding Rounds

Multi-dimensional venture capital firm, Two Sigma Ventures (TSV) has raised two funds worth as much as $400 million to invest in early-stage startups. The fundings named Two Sigma Ventures IV (TSV IV) will invest in early-stage startups, and Two Sigma Ventures Opportunity Fund II (TSV Opps II) will invest in growth-stage companies. Bogus as it … Continue reading Two Sigma Ventures Pulls $400m in Two Funding Rounds

Avalanche Foundation Announces $4m Incentive Program for Trading Platform GMX

Avalanche Foundation has announced it will grant a $4 million incentive in AVAX tokens for the growth of the decentralized trading platform GMX. The million-dollar incentive is deducted from the Avalanche Rush, a liquidity mining incentive program by Avalanche Foundation aimed to boost the Avalanche DeFi ecosystem. According to Avalanche, the $4 million incentive will … Continue reading Avalanche Foundation Announces $4m Incentive Program for Trading Platform GMX

Missing lawsuit response date, Ooki DAO faces default judgment.

El Salvador has recently passed historic legislation that will provide the legal basis for a Bitcoin-backed bond to be issued in the country. This bond, also known as the “Volcano Bond,” will be put toward the reduction of the country’s overall debt as well as the funding of the construction of the “Bitcoin City” that … Continue reading Missing lawsuit response date, Ooki DAO faces default judgment.