Celsius files for bankruptcy. Multicoin announces $430M venture fund. Celo network goes down for 24 hrs.
Recap of the Week
Multicoin Capital announces $430M venture fund
Celsius files for Chapter 11 bankruptcy, revealing $1.2B hole in balance sheet
Mastercard partners with crypto gateway provider Fasset to expand services to Indonesia
OpenSea is laying off 20% of the company's employees
Playboy to launch in The Sandbox metaverse
Celo network is back online after almost 24-hour outage
34% of gamers want to use crypto in the Metaverse, despite the backlash
Ethereum's move from PoW to PoS has been postponed to Sept. 19
Banque de France plans the wholesale CBDC rollout for 2023
UK court allows lawsuit to be delivered via NFT
CeFi meets DeFi
Bullish reinvented the digital asset exchange by combining a centralized order book with automated market making from the world of DeFi.
The result? A centralized exchange with a unique source of liquidity, independent price discovery, and the world’s deepest liquidity for BTC/USD—all within a regulated environment.
Contact us to learn more or request a product demo.
Latest Funding Rounds in Crypto
Morpho Labs raises $18M in Seed Round · Founded in 2021 · France
Morpho is an on-chain peer-to-peer layer on top of lending pools. It moves loans from liquidity pools to a peer-to–peer mechanism, offering higher yields for investors.
Morpho-Compound has been live for a few weeks and has accumulated $30M of liquidity. Morpho-Aave will be launched in the coming weeks.
The funds will be used to further develop the “Morpho Protocol.
Round led by Andreessen Horowitz and Variant.
Li.Finance raises $5.5M · Founded in 2021 · Germany
Li.Finance is an infrastructure protocol that aggregates cross-chain bridges and decentralized exchanges.
Li.Finance offers a software development kit that aggregates bridges and decentralized exchanges across 14 different blockchains. It identifies the safest and cheapest routes for transactions and multi-asset swaps.
Funds will be used to pay for marketing and expand to more layer 1 blockchains.
Round led by 1kx.
Quadrata raises $7.5M in Seed Round · Founded in 2020 · US
Quadrata is a passport network that brings the identity and compliance layer to DeFi across existing public blockchains.
The passport product grants users a unique decentralized identity (DID). It can also provide Dapps with infrastructure that’ll aid compliance with regulations, like KYC and AML requirements.
The funds will be used to accelerate product deployment, expand their team and bring identity verification technology on-chain.
Round led by Dragonfly Capital Partners.
Animoca Brands raises $75M at a valuation of $5.9B · Founded in 2014 · Hong Kong
Animoca Brands specializes in blockchain gaming and venture studio. It is the company behind The Sandbox.
The Sandbox has a market cap of $1.4 billion, making it the second-largest metaverse project behind Decentraland.
The firm will fund acquisitions, investments and product development as well as secure licenses for popular intellectual properties and advance the open metaverse.
Round led by Liberty City Ventures, Kingsway Capital, and Alpha Wave Ventures.
Supermojo raises $6M in Seed Round · US
Supermojo is the “buy now pay later” for NFTs.
Supermojo aims to make NFTs more accessible by providing marketplaces with differentiated and flexible payment and liquidity options.
Lead investors were BH Digital, DRW Venture Capital, Intersection Growth Partners, Neuberger Berman & many others.
NFT Tech acquires Run it Wild
Acquired for CA$2M
NFT Tech is based in Canada and is a technology company that bridges the gap between traditional capital markets, NFTs and the metaverse.
Run It Wild is based in Australia and is a blockchain, metaverse, and NFT development studio.
With the acquisition of Run It Wild, NFT Tech is expanding its NFT development and partnerships.
Meme of the Week
Thanks for reading European Blockchain Convention! Subscribe for free to receive new posts and support my work.