Composable Finance raises $32M. Trisolaris raises $4.5M. Wert raises $5M. Curate raises an undisclosed amount.
Recap of the Week
Meta plans metaverse payment tokens without blockchain
Three new jurisdictions will propose Bitcoin as a legal tender, including Caribbean island Roatán; Madeira, Portugal; and Mexico.
Elon Musk acquires a 9.2% stake in Twitter, making him its largest shareholder
Sweden’s CBDC pilot identifies fixable DLT performance issues
Starbucks to enter the NFT business
Europe’s first Bitcoin-only hostel is coming to Portugal’s shores
Republican Senator Toomey drafts a regulatory framework for stablecoins in the US
Female investors led crypto market growth in 2021
Ice Cube’s basketball league plans $66m NFT ownership sale
HSBC bank launches Metaverse fund in Asia
Will Smith's slap became a memecoin dubbed the Will Smith Inu
Latest Funding Rounds in Crypto
Composable Finance raises $32M in Series A · Founded in 2020 · Germany
Composable Finance is creating infrastructure to unlock the multi-layer, and multi-chain future of Ethereum, and other layer 1 blockchains.
Composable’s goal is to build and launch what it believes to be the final missing “LEGO” building block in the Web3 and DeFi technical stack: cross-chain composability.
Round led by Blockchain Capital, Jump Capital & many notable investors.
Trisolaris raises $4.5M in Seed round · Founded in 2021 · Portugal
Trisolaris is a community-owned decentralized exchange (DEX) with a fast settlement, low fees, and a democratic governance process.
Funds will be used to expand its team to continue investing in key product areas. The near-term roadmap includes improving the trading experience & infrastructure, launching DeFi primitives & cross-chain swaps between Near and Aurora.
Round led by Electric Capital.
Wert raises $5M in Seed Round · Founded in 2020 · Estonia
Wert offers a top-up module, that can be integrated to any website or mobile app and enables seamless purchasing of crypto.
The funds will be used to help the company explore new lands and come up with new financial infrastructure solutions for Web3 startups.
Round led by Tagus Capital.
Curate raises an undisclosed amount · Founded in 2020 · UK
Curate is a marketplace for NFT & physical goods.
The platform accepts payments through credit/debit cards, as well as cryptocurrencies, while providing a reward to creators and buyers in the form of Curate’s native token, $XCUR.
The funds will be used to help accelerate the growth and adoption globally in making crypto accessible
Round led by CoinSmart.
Acquisitions
Wellfield Technologies acquires Coinmama
Acquisition of $3M
Canadian financial services Wellfield Technologies builds advanced technology that uses blockchain to create the next generation of financial solutions.
Israeli cryptocurrency exchange Coinmama makes it fast, safe and fun to buy digital currency, anywhere in the world.
The acquisition will give Coinmama the technology they need to make DeFi adoption possible for both individuals and institutions.
FTX Exchange acquires Storybook Brawl
Terms were undisclosed
FTX Exchange is a cryptocurrency exchange company that develops a mobile trading platform. FTX supports quarterly and perpetual futures for all major cryptocurrencies, leveraged tokens, and OTC.
Storybook Brawl is a lighthearted card-based auto battler game featuring characters from beloved fairy tales and myths.
The acquisition will transform Storybook Brawl into a Web3 game, and it’s possible FTX Gaming is looking to adapt each card in the game into an NFT.