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Crypto Custodian Hex Trust Gets $10M in Latest Investment Round Led by Animoca Brands

Crypto Custodian Hex Trust Gets $10M in Latest Investment Round Led by Animoca Brands

Crypto custodian Hex Trust has secured $10 million in fresh funding to further the market infrastructure and security of its licensed custody platform, Hex Safe. Animoca Brands, a gaming and non-fungible token unicorn, led the round. Participation in the investment round also came via Ripple Labs, Algorand Foundation, BCW Group, Tessera Capital Partners, Mind Fund, …

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Creator of hit NFT project NBA Top Shot poised to net $250 million in round led by $25 billion firm

Creator of hit NFT project NBA Top Shot poised to net $250 million in round led by $25 billion firm

Quick Take NFT-focused startup Dapper Labs is raising $250 million in a new funding round led by Coatue Management. The round comes amid a period of rapid growth for its NBA Top Shot NFT product. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The …

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DeFi options platform Opyn raises $6.7 million Series A led by Paradigm

DeFi options platform Opyn raises $6.7 million Series A led by Paradigm

Opyn, a decentralized finance platform for options, has raised $6.7 million in a new Series A funding round. Industry venture capital firm Paradigm led the round, according to Opyn, with participation from existing investor Dragonfly as well as Synthetix co-founder Kain Warwick and Stani Kulechov, who founded Aave.  “The funds will be used to further …

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Industry Group Led by Polychain, Coinbase Seeks to Get Ahead on Staking Regulations

Industry Group Led by Polychain, Coinbase Seeks to Get Ahead on Staking Regulations

The Proof of Stake Alliance (POSA), an industry advocacy group, is publishing a series of recommended standards for companies participating in a proof-of-stake consensus protocol in an effort to reduce regulatory clampdowns on different networks. The group met with members of the U.S. Securities and Exchange Commission (SEC) earlier this year to discuss their proposals …

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