Platform

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

NFT platform development startup Dapper Labs valued at $7.5 billion

Dapper Labs, the NFT development platform behind NBA Top Shot, is raising money at a $7.5 billion valuation in a round led by Coatue Management, according to the tech news publication The Information.  The three-year-old Dapper Labs had just completed a $305 million funding round on March 30, which valued Dapper at $2.6 billion. That …

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AMBCrypto

XELS launches Eco-conscious blockchain platform for Carbon Offset Credits

 XELS, one of the leading startups tackling climate change by increasing participation and transparency in carbon markets, is listing its eponymous XELS token on Bittrex Global on 8 April 2021.  Tokenized Carbon Credits  XELS will provide both businesses and individuals access to a blockchain-based carbon offset platform, initially focused on tokenized voluntary carbon offset credits. …

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

Dapper Labs, startup behind NFT platform NBA Top Shot, nabs $305 million in funding

The maker of the popular NFT platform NBA Top Shot has raised $305 million in a new funding round. Reports emerged Tuesday morning of the round, led by Coatue Management. The Block reported last month that Dapper Labs was raising a significant funding round led by Coatue, a billion-dollar investment firm with stakes in companies …

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Social token platform Roll suffers exploit, token holdings transferred and sold

Social token platform Roll suffers exploit, token holdings transferred and sold

Roll, a platform for issuing social tokens on the Ethereum network, suffered an apparent exploit on Sunday, resulting in the theft and subsequent sale of tokens. Blockchain data shared across social media indicates that holdings of numerous social tokens issued on Roll were transferred and liquidated, with some of those funds subsequently moved to transaction …

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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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Hard-Hit Argentinian Farmers May Get Boost From Trading Platform for Tokenized Produce

Hard-Hit Argentinian Farmers May Get Boost From Trading Platform for Tokenized Produce

Farmers struggling amid Argentina’s hyperinflation and the economic effects of the coronavirus pandemic may soon find relief through the tokenization of agricultural assets using blockchain technology. According to a press release on Thursday, blockchain infrastructure provider CoreLedger and soon-to-launch peer-to-peer marketplace Abakus are aiming to create a digital barter economy within the country. CoreLedger’s technology …

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Vladimir Putin signs order requiring Russian public officials to disclose crypto holdings

Sberbank seeks central bank approval for blockchain platform: report

Major Russian state-owned bank Sberbank has sought approval from the country’s central bank for a blockchain-based financial platform, local Russian news outlet Interfax reported on Thursday.  According to the report, the bank has submitted an application to the Central Bank of the Russian Federation to register a blockchain platform, with plans to launch in the …

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Bitcoin transaction values and fees grew in 2020’s third quarter

Sovryn launches Bitcoin-powered trading and lending platform

Users can now trade bitcoin on the newly-launched decentralized trading and lending platform Sovryn, the platform announced on Tuesday. The team behind Sovryn, which was built on the Bitcoin-powered smart contract platform RSK, says it will soon launch its decentralized governance platform as well.  The launch comes after Sovryn raised $2.1 million in funding. Investors …

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Revolut adds four new cryptos for European users on its digital bank platform

Revolut adds four new cryptos for European users on its digital bank platform

The U.K.-based digital bank startup Revolut announced Friday the addition of  four additional crypto tokens and currencies to its platform for Europe-based users. In the December 10 blog post, Revolut said it was adding support for EOS, OMG, XTZ (Tezos) and ZRX (0x). Revolut first started allowing access to crypto buying and selling in 2017. …

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Singapore’s third-largest bank appears to be building a crypto custody solution

Singapore stock exchange takes 10% stake in DBS’ new crypto trading platform

Singapore’s largest bank DBS has officially announced it will set up a digital asset exchange and the country’s stock exchange will take 10% stake in the new trading platform. In a release on Thursday, DBS confirmed it will set up a digital exchange that opens to only institutional and accredited investors. The platform, called DBS …

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