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Nillion raises over $20 million to build new web3 infrastructure

TechCrunch

Nillion, a web3 startup aiming to build a non-blockchain decentralized network, closed an oversubscribed round of more than $20 million, the company exclusively told TechCrunch. Nillion is a deep technology infrastructure project,” Andrew Yeoh, the company’s founding chief marketing officer, told TechCrunch.

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NFT market OpenSea hits $1.5 billion valuation

TechCrunch

It’s been a wild 2021 for NFT auction marketplace OpenSea. Despite a fall from stratospheric heights in the early summer, the broader NFT market has still been chugging along, and OpenSea is continuing to see plenty of action. The NFT market is just getting started, but where is it headed? billion valuation.

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Spatial Labs, a web3 infrastructure and hardware company, closes $10M seed round

TechCrunch

Spatial Labs , a web3 infrastructure and hardware company, announced today the closing of a $10 million seed round led by Blockchain Capital with participation from Marcy Venture Partners, the firm co-founded by Jay-Z. The metaverse to us is not a virtual space that people go to spend time in. .”

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Announcing the Startup Battlefield companies pitching at TechCrunch Disrupt 2021

TechCrunch

Selected from the most competitive batch in TC history, selected founders from across the globe will pitch on the virtual stage at TechCrunch Disrupt 2021. To watch the pitches, join us at TechCrunch Disrupt 2021 here. With just over a 1.5% acceptance rate, the startups in this year’s cohort are phenomenal. Session 1: 10:45 a.m.

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M&A is coming for DeFi protocols as market conditions change

TechCrunch

At the Permissionless conference in sunny West Palm Beach, conversations around mergers and acquisitions in crypto were heating up as market players were starting to discuss this trend growing at the protocol level for decentralized finance (DeFi). DeFi protocols consolidating as market conditions worsen. million to $179.7 ”

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Avalanche raises $230 million from private sale of AVAX tokens

TechCrunch

Avalanche , a relatively new blockchain with a focus on speed and low transactions costs, has completed a $230 million private sale of AVAX tokens to some well-known crypto funds. The Avalanche Foundation completed the private sale back in June 2021 and is disclosing it today. Everyone wants to fund the next Coinbase.

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Meet the newest crypto builders from web3 accelerator Alliance DAO’s demo day

TechCrunch

About three-fourths of the teams are focusing on NFTs, infrastructure or decentralized finance (DeFi), while the majority of the teams are building on layer-1 blockchains Ethereum, Polygon and Solana. The pitch: The NFT market has exploded and the communities surrounding them have flourished, co-founder Chris Tam said.