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Cryptocurrency Development Service September 14, 2022

Zonda recently expanded into Italy and secured a regulatory nod to operate in …

UK venture firm Northzone launches a €1 billion web3 fund Northzone has become the latest venture capital firm to enter the web3 ecosystem, setting up a fund to finance projects in the space.  London-based venture capital firm Northzone announced on Tuesday, September 13th, that it has launched a €1 billion fund. The fund will focus on investing in cryptocurrency and fintech startups.  Northzone has been around since 1996 and is a generalist investor. The VC firm has invested in numerous tech projects over the years, including fintech firms like open banking specialist TrueLayer,  buy now pay later giant Klarna, and music streaming platform Spotify.  The firm has already invested in some crypto companies like Magic Labs, web3 privacy firm Sunscreen, and DeFi protocol Gro. Northzone is now looking to enter deeper into the crypto ecosystem with the launch of its new fund.  Wendy Xiao Schadeck, a partner at Northzone, described web3 as a critical sector for the firm. She said Northzone began its crypto investment journey in July 2018, during the crypto winter. She added that; “Web3 and web2 two will likely start to converge in this fund cycle’s lifetime. For instance, some of the web2 fintech companies in our last fund have launched tokens, and some of our gaming companies have decided to base their follow-on rounds from web3 VCs — so it’s really hard to say exactly where the delineation will be.” The VC firm said it has the necessary infrastructure to support via both equity investments and token sales. Northzone added that it has participated in staking tokens previously. Xiao further suggested that the VC firm would be open to investing in a decentralised autonomous organisation (DAO) under the right circumstances. The VC firm is yet to invest in nonfungible tokens (NFTs), but the firm said this latest fund could change all that. Xiao said; “We consider new modes of investing that are aligned to what we do. But it’s not at a point where we say we’ll dedicate a portion of the funding to buy NFTs or anything like that. So far, we haven’t found that specifically, NFTs themselves are an investment case that fits our venture criteria.”  Xiao added that the challenges within the DeFi ecosystem wouldn’t deter Northzone from further investing in the space. She concluded that; “We would discuss and evaluate with our LPs to see if the time is right for that. I think what’s most likely to happen is that we’ll continue to invest into web3 companies out of our core funds and if they decide to launch tokens, we’ll hold them — we’re not at all limited in that way.” The post UK venture firm Northzone launches a €1 billion web3 fund appeared first on CoinJournal. Northzone has become the latest venture capital firm to enter the web3 ecosystem, setting up a fund to finance projects in the space.  London-based venture capital firm Northzone announced on Tuesday, September 13th, that it has launched a €1 billion fund. The fund will focus on investing in cryptocurrency and fintech startups.  Northzone has been around since 1996 and is a generalist investor. The VC firm has invested in numerous tech projects over the years, including fintech firms like open banking specialist TrueLayer,  buy now pay later giant Klarna, and music streaming platform Spotify.  The firm has already invested in some crypto companies like Magic Labs, web3 privacy firm Sunscreen, and DeFi protocol Gro. Northzone is now looking to enter deeper into the crypto ecosystem with the launch of its new fund.  Wendy Xiao Schadeck, a partner at Northzone, described web3 as a critical sector for the firm. She said Northzone began its crypto investment journey in July 2018, during the crypto winter. She added that; “Web3 and web2 two will likely start to converge in this fund cycle’s lifetime. For instance, some of the web2 fintech companies in our last fund have launched tokens, and some of our gaming companies have decided to base their follow-on rounds from web3 VCs — so it’s really hard to say exactly where the delineation will be.” The VC firm said it has the necessary infrastructure to support via both equity investments and token sales. Northzone added that it has participated in staking tokens previously. Xiao further suggested that the VC firm would be open to investing in a decentralised autonomous organisation (DAO) under the right circumstances. The VC firm is yet to invest in nonfungible tokens (NFTs), but the firm said this latest fund could change all that. Xiao said; “We consider new modes of investing that are aligned to what we do. But it’s not at a point where we say we’ll dedicate a portion of the funding to buy NFTs or anything like that. So far, we haven’t found that specifically, NFTs themselves are an investment case that fits our venture criteria.”  Xiao added that the challenges within the DeFi ecosystem wouldn’t deter Northzone from further investing in the space. She concluded that; “We would discuss and evaluate with our LPs to see if the time is right for that. I think what’s most likely to happen is that we’ll continue to invest into web3 companies out of our core funds and if they decide to launch tokens, we’ll hold them — we’re not at all limited in that way.” The post UK venture firm Northzone launches a €1 billion web3 fund appeared first on CoinJournal. https://ift.tt/SqdkORa CoinJournal: Latest Bitcoin, Ethereum & Crypto News
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UK venture firm Northzone launches a €1 billion web3 fund Northzone has become the latest venture capital firm to enter the web3 ecosystem, setting up a fund to finance projects in the space.  London-based venture capital firm Northzone announced on Tuesday, September 13th, that it has launched a €1 billion fund. The fund will focus on investing in cryptocurrency and fintech startups.  Northzone has been around since 1996 and is a generalist investor. The VC firm has invested in numerous tech projects over the years, including fintech firms like open banking specialist TrueLayer,  buy now pay later giant Klarna, and music streaming platform Spotify.  The firm has already invested in some crypto companies like Magic Labs, web3 privacy firm Sunscreen, and DeFi protocol Gro. Northzone is now looking to enter deeper into the crypto ecosystem with the launch of its new fund.  Wendy Xiao Schadeck, a partner at Northzone, described web3 as a critical sector for the firm. She said Northzone began its crypto investment journey in July 2018, during the crypto winter. She added that; “Web3 and web2 two will likely start to converge in this fund cycle’s lifetime. For instance, some of the web2 fintech companies in our last fund have launched tokens, and some of our gaming companies have decided to base their follow-on rounds from web3 VCs — so it’s really hard to say exactly where the delineation will be.” The VC firm said it has the necessary infrastructure to support via both equity investments and token sales. Northzone added that it has participated in staking tokens previously. Xiao further suggested that the VC firm would be open to investing in a decentralised autonomous organisation (DAO) under the right circumstances. The VC firm is yet to invest in nonfungible tokens (NFTs), but the firm said this latest fund could change all that. Xiao said; “We consider new modes of investing that are aligned to what we do. But it’s not at a point where we say we’ll dedicate a portion of the funding to buy NFTs or anything like that. So far, we haven’t found that specifically, NFTs themselves are an investment case that fits our venture criteria.”  Xiao added that the challenges within the DeFi ecosystem wouldn’t deter Northzone from further investing in the space. She concluded that; “We would discuss and evaluate with our LPs to see if the time is right for that. I think what’s most likely to happen is that we’ll continue to invest into web3 companies out of our core funds and if they decide to launch tokens, we’ll hold them — we’re not at all limited in that way.” The post UK venture firm Northzone launches a €1 billion web3 fund appeared first on CoinJournal. Northzone has become the latest venture capital firm to enter the web3 ecosystem, setting up a fund to finance projects in the space.  London-based venture capital firm Northzone announced on Tuesday, September 13th, that it has launched a €1 billion fund. The fund will focus on investing in cryptocurrency and fintech startups.  Northzone has been around since 1996 and is a generalist investor. The VC firm has invested in numerous tech projects over the years, including fintech firms like open banking specialist TrueLayer,  buy now pay later giant Klarna, and music streaming platform Spotify.  The firm has already invested in some crypto companies like Magic Labs, web3 privacy firm Sunscreen, and DeFi protocol Gro. Northzone is now looking to enter deeper into the crypto ecosystem with the launch of its new fund.  Wendy Xiao Schadeck, a partner at Northzone, described web3 as a critical sector for the firm. She said Northzone began its crypto investment journey in July 2018, during the crypto winter. She added that; “Web3 and web2 two will likely start to converge in this fund cycle’s lifetime. For instance, some of the web2 fintech companies in our last fund have launched tokens, and some of our gaming companies have decided to base their follow-on rounds from web3 VCs — so it’s really hard to say exactly where the delineation will be.” The VC firm said it has the necessary infrastructure to support via both equity investments and token sales. Northzone added that it has participated in staking tokens previously. Xiao further suggested that the VC firm would be open to investing in a decentralised autonomous organisation (DAO) under the right circumstances. The VC firm is yet to invest in nonfungible tokens (NFTs), but the firm said this latest fund could change all that. Xiao said; “We consider new modes of investing that are aligned to what we do. But it’s not at a point where we say we’ll dedicate a portion of the funding to buy NFTs or anything like that. So far, we haven’t found that specifically, NFTs themselves are an investment case that fits our venture criteria.”  Xiao added that the challenges within the DeFi ecosystem wouldn’t deter Northzone from further investing in the space. She concluded that; “We would discuss and evaluate with our LPs to see if the time is right for that. I think what’s most likely to happen is that we’ll continue to invest into web3 companies out of our core funds and if they decide to launch tokens, we’ll hold them — we’re not at all limited in that way.” The post UK venture firm Northzone launches a €1 billion web3 fund appeared first on CoinJournal. https://ift.tt/SqdkORa CoinJournal: Latest Bitcoin, Ethereum & Crypto News

Cryptocurrency Development Service September 13, 2022

Northzone has become the latest venture capital firm to enter the web3 ecosyst…

Thailand’s top 2 banks invest in DeFi startup Forward Venture Capital arms of Kasikornbank PCL and Bank of Ayudhya PCL participated in Forward’s funding round. Forward is a digital assets platform focused on supporting innovation in the decentralised finance (DeFi) ecosystem. Thai-based digital asset platform Forward has announced it successfully closed a $5 million seed round as it looks to promote innovation of the decentralised finance (DeFi) sector. The startup, which also seeks to develop a decentralised derivatives exchange (DDEX), said on Monday that the financing round had only taken six months despite the economic uncertainty and crypto bear market.   Thai banks back DeFi platform According to the Forward team, Global venture capital fund RPVAF-1, under Primestreet Capital, led the round – with participation from two of Thailand’s leading banks: Bank of Ayudhya PCL and Kasikornbank PCL. The two lenders backed the crypto startup via their respective venture capital arms namely Krungsri Finnovate and Beacon Venture Capital. Meanwhile, GBV Capital, Ratanakorn Technology Group and Varys Capital also joined the investment, Forward noted in the press release. The involvement of the banks makes Forward the first DeFi project in the world to secure funding from two leading Thai banking institutions and major global funds, Chanon Charatsuttikul, co-founder and CEO of Forward observed in a statement. He believes the capital injection is down to the confidence of investors in Thailand as a potential centre of innovation.  “The closing of this seed round, for me, is the beginning of a big challenge for the team to maximise our potential and grow the organisation, and help make Thailand stand out as a country of innovation, just like western countries,” he noted. As part of the innovation, Forward is working on a new protocol design for DDEX trading, which will use advanced technology dubbed Automated Position Hedge (APH) to match short and long positions. The matching of perpetual futures orders will be instant, with the DDEX acting as the counterparty, removing the need for limit order books and market makers. Lending and borrowing pool tokens will allow for complete hedging of risk in view of the DDEX acting as a counterparty. The post Thailand’s top 2 banks invest in DeFi startup Forward appeared first on CoinJournal. Venture Capital arms of Kasikornbank PCL and Bank of Ayudhya PCL participated in Forward’s funding round. Forward is a digital assets platform focused on supporting innovation in the decentralised finance (DeFi) ecosystem. Thai-based digital asset platform Forward has announced it successfully closed a $5 million seed round as it looks to promote innovation of the decentralised finance (DeFi) sector. The startup, which also seeks to develop a decentralised derivatives exchange (DDEX), said on Monday that the financing round had only taken six months despite the economic uncertainty and crypto bear market.   Thai banks back DeFi platform According to the Forward team, Global venture capital fund RPVAF-1, under Primestreet Capital, led the round – with participation from two of Thailand’s leading banks: Bank of Ayudhya PCL and Kasikornbank PCL. The two lenders backed the crypto startup via their respective venture capital arms namely Krungsri Finnovate and Beacon Venture Capital. Meanwhile, GBV Capital, Ratanakorn Technology Group and Varys Capital also joined the investment, Forward noted in the press release. The involvement of the banks makes Forward the first DeFi project in the world to secure funding from two leading Thai banking institutions and major global funds, Chanon Charatsuttikul, co-founder and CEO of Forward observed in a statement. He believes the capital injection is down to the confidence of investors in Thailand as a potential centre of innovation.  “The closing of this seed round, for me, is the beginning of a big challenge for the team to maximise our potential and grow the organisation, and help make Thailand stand out as a country of innovation, just like western countries,” he noted. As part of the innovation, Forward is working on a new protocol design for DDEX trading, which will use advanced technology dubbed Automated Position Hedge (APH) to match short and long positions. The matching of perpetual futures orders will be instant, with the DDEX acting as the counterparty, removing the need for limit order books and market makers. Lending and borrowing pool tokens will allow for complete hedging of risk in view of the DDEX acting as a counterparty. The post Thailand’s top 2 banks invest in DeFi startup Forward appeared first on CoinJournal. https://ift.tt/AgtU49N CoinJournal: Latest Bitcoin, Ethereum & Crypto News
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Thailand’s top 2 banks invest in DeFi startup Forward Venture Capital arms of Kasikornbank PCL and Bank of Ayudhya PCL participated in Forward’s funding round. Forward is a digital assets platform focused on supporting innovation in the decentralised finance (DeFi) ecosystem. Thai-based digital asset platform Forward has announced it successfully closed a $5 million seed round as it looks to promote innovation of the decentralised finance (DeFi) sector. The startup, which also seeks to develop a decentralised derivatives exchange (DDEX), said on Monday that the financing round had only taken six months despite the economic uncertainty and crypto bear market.   Thai banks back DeFi platform According to the Forward team, Global venture capital fund RPVAF-1, under Primestreet Capital, led the round – with participation from two of Thailand’s leading banks: Bank of Ayudhya PCL and Kasikornbank PCL. The two lenders backed the crypto startup via their respective venture capital arms namely Krungsri Finnovate and Beacon Venture Capital. Meanwhile, GBV Capital, Ratanakorn Technology Group and Varys Capital also joined the investment, Forward noted in the press release. The involvement of the banks makes Forward the first DeFi project in the world to secure funding from two leading Thai banking institutions and major global funds, Chanon Charatsuttikul, co-founder and CEO of Forward observed in a statement. He believes the capital injection is down to the confidence of investors in Thailand as a potential centre of innovation.  “The closing of this seed round, for me, is the beginning of a big challenge for the team to maximise our potential and grow the organisation, and help make Thailand stand out as a country of innovation, just like western countries,” he noted. As part of the innovation, Forward is working on a new protocol design for DDEX trading, which will use advanced technology dubbed Automated Position Hedge (APH) to match short and long positions. The matching of perpetual futures orders will be instant, with the DDEX acting as the counterparty, removing the need for limit order books and market makers. Lending and borrowing pool tokens will allow for complete hedging of risk in view of the DDEX acting as a counterparty. The post Thailand’s top 2 banks invest in DeFi startup Forward appeared first on CoinJournal. Venture Capital arms of Kasikornbank PCL and Bank of Ayudhya PCL participated in Forward’s funding round. Forward is a digital assets platform focused on supporting innovation in the decentralised finance (DeFi) ecosystem. Thai-based digital asset platform Forward has announced it successfully closed a $5 million seed round as it looks to promote innovation of the decentralised finance (DeFi) sector. The startup, which also seeks to develop a decentralised derivatives exchange (DDEX), said on Monday that the financing round had only taken six months despite the economic uncertainty and crypto bear market.   Thai banks back DeFi platform According to the Forward team, Global venture capital fund RPVAF-1, under Primestreet Capital, led the round – with participation from two of Thailand’s leading banks: Bank of Ayudhya PCL and Kasikornbank PCL. The two lenders backed the crypto startup via their respective venture capital arms namely Krungsri Finnovate and Beacon Venture Capital. Meanwhile, GBV Capital, Ratanakorn Technology Group and Varys Capital also joined the investment, Forward noted in the press release. The involvement of the banks makes Forward the first DeFi project in the world to secure funding from two leading Thai banking institutions and major global funds, Chanon Charatsuttikul, co-founder and CEO of Forward observed in a statement. He believes the capital injection is down to the confidence of investors in Thailand as a potential centre of innovation.  “The closing of this seed round, for me, is the beginning of a big challenge for the team to maximise our potential and grow the organisation, and help make Thailand stand out as a country of innovation, just like western countries,” he noted. As part of the innovation, Forward is working on a new protocol design for DDEX trading, which will use advanced technology dubbed Automated Position Hedge (APH) to match short and long positions. The matching of perpetual futures orders will be instant, with the DDEX acting as the counterparty, removing the need for limit order books and market makers. Lending and borrowing pool tokens will allow for complete hedging of risk in view of the DDEX acting as a counterparty. The post Thailand’s top 2 banks invest in DeFi startup Forward appeared first on CoinJournal. https://ift.tt/AgtU49N CoinJournal: Latest Bitcoin, Ethereum & Crypto News

Cryptocurrency Development Service September 12, 2022

Venture Capital arms of Kasikornbank PCL and Bank of Ayudhya PCL participated…

MicroStratergy will buy more Bitcoin from stock sales proceeds: SEC Filing In its most recent SEC filing, business intelligence software company MicroStrategy has revealed its intention to buy more Bitcoin, Bloomberg reported yesterday. With over 129,000 BTC in its possession, MicroStrategy is already the largest corporate shareholder of Bitcoin. The prospectus, filed on Friday, stated that MicroStrategy has entered into an agreement to sell $500 million in shares of Class A common stock to investment bank Cowen & Co. Despite the uncertainties and fluctuations in the Bitcoin market, the firm intends to continue to pursue its goal of acquiring more BTC: “We intend to use the net proceeds from the sale of any class A common stock offered under this prospectus for general corporate purposes, including the acquisition of bitcoin, unless otherwise indicated in the applicable prospectus supplement.” While no specific date was provided for the sale, the firm also added that it aims to retain future earnings for either the purchase of additional Bitcoin or the development of the software business. As recently shown by Bitcoin Treasuries data, MicroStrategy’s BTC reserve has dipped to nearly $2.8 billion. This could be a motivator for the firm’s intentions to buy the dip. Bitcoin traded below $20,000 last week, a steep decrease from its all-time high of $68,789 in November 2021. Further wild fluctuations in the price of Bitcoin could impact its decision on future holdings, the firm explained: “Future fluctuations in Bitcoin trading prices may result in our converting Bitcoin purchased with the net proceeds from this offering into cash with a value substantially below the net proceeds from this offering” The company further stated that it may sell Bitcoin to generate cash for “treasury management and other general corporate purposes.” However, it has no plans to trade derivative contracts with its holding. The firm will continue to monitor market conditions to determine its further steps. In August, MicroStrategy co-founder Michael Saylor stepped down from his position as CEO to focus on his advocacy efforts on Bitcoin holding.   The post MicroStratergy will buy more Bitcoin from stock sales proceeds: SEC Filing appeared first on CoinJournal. In its most recent SEC filing, business intelligence software company MicroStrategy has revealed its intention to buy more Bitcoin, Bloomberg reported yesterday. With over 129,000 BTC in its possession, MicroStrategy is already the largest corporate shareholder of Bitcoin. The prospectus, filed on Friday, stated that MicroStrategy has entered into an agreement to sell $500 million in shares of Class A common stock to investment bank Cowen & Co. Despite the uncertainties and fluctuations in the Bitcoin market, the firm intends to continue to pursue its goal of acquiring more BTC: “We intend to use the net proceeds from the sale of any class A common stock offered under this prospectus for general corporate purposes, including the acquisition of bitcoin, unless otherwise indicated in the applicable prospectus supplement.” While no specific date was provided for the sale, the firm also added that it aims to retain future earnings for either the purchase of additional Bitcoin or the development of the software business. As recently shown by Bitcoin Treasuries data, MicroStrategy’s BTC reserve has dipped to nearly $2.8 billion. This could be a motivator for the firm’s intentions to buy the dip. Bitcoin traded below $20,000 last week, a steep decrease from its all-time high of $68,789 in November 2021. Further wild fluctuations in the price of Bitcoin could impact its decision on future holdings, the firm explained: “Future fluctuations in Bitcoin trading prices may result in our converting Bitcoin purchased with the net proceeds from this offering into cash with a value substantially below the net proceeds from this offering” The company further stated that it may sell Bitcoin to generate cash for “treasury management and other general corporate purposes.” However, it has no plans to trade derivative contracts with its holding. The firm will continue to monitor market conditions to determine its further steps. In August, MicroStrategy co-founder Michael Saylor stepped down from his position as CEO to focus on his advocacy efforts on Bitcoin holding.   The post MicroStratergy will buy more Bitcoin from stock sales proceeds: SEC Filing appeared first on CoinJournal. https://ift.tt/ZI1dHyu CoinJournal: Latest Bitcoin, Ethereum & Crypto News
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MicroStratergy will buy more Bitcoin from stock sales proceeds: SEC Filing In its most recent SEC filing, business intelligence software company MicroStrategy has revealed its intention to buy more Bitcoin, Bloomberg reported yesterday. With over 129,000 BTC in its possession, MicroStrategy is already the largest corporate shareholder of Bitcoin. The prospectus, filed on Friday, stated that MicroStrategy has entered into an agreement to sell $500 million in shares of Class A common stock to investment bank Cowen & Co. Despite the uncertainties and fluctuations in the Bitcoin market, the firm intends to continue to pursue its goal of acquiring more BTC: “We intend to use the net proceeds from the sale of any class A common stock offered under this prospectus for general corporate purposes, including the acquisition of bitcoin, unless otherwise indicated in the applicable prospectus supplement.” While no specific date was provided for the sale, the firm also added that it aims to retain future earnings for either the purchase of additional Bitcoin or the development of the software business. As recently shown by Bitcoin Treasuries data, MicroStrategy’s BTC reserve has dipped to nearly $2.8 billion. This could be a motivator for the firm’s intentions to buy the dip. Bitcoin traded below $20,000 last week, a steep decrease from its all-time high of $68,789 in November 2021. Further wild fluctuations in the price of Bitcoin could impact its decision on future holdings, the firm explained: “Future fluctuations in Bitcoin trading prices may result in our converting Bitcoin purchased with the net proceeds from this offering into cash with a value substantially below the net proceeds from this offering” The company further stated that it may sell Bitcoin to generate cash for “treasury management and other general corporate purposes.” However, it has no plans to trade derivative contracts with its holding. The firm will continue to monitor market conditions to determine its further steps. In August, MicroStrategy co-founder Michael Saylor stepped down from his position as CEO to focus on his advocacy efforts on Bitcoin holding.   The post MicroStratergy will buy more Bitcoin from stock sales proceeds: SEC Filing appeared first on CoinJournal. In its most recent SEC filing, business intelligence software company MicroStrategy has revealed its intention to buy more Bitcoin, Bloomberg reported yesterday. With over 129,000 BTC in its possession, MicroStrategy is already the largest corporate shareholder of Bitcoin. The prospectus, filed on Friday, stated that MicroStrategy has entered into an agreement to sell $500 million in shares of Class A common stock to investment bank Cowen & Co. Despite the uncertainties and fluctuations in the Bitcoin market, the firm intends to continue to pursue its goal of acquiring more BTC: “We intend to use the net proceeds from the sale of any class A common stock offered under this prospectus for general corporate purposes, including the acquisition of bitcoin, unless otherwise indicated in the applicable prospectus supplement.” While no specific date was provided for the sale, the firm also added that it aims to retain future earnings for either the purchase of additional Bitcoin or the development of the software business. As recently shown by Bitcoin Treasuries data, MicroStrategy’s BTC reserve has dipped to nearly $2.8 billion. This could be a motivator for the firm’s intentions to buy the dip. Bitcoin traded below $20,000 last week, a steep decrease from its all-time high of $68,789 in November 2021. Further wild fluctuations in the price of Bitcoin could impact its decision on future holdings, the firm explained: “Future fluctuations in Bitcoin trading prices may result in our converting Bitcoin purchased with the net proceeds from this offering into cash with a value substantially below the net proceeds from this offering” The company further stated that it may sell Bitcoin to generate cash for “treasury management and other general corporate purposes.” However, it has no plans to trade derivative contracts with its holding. The firm will continue to monitor market conditions to determine its further steps. In August, MicroStrategy co-founder Michael Saylor stepped down from his position as CEO to focus on his advocacy efforts on Bitcoin holding.   The post MicroStratergy will buy more Bitcoin from stock sales proceeds: SEC Filing appeared first on CoinJournal. https://ift.tt/ZI1dHyu CoinJournal: Latest Bitcoin, Ethereum & Crypto News

Cryptocurrency Development Service September 11, 2022

In its most recent SEC filing, business intelligence software company MicroStr…

Web3 game studio Revolving Games closes $25M funding round Revolving Games raised $12 million in pre-seed financing and another $13.2 million in seed funding from investors led by Animoca Brands and Pantera Capital. The company will use the capital to develop its blockchain-based games. Its ‘Skyborne Legacy’ title on Polygon is expected in early October. Gaming studio Revolving Games has closed a $25 million funding round as it looks to advance development of blockchain-based games, according to details shared on Friday. The funding includes a pre-seed financing round that netted the Web3 game developer $12 million from investors and a further $13.2 million in new capital raised in a seed round. Revolving Games to release game on Polygon The company, founded in 2020 as a mobile game studio and before the Web2 era began to pave way for Web3, raised the funds over the past two and half years. Top venture firms Pantera Capital and Animoca Brands are among prominent investors to back the investment. “Web3 gaming is one of the most innovative and rapidly developing sectors within the crypto industry, and we’re proud to be in the vanguard of this digital revolution,” Pantera Capital general partner Paul Veradittakit commented. Other investors backing the blockchain-focused game developer are Polygon, Kenetic, Dapper Labs and Permanens Capital Partners. Rockstar Games co-founder Dan Houser, who is an adviser at the company, also participated in the latest round. Revolving Games plans to use the funds to build AAA blockchain games, including a second title to add to its Battlestar Galactica. As noted in the press release, the second title will be a blockchain-based MMO game dubbed ‘Skyborne Legacy’. The game will be anchored on the Polygon blockchain. Skyborne Legacy is set for release in early October. “With 2 studios and a team of 100+, we’re committed to building high-quality AAA titles that are fun and lasting. We understand that any successful game starts first with constructing vast online worlds, and we’ve brought in key hires and strategic investors to help us do that,” the team tweeted. The post Web3 game studio Revolving Games closes $25M funding round appeared first on CoinJournal. Revolving Games raised $12 million in pre-seed financing and another $13.2 million in seed funding from investors led by Animoca Brands and Pantera Capital. The company will use the capital to develop its blockchain-based games. Its ‘Skyborne Legacy’ title on Polygon is expected in early October. Gaming studio Revolving Games has closed a $25 million funding round as it looks to advance development of blockchain-based games, according to details shared on Friday. The funding includes a pre-seed financing round that netted the Web3 game developer $12 million from investors and a further $13.2 million in new capital raised in a seed round. Revolving Games to release game on Polygon The company, founded in 2020 as a mobile game studio and before the Web2 era began to pave way for Web3, raised the funds over the past two and half years. Top venture firms Pantera Capital and Animoca Brands are among prominent investors to back the investment. “Web3 gaming is one of the most innovative and rapidly developing sectors within the crypto industry, and we’re proud to be in the vanguard of this digital revolution,” Pantera Capital general partner Paul Veradittakit commented. Other investors backing the blockchain-focused game developer are Polygon, Kenetic, Dapper Labs and Permanens Capital Partners. Rockstar Games co-founder Dan Houser, who is an adviser at the company, also participated in the latest round. Revolving Games plans to use the funds to build AAA blockchain games, including a second title to add to its Battlestar Galactica. As noted in the press release, the second title will be a blockchain-based MMO game dubbed ‘Skyborne Legacy’. The game will be anchored on the Polygon blockchain. Skyborne Legacy is set for release in early October. “With 2 studios and a team of 100+, we’re committed to building high-quality AAA titles that are fun and lasting. We understand that any successful game starts first with constructing vast online worlds, and we’ve brought in key hires and strategic investors to help us do that,” the team tweeted. The post Web3 game studio Revolving Games closes $25M funding round appeared first on CoinJournal. https://ift.tt/kg21rKB CoinJournal: Latest Bitcoin, Ethereum & Crypto News
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Web3 game studio Revolving Games closes $25M funding round Revolving Games raised $12 million in pre-seed financing and another $13.2 million in seed funding from investors led by Animoca Brands and Pantera Capital. The company will use the capital to develop its blockchain-based games. Its ‘Skyborne Legacy’ title on Polygon is expected in early October. Gaming studio Revolving Games has closed a $25 million funding round as it looks to advance development of blockchain-based games, according to details shared on Friday. The funding includes a pre-seed financing round that netted the Web3 game developer $12 million from investors and a further $13.2 million in new capital raised in a seed round. Revolving Games to release game on Polygon The company, founded in 2020 as a mobile game studio and before the Web2 era began to pave way for Web3, raised the funds over the past two and half years. Top venture firms Pantera Capital and Animoca Brands are among prominent investors to back the investment. “Web3 gaming is one of the most innovative and rapidly developing sectors within the crypto industry, and we’re proud to be in the vanguard of this digital revolution,” Pantera Capital general partner Paul Veradittakit commented. Other investors backing the blockchain-focused game developer are Polygon, Kenetic, Dapper Labs and Permanens Capital Partners. Rockstar Games co-founder Dan Houser, who is an adviser at the company, also participated in the latest round. Revolving Games plans to use the funds to build AAA blockchain games, including a second title to add to its Battlestar Galactica. As noted in the press release, the second title will be a blockchain-based MMO game dubbed ‘Skyborne Legacy’. The game will be anchored on the Polygon blockchain. Skyborne Legacy is set for release in early October. “With 2 studios and a team of 100+, we’re committed to building high-quality AAA titles that are fun and lasting. We understand that any successful game starts first with constructing vast online worlds, and we’ve brought in key hires and strategic investors to help us do that,” the team tweeted. The post Web3 game studio Revolving Games closes $25M funding round appeared first on CoinJournal. Revolving Games raised $12 million in pre-seed financing and another $13.2 million in seed funding from investors led by Animoca Brands and Pantera Capital. The company will use the capital to develop its blockchain-based games. Its ‘Skyborne Legacy’ title on Polygon is expected in early October. Gaming studio Revolving Games has closed a $25 million funding round as it looks to advance development of blockchain-based games, according to details shared on Friday. The funding includes a pre-seed financing round that netted the Web3 game developer $12 million from investors and a further $13.2 million in new capital raised in a seed round. Revolving Games to release game on Polygon The company, founded in 2020 as a mobile game studio and before the Web2 era began to pave way for Web3, raised the funds over the past two and half years. Top venture firms Pantera Capital and Animoca Brands are among prominent investors to back the investment. “Web3 gaming is one of the most innovative and rapidly developing sectors within the crypto industry, and we’re proud to be in the vanguard of this digital revolution,” Pantera Capital general partner Paul Veradittakit commented. Other investors backing the blockchain-focused game developer are Polygon, Kenetic, Dapper Labs and Permanens Capital Partners. Rockstar Games co-founder Dan Houser, who is an adviser at the company, also participated in the latest round. Revolving Games plans to use the funds to build AAA blockchain games, including a second title to add to its Battlestar Galactica. As noted in the press release, the second title will be a blockchain-based MMO game dubbed ‘Skyborne Legacy’. The game will be anchored on the Polygon blockchain. Skyborne Legacy is set for release in early October. “With 2 studios and a team of 100+, we’re committed to building high-quality AAA titles that are fun and lasting. We understand that any successful game starts first with constructing vast online worlds, and we’ve brought in key hires and strategic investors to help us do that,” the team tweeted. The post Web3 game studio Revolving Games closes $25M funding round appeared first on CoinJournal. https://ift.tt/kg21rKB CoinJournal: Latest Bitcoin, Ethereum & Crypto News

Cryptocurrency Development Service September 09, 2022

Revolving Games raised $12 million in pre-seed financing and another $13.2 mi…

Crypto processing platform Calypso Pay adds support for Tron, Polygon And BNBChain Calypso Pay users can now enjoy support for additional cryptocurrencies on the Tron (TRX), Polygon (MATIC) and BNBChain (BNB).  Calypso Pay, an all-in-one crypto processing & acquiring platform, announced on Tuesday, September 6th, that it has added support for new currencies on Tron, Polygon and BNBChain.  According to the company, the list of new currencies includes USDT TRC-20, USDT on Polygon, MATIC, BNB and BUSD. Thanks to this latest development, Calypso Pay users can now make and accept payments in the added cryptocurrencies.  While commenting on this latest development,  Alexey Korneev, Operations Director, said; “We at Calypso Pay work hard to provide one of the best solutions on the market for our customers. Previously Calypso Pay allowed its customers to accept payment with USDT ERC-20, BTC, ETH, USDC, and many others — today, we’re glad to announce we’re adding support for new blockchains and now enable our users to operate with USDT TRC-20, MATIC, USDT on Polygon, BNB and BUSD with more coins to follow to cover the growing demand of our users.” Calypso Pay enables users to receive payments from their clients fast and in a secure way. With Calypso Pay, users can create invoices and/or use a payment widget to accept payments, initiate payouts for individuals or make payments to up to 1000 recipients at the same time. Furthermore, the platform allows users to manage their finances and more.  This latest development comes a few weeks after Calypso Pay partnered with WatchData, a platform that helps web3 developers seamlessly interact with the blockchain, to launch Tron Mass Payouts. The solution enabled customers to quickly set up Tron payouts to tens of thousands of addresses while saving both time and money on fees.  The company said it plans to increase functionality for Tron in its platform in the coming months. The adoption comes at a time when the broader cryptocurrency is experiencing a bear market. BNB, MATIC, and TRX have all lost more than 50% of their values over the past few months.  The post Crypto processing platform Calypso Pay adds support for Tron, Polygon And BNBChain appeared first on CoinJournal. Calypso Pay users can now enjoy support for additional cryptocurrencies on the Tron (TRX), Polygon (MATIC) and BNBChain (BNB).  Calypso Pay, an all-in-one crypto processing & acquiring platform, announced on Tuesday, September 6th, that it has added support for new currencies on Tron, Polygon and BNBChain.  According to the company, the list of new currencies includes USDT TRC-20, USDT on Polygon, MATIC, BNB and BUSD. Thanks to this latest development, Calypso Pay users can now make and accept payments in the added cryptocurrencies.  While commenting on this latest development,  Alexey Korneev, Operations Director, said; “We at Calypso Pay work hard to provide one of the best solutions on the market for our customers. Previously Calypso Pay allowed its customers to accept payment with USDT ERC-20, BTC, ETH, USDC, and many others — today, we’re glad to announce we’re adding support for new blockchains and now enable our users to operate with USDT TRC-20, MATIC, USDT on Polygon, BNB and BUSD with more coins to follow to cover the growing demand of our users.” Calypso Pay enables users to receive payments from their clients fast and in a secure way. With Calypso Pay, users can create invoices and/or use a payment widget to accept payments, initiate payouts for individuals or make payments to up to 1000 recipients at the same time. Furthermore, the platform allows users to manage their finances and more.  This latest development comes a few weeks after Calypso Pay partnered with WatchData, a platform that helps web3 developers seamlessly interact with the blockchain, to launch Tron Mass Payouts. The solution enabled customers to quickly set up Tron payouts to tens of thousands of addresses while saving both time and money on fees.  The company said it plans to increase functionality for Tron in its platform in the coming months. The adoption comes at a time when the broader cryptocurrency is experiencing a bear market. BNB, MATIC, and TRX have all lost more than 50% of their values over the past few months.  The post Crypto processing platform Calypso Pay adds support for Tron, Polygon And BNBChain appeared first on CoinJournal. https://ift.tt/Diw67xG CoinJournal: Latest Bitcoin, Ethereum & Crypto News
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Crypto processing platform Calypso Pay adds support for Tron, Polygon And BNBChain Calypso Pay users can now enjoy support for additional cryptocurrencies on the Tron (TRX), Polygon (MATIC) and BNBChain (BNB).  Calypso Pay, an all-in-one crypto processing & acquiring platform, announced on Tuesday, September 6th, that it has added support for new currencies on Tron, Polygon and BNBChain.  According to the company, the list of new currencies includes USDT TRC-20, USDT on Polygon, MATIC, BNB and BUSD. Thanks to this latest development, Calypso Pay users can now make and accept payments in the added cryptocurrencies.  While commenting on this latest development,  Alexey Korneev, Operations Director, said; “We at Calypso Pay work hard to provide one of the best solutions on the market for our customers. Previously Calypso Pay allowed its customers to accept payment with USDT ERC-20, BTC, ETH, USDC, and many others — today, we’re glad to announce we’re adding support for new blockchains and now enable our users to operate with USDT TRC-20, MATIC, USDT on Polygon, BNB and BUSD with more coins to follow to cover the growing demand of our users.” Calypso Pay enables users to receive payments from their clients fast and in a secure way. With Calypso Pay, users can create invoices and/or use a payment widget to accept payments, initiate payouts for individuals or make payments to up to 1000 recipients at the same time. Furthermore, the platform allows users to manage their finances and more.  This latest development comes a few weeks after Calypso Pay partnered with WatchData, a platform that helps web3 developers seamlessly interact with the blockchain, to launch Tron Mass Payouts. The solution enabled customers to quickly set up Tron payouts to tens of thousands of addresses while saving both time and money on fees.  The company said it plans to increase functionality for Tron in its platform in the coming months. The adoption comes at a time when the broader cryptocurrency is experiencing a bear market. BNB, MATIC, and TRX have all lost more than 50% of their values over the past few months.  The post Crypto processing platform Calypso Pay adds support for Tron, Polygon And BNBChain appeared first on CoinJournal. Calypso Pay users can now enjoy support for additional cryptocurrencies on the Tron (TRX), Polygon (MATIC) and BNBChain (BNB).  Calypso Pay, an all-in-one crypto processing & acquiring platform, announced on Tuesday, September 6th, that it has added support for new currencies on Tron, Polygon and BNBChain.  According to the company, the list of new currencies includes USDT TRC-20, USDT on Polygon, MATIC, BNB and BUSD. Thanks to this latest development, Calypso Pay users can now make and accept payments in the added cryptocurrencies.  While commenting on this latest development,  Alexey Korneev, Operations Director, said; “We at Calypso Pay work hard to provide one of the best solutions on the market for our customers. Previously Calypso Pay allowed its customers to accept payment with USDT ERC-20, BTC, ETH, USDC, and many others — today, we’re glad to announce we’re adding support for new blockchains and now enable our users to operate with USDT TRC-20, MATIC, USDT on Polygon, BNB and BUSD with more coins to follow to cover the growing demand of our users.” Calypso Pay enables users to receive payments from their clients fast and in a secure way. With Calypso Pay, users can create invoices and/or use a payment widget to accept payments, initiate payouts for individuals or make payments to up to 1000 recipients at the same time. Furthermore, the platform allows users to manage their finances and more.  This latest development comes a few weeks after Calypso Pay partnered with WatchData, a platform that helps web3 developers seamlessly interact with the blockchain, to launch Tron Mass Payouts. The solution enabled customers to quickly set up Tron payouts to tens of thousands of addresses while saving both time and money on fees.  The company said it plans to increase functionality for Tron in its platform in the coming months. The adoption comes at a time when the broader cryptocurrency is experiencing a bear market. BNB, MATIC, and TRX have all lost more than 50% of their values over the past few months.  The post Crypto processing platform Calypso Pay adds support for Tron, Polygon And BNBChain appeared first on CoinJournal. https://ift.tt/Diw67xG CoinJournal: Latest Bitcoin, Ethereum & Crypto News

Cryptocurrency Development Service September 06, 2022

Calypso Pay users can now enjoy support for additional cryptocurrencies on the…

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Cryptocurrency Development Service August 13, 2021

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