BRIEFINGS

Smith + Crown’s summary of important news across the industry

Nov 11, 2022
  • Archax raises $28M.
    Digital asset exchange Archax raised $28M in a Series A funding round led by Abrdn with participation from Bitrock Capital, Blockchain Coinvestors and the Tezos Foundation. The funds are allocated to rolling out a range of regulated exchange-traded products. The company previously raised $8M in an October 2020 seed round.
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  • Meta selects Arweave for NFT storage.
    Meta has integrated decentralized data storage protocol Arweave to permanently store NFTs from Instagram. Instagram users are now able to issue digital collectibles for their posts with the data stored on Arweave.
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Nov 04, 2022
  • Boba integrates with BNB.
    Layer 2 scaling solution Boba Network has expanded to the BNB blockchain. SushiSwap will launch on the BNB Chain implementation of Boba Network as a launch partner. In April, Boba raised $45 million in a series A round at a $1.5 billion valuation.
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  • Zoop raises $15M.
    Digital collectibles trading platform Zoop raised $15M in grants and investments this week. The company will also partner with cross-game avatar firm Ready Player Me. The new partnership intends to allow players to use Zoop’s celebrity avatars in supported apps and games across multiple metaverses.
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Oct 20, 2022
  • Uniswap raises $165M.
    Uniswap Labs raised $165M in a Series B round led by Polychain Capital with participation from Andreessen Horowitz, Paradigm, SV Angel and Variant Investments. The funds will be allocated to building out the project’s web application, developer tools, NFT launch, and mobile support.
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  • Copper raises $196M.
    Cryptoasset custodian Copper Technologies raised $196M in a Series C round closed this week, $15M of which was raised via convertible notes. The company reported a $16M loss in 2021, up from $4.1M in 2020.
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Oct 05, 2022
  • Horizon raises $40M.
    Blockchain game developer Horizon raised $40M in a Series A funding round led by Brevan Howard and Morgan Creek Digital with participation from Ubisoft and Take-Two Interactive. The funds will be allocated to building out the Sequence developer platform, Niftyswap marketplace, Skyweaver game and core team.
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  • Golden raises $40M.
    Data protocol Golden raised $40M in a Series B funding round led by Andreessen Horowitz. The move brings the company’s total funding to $60. Currently in testnet, Golden’s mainnet launch is planned for Q2 2023.
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Sep 28, 2022
  • Boba Network expands to Avalanche.
    Layer-2 scaling solution Boba Network has expanded its support to the Avalanche blockchain. The first layer 2 solution on Avalanche offers developers a new scaling toolkit and intends to help meet scalability demands. SushiSwap is also deploying to the Boba Network on Avalanche.
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  • Strike raises $80M.
    Bitcoin payment provider Strike raised $80M in a Series B funding round led by Ten31 with participation from Washington University in St. Louis and the University of Wyoming. The funds are allocated to enhance the company’s payment network for merchants and consumers, including Blackhawk, NCR, and Shopify.
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