Flow developer Dapper Labs has acquired Brud, the firm behind fictional virtual celebrity Lil Miquela and social DAO Friends with Benefits. The move is part of Dapper Labs’ larger DAO initiative, The Dapper Collective, which will now be led by Brud CEO Trevor McFedries.
Cryptoasset service provider Zero Hash has raised $35M in a Series C round. The round was led by Point72 Ventures with participation from NYCA Partners and DriveWealth. Zero Hash was previously branded SeedCX and operated primarily as a cryptoasset derivatives exchange.
The US CFTC has settled a case against cryptoasset exchange Kraken for $1.25M. The regulator originally filed charges against the exchange for failing to register as a futures commission merchant and facilitating unauthorized margin trading activity.
Ethereum scalability project Immutable X has raised $12.5M in a public token offering conducted on CoinList. The project will now launch an NFT developer incentive programs using its IMX token. Immutable X previously raised $60M in a Series B round closed this year.
Cryptoasset custodian Cobo has raised $40M in a Series B round closed last week. The project intends to use these funds to develop its ‘DeFi-as-a-service’ product. Cobo previously raised $13M in a 2018 Series A offering.
NFT-based fantasy sports platform Sorare has raised $680M in a Series B round closed this week. The round, which values Sorare at $4.3B, was led by SoftBank and included participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree.
Brokerage app Robinhood has announced plans to launch in-app digital wallets to support its cryptoasset trading services. The firm says that wallets will be available to all users by early 2022. Robinhood initially began allowing users to trade cryptoassets on its platform in mid 2019.
NBA Top Shot developer Dapper Labs has raised $250M in its latest funding round closed today. The round was led by Coatue and values Dapper Labs at $7.6B. Other participants in the round include Andreessen Horowitz, GV and Version One Ventures.
Cryptoasset management platform Abra has raised $55M in a Series C round. The round was led by IGNIA and Blockchain Capital, and brings Abra’s total fundraising to $85M. Abra was fined $300K by the U.S. SEC and CFTC for railing to register sales in July of 2020.
Ethereum Layer 2 scaling solution Immutable has raised $60M in its latest funding round. The round was led by BITKRAFT Ventures and King Rival Capital. The raise brings Immutable’s total fundraising to $77.5M.