NEAR Protocol has raised $350M in its latest funding round closed this week. The round was led by Tiger Global, and included participation from Republic Capital, Hashed, FTX Ventures, and Dragonfly Capital. In January, the protocol raised $150M in a round led by Three Arrows Capital.
NFT marketplace OpenSea, which has previously focused primarily on assets hosted on Ethereum and several of its associated L2 networks, has added support for Solana-based NFTs. In January, OpenSea raised $300M at a $13B valuation.
Yuga Labs, developer of Bored Ape Yacht Club, has raised $450M in its latest funding round closed this week. The round was led by Andreessen Horowitz, and values the firm at around $4B. Bored Ape Yacht Club launched a native fungible cryptoasset, APE, earlier this month.
Cryptoasset exchange Blockchain.com has acquired Altonomy’s OTC trading desk. Altonomy is a digital asset service provider focused on institutional clients. Altonomy’s OTC desk reportedly facilitated $16B in trading volume last year.
Japan-based cryptoasset exchange Coincheck will go public following a merger with Thunder Bridge Capital Partners IV, a NASDAQ-listed SPAC. The deal is valued at $1.25B. Coincheck will trade under the ticker CNCK.
Oxio, a blockchain-based telecom-as-a-service platform, has raised $40M in Series B funding led by ParaFi Capital. Ascend, Leydon, and Multicoin Capital also participated in the round. The firm previously raised $13M in a 2020 Series A round.
Aave, a DeFi lending platform, has launched the third iteration of its protocol on seven blockchains, including Ethereum mainnet. Upgrades included in Aave v3 seek to improve UX, risk management and capital efficiency.
Cryptoasset custodian Hex Trust has raised $88M in a Series B round closed this week. The firm intends to use this funding to gain regulatory approval in several countries in the Middle East region. The round was co-led by Animoca Brands and Liberty City Ventures, with participation from Ripple, Terraform Labs, and Morgan Creek.
Etheruem Layer 2 network Immutable has raised $200 million in a Series C funding round closed this week. The round was led by Temasek and included participation from Animoca Brands, and Tencent. The round values Immutable at $2.5B.