Funding round
FTX US hits $8BN valuation after securing $400M in Series A funding round
The exchange intends to use the funds to expand its workforce by hiring more experts FTX US, the US affiliate arm of global exchange FTX, has concluded its first funding round, netting $400 million. The fundraising drew support from several huge names, including SoftBank Group, blockchain-focused venture capital firm Paradigm and Singapore-based investment company Temasek. Other participants that featured include Ontario Teachers’ Pension Plan Board, Multicoin Capital, Greenoaks Capital, Lightspeed Venture Partners, Tribe Capital, and Steadview Capital. The exchange is now valued at $8 billion, making it one of the biggest players in the US cryptocurrency sector. This new valuation is at par with the target set by FTX chief executive Sam Bankman-Friend last December. FTX previously c...
Metaplex Foundation closes $46 million raise to expand Solana NFT use cases
The firm specifically sought investors in the sports and entertainment industries to stick with the current NFT curve Metaplex Foundation, the creator of Solana’s NFT protocol Metaplex, has today said it completed a funding round in which it raised $46 million. The round was co-led by Jump Crypto and Multicoin Capital, with several other major brands, including Alameda research, Solana Ventures and Animoca Brands involved. Prominent public figures, including American rapper Snoop Dogg and several retired as well as active pro basketballers such as Michael Jordan, Allen Iverson, and Kevin Love took part. DJ production duo The Chainsmokers (via Mantis Venture Capital firm) and New York Knicks Executive Vice President also participated. In total, 90 investors pitched in the fundraising....
