Cryptoday 12.07 | Mysten Labs raises $36 million in Series A funding led by a16z
TechFlow Selected TechFlow Selected
Cryptoday 12.07 | Mysten Labs raises $36 million in Series A funding led by a16z
Living a wild and unrestrained life is like going downstream with the current, but making good and honest friends is as difficult as climbing to the sky.
Navigating Web3 tides with focused insights
Cryptoday is a daily news column under TechFlow, focusing not on "news," but on asset movements.
Living an unrestrained life is like floating downstream, but making good friends is as difficult as climbing a mountain.
—Balzac
Funding Updates
Mysten Labs raises $36 million in Series A round led by a16z
Web3 infrastructure company Mysten Labs has raised $36 million in a Series A funding round led by Andreessen Horowitz (a16z). Founded by veterans from Facebook's crypto division Novi Research, the startup is set to soon launch an NFT platform. Evan Cheng, CEO of Mysten, previously led Novi and helped develop the Diem blockchain and Move programming language.
Liquid staking solution Meta Pool completes seed round
On December 7, it was reported that Meta Pool, a liquid staking solution built on the Near ecosystem, completed its seed round in November. The round was backed by Dragonfly Capital, A&T Capital, Move Capital, Blockwall, D1 Ventures, and SkyVision Capital. Meta Pool is the first liquid staking solution developed by token holders on the NEAR protocol and aims to become a key infrastructure component within NEAR’s DeFi ecosystem.
African Blockchain Lab (ABL) raises $6 million in pre-A round
On December 7, African Blockchain Lab (ABL) announced it has raised $6 million in a pre-A funding round. The round was co-led by African venture capital firms Lateral Frontiers VC, CRE Venture Capital, and Musha Ventures, with participation from Dragonfly Capital, Hashkey Capital, SNZ Capital, Fenbushi, Cadenza Capital, Head & Shoulder X, LeadBlock, Hash Global, Bonfire, Krypital, and Despace. Vincent Li, co-founder of ABL, stated that the platform aims to drive large-scale adoption of digital assets and blockchain technology across Africa. Funds raised will enable the company to deliver world-class tech stacks, projects, and innovations to the continent, starting with its first product, VIBRA.
Singapore-based crypto exchange Coinhako receives investment from SBI, Sygnum, Azimut
On December 7, Singapore-based cryptocurrency exchange Coinhako announced support from the SBI-Sygnum-Azimut Digital Asset Opportunity Fund. The fundraising round received three times oversubscription. The fund is jointly managed by Japan’s SBI Group, Swiss digital asset bank Sygnum Bank, and Italy’s Azimut, one of Europe’s leading independent asset management firms. Specific investment amounts were not disclosed. Coinhako stated it will use the new capital to expand into Southeast Asia and target institutional and high-net-worth client segments.
Blockchain analytics firm TRM Labs raises $60 million in Series B led by Tiger Global
On December 7, blockchain analytics company TRM Labs announced it has closed a $60 million Series B round led by Tiger Global. Participants include Amex Ventures (American Express), Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square, Inc.), PayPal Ventures, B Capital Group, Bessemer Venture Partners, Blockchain Capital, Cap Table Coalition, Castle Island Ventures, Initialized Capital, and Operator Partners. With the new funding, TRM Labs plans to further strengthen its product offerings.
DeFi
Moonriver-based multichain lending protocol AmaraLend to integrate Chainlink price feeds
Amara Finance, a multichain asset lending protocol in the Polkadot ecosystem, announced the integration of Chainlink price feeds as the preferred oracle solution for AmaraLend—a Moonriver-based multichain lending protocol focused on long-tail assets. By leveraging Chainlink’s decentralized oracle network, AmaraLend will ensure accurate and reliable pricing for crypto assets used in its lending services. Initially, AmaraLend will support KSM-USDT and DOT-USDT price feeds from Chainlink, with plans for additional integrations as demand for long-tail asset lending grows.
DeFi aggregation platform Instadapp launches flash loan aggregator
DeFi aggregation platform Instadapp has launched its Flashloan Aggregator (FLA), which will now handle all flash loan operations on the platform. The Flashloan Aggregator charges a minimum fee of 0.05% on collateral used in flash loans. In the future, the platform plans to expand and support more flash loan sources.
NFT/GameFi
The Beatles’ first NFT auction launched with floor price of 1.25 ETH
On December 7, The Voices of Classic Rock (VOCR) officially launched an NFT auction featuring four collectibles related to The Beatles—the first-ever NFT auction associated with the band. However, Apple Corps, the band's holding company, does not appear to be involved in the creation or sale of these NFTs. Each NFT includes rare interviews and unique portraits of legendary musicians, minted on the Ethereum blockchain. Bids are accepted only in ETH, with a starting floor price of 1.25 ETH (approximately $4,000). The auction will conclude on Friday, December 10.
Gaming company AAG Ventures to launch token auction on Copper Launch on December 12
Game development company AAG Ventures recently announced it will conduct a Token Launch Auction (TLA), also known as an IDO, for its AAG token via Balancer’s Liquidity Bootstrapping Pool (BLBP) on Copper Launch. The auction will run from 20:00 on December 12 to 20:00 on December 15, Beijing time. Initial weights will be set at AAG 96% : USDC 4%.
Others
Symbiosis Finance integrates Avalanche
Stablecoin cross-chain bridge Symbiosis Finance announced its integration with the Avalanche network. Already operating on three major blockchain networks, this expansion strengthens Symbiosis' ecosystem reach. Avalanche Asia Star Fund (AVATAR), a venture fund and accelerator focused on early-stage blockchain startups, is among Symbiosis' investors and supports its growth on the Avalanche network.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
