Cryptoday 12.15 | Ex Populus, a game studio built on Ethereum and Solana, has completed an $8.5 million funding round.
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Cryptoday 12.15 | Ex Populus, a game studio built on Ethereum and Solana, has completed an $8.5 million funding round.
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Funding Movements
Ledn, crypto lending platform, raises $70 million in Series B round
Crypto lending platform Ledn has raised $70 million in its Series B funding round at a valuation of $540 million, with plans to allocate part of the funds toward its new Bitcoin-backed mortgage loan product. The round was led by 10T Holdings, with participation from Golden Tree Asset Management, Raptor Group, and FJ Labs. Dan Tapiero, CEO of 10T, will join Ledn’s board of directors. Ledn stated that all existing investors also participated in this latest round, including billionaire hedge fund investors Alan Howard and Kingsway Capital.
Ramp raises $52.7 million in Series A led by Balderton Capital
On December 15, payment infrastructure startup Ramp announced it has closed a $52.7 million Series A funding round led by Balderton Capital. Existing investors NFX, Galaxy Digital, Seedcamp, Firstminute Capital, as well as angel investors including Taavet Hinrikus (co-founder of Wise) and Francesco Simoneschi (founder of TrueLayer), also participated. Rana Yared, General Partner at Balderton, has joined Ramp’s board. The new capital will be used for continued hiring and advancing new partnership agreements. Founded in 2017, Ramp offers non-custodial payment infrastructure that helps exchanges, marketplaces, and wallets provide smoother access to purchasing cryptocurrencies and other digital assets like NFTs, positioning itself as the “PayPal for crypto.”
P2E game The Parallel raises $4.3 million
On December 15, play-to-earn (P2E) game The Parallel announced it has raised $4.3 million in a funding round led by Kyber Ventures and Signum Capital. Participating investors include Okex Blockdream Ventures, Moonrock Capital, GD10 Ventures, HUB Global, UG Ventures, AstroV Ventures, Coincu, RADA, and several angel investors. The Parallel is a decentralized virtual world game similar to The Sandbox.
P2E game Ember Sword secures funding led by BITKRAFT Ventures
On December 15, game developer Bright Star Studio announced funding for its upcoming Ethereum-based play-to-earn game Ember Sword, led by BITKRAFT Ventures. Participants include Kevin Lin, co-founder of Twitch; Carlos Rodriguez, co-founder and CEO of G2 Esports; gaming streamer Dr. DisRespect; Ryan Wyatt, Head of YouTube Gaming; and Sebastien Borget, co-founder and COO of The Sandbox.
Ethereum and Solana-based game studio Ex Populus raises $8.5 million
On Tuesday, Ethereum and Solana-based game studio Ex Populus announced it has raised $8.5 million in a funding round with participation from Akatsuki Inc, Gerstenbrot Capital, Blockwall Digital Assets, Citizen X, Fisher 8 Capital, Perpetual Protocol, Yolo Ventures, Libra Capital Ventures, 8186 Capital, and Sneaky Ventures. Earlier in October, Ex Populus had also raised a $3 million seed round led by Animoca Brands.
DeFi
Injective completes first INJ burn, destroying 40,000 INJ tokens
On December 15, decentralized derivatives trading protocol Injective announced the completion of its first INJ token burn. According to the burn dashboard, a total of 40,000 INJ tokens were burned, valued at $337,200.
Decentralized exchange HashFlow launches public pools, currently in testing phase
On December 15, decentralized exchange HashFlow launched public pools, aiming to allow regular users access to institutional-grade market maker pricing algorithms. The total value locked (TVL) in public pools is initially capped at $10 million and is now undergoing live testing. Access will soon be granted to select holders of HashFlow’s official NFTs. HashFlow stated that support for more addresses on Ethereum will be rolled out shortly.
NFT/GameFi
NFT marketplace Rarible integrates Tezos, to jointly launch NFT collection
On December 15, NFT marketplace Rarible announced integration with Tezos, marking the third blockchain supported by Rarible after Ethereum and Flow. This integration means Rarible will showcase Tezos NFTs on its platform and support secondary sales for projects within the Tezos ecosystem, under a strategic partnership. Rarible and Tezos will also launch an NFT collection called “BlazingFutures,” featuring works by 10 Tezos artists. The collection is now available exclusively on Rarible.
Hiroshi Fujiwara collaborates with Mark Gonzales on NON FRAGMENT TOKEN NFT artwork
On December 15, Japanese fashion designer, rapper, and streetwear icon Hiroshi Fujiwara teamed up with skateboarder and artist Mark Gonzales to launch the “NON FRAGMENT TOKEN” NFT artwork. The teaser shows Mark Gonzales’ signature cartoon character and the lightning bolt logo representing fragment design. Details regarding the release format and distribution method have not yet been disclosed.
Others
DappRadar officially launches RADAR token
On December 15, DApp store DappRadar announced the official launch of its RADAR token, with a total supply of 10 billion. RADAR serves as the governance and utility token for the DappRadar ecosystem, enabling holders to influence the platform’s future through governance, staking, and early access to content and exclusive features via DappRadar PRO. Huobi has announced it will list the token today. DappRadar also unveiled an airdrop campaign targeting the Ethereum ecosystem, allocating 1 billion tokens for distribution. Registered users who have used at least one DApp listed on DappRadar in the past six months (with a registered account connected to wallet and email) can claim 8,697 RADAR tokens. Users who have used at least one DApp in the past six months and at least ten DApps over their wallet’s lifetime can claim 5,798 RADAR tokens. Claims are now open on the official website, with the snapshot date set for October 19 and the deadline for claims on March 14, 2022.
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