Cryptoday 12.16 | On-chain data analysis platform Nansen raises $75 million in funding led by Accel
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Cryptoday 12.16 | On-chain data analysis platform Nansen raises $75 million in funding led by Accel
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Funding Updates
On-chain analytics platform Nansen raises $75 million in Series B funding led by Accel
December 16 — Blockchain analytics platform Nansen has raised $75 million in a Series B round led by Accel. Other participants in the funding round include Andreessen Horowitz (a16z), SCB 10X, Tiger Global, and other prominent venture capital firms and angel investors. The company plans to use the funds for its next phase of growth and development, including expanding platform functionality and multi-chain integration globally, as well as hiring top-tier developers and research analysts.
NFT financialization platform Bridgesplit completes $4.25 million seed round
December 16 — Solana-based NFT financialization platform Bridgesplit has announced the completion of a $4.25 million seed funding round led by CoinFund and Jump Capital. Participants include Anthony Pompliano, Packy McCormick, Joe Montana, Solana Labs, Coinbase Ventures, and Rucker Park Capital.
Aztec Network raises $17 million in Series A funding led by Paradigm
December 16 — Privacy-focused Layer 2 solution Aztec Network has raised $17 million in a Series A round led by Paradigm. Investors include IOSG Ventures, Variant Fund, Nascent, imToken, Scalar Capital, DeFi Alliance, ZK Validator, and angel investors Anthony Sassano, Stani Kulechov, Bankless, DeFi Dad, Mariano Conti, and Vitalik Buterin. Previous investors a_capital, Ethereal Ventures, and Libertus Capital also participated. Aztec Network will launch Aztec Connect, the first private cross-chain bridge on Ethereum. The funding will support network decentralization, enhancement of Aztec Connect, and further development of ZK systems.
Payment company Silverflow raises $17 million in Series A funding led by Coatue Management
December 16 — Dutch payment company Silverflow has announced a $17 million Series A round led by Coatue Management. Participants include Crane Venture Partners, INKEF Capital, Jason Gardner (founder and CEO of Marqeta), Gokul Rajaram (former Square product lead and current Coinbase board member), among others.
Virtual accessories startup Jadu raises $7 million with participation from Coinbase Ventures
December 16 — Virtual accessories company Jadu has announced a $7 million funding round led by General Catalyst, with participation from Coinbase Ventures, VR Fund, Sound Ventures, and Guy Oseary. The AR startup offers pixelated NFT jetpacks, hoverboards, and other virtual accessories compatible with 3D avatars.
DeFi
Decentralized trading platform AlgoSwap to launch on Algorand
December 16 — HEADLINEINC, a startup built on Algorand, has successfully developed and deployed a customizable, embeddable decentralized exchange (DEX). With just seven lines of code, any developer building DApps on the Algorand blockchain can now integrate their own custom DEX solution. AlgoSwap is compatible with all major web platforms, including WordPress, WebFlow, Django, Gatsby, Ghost, Drupal, Joomla, Wix, Weebly, Squarespace, and more. Effectively condensing the DEX experience into a no-code widget, it enables Algorand developers to easily build custom DEXs without writing any code.
Solana-based lending protocol Port Finance launches fixed-rate loan product Sundial
Official announcement — Solana-based lending protocol Port Finance has launched Sundial, a fixed-rate loan product. Initially supporting only USDC, additional assets will be added in the future. Users can deposit USDC into fixed-rate loans expiring in March 2022.
Solana-based DeFi project Tap Finance launches mainnet
December 16 — Solana-based DeFi project Tap Finance has announced the launch of its mainnet. Its first product is a vault that earns yield by selling BTC put options backed by USDC. Options are minted on-chain as SPL tokens and sold at a premium strike price to market makers. Users receive Vault Tokens representing their share of the liquidity pool, which can be redeemed for underlying assets at the end of each option cycle. Funds remain fully under user control while enabling automatic compounding.
NFT/GameFi
Alternative investment firm Otis launches NFT marketplace Otis House, begins auctioning six physical assets including Super Mario Bros. 3
December 16 — Alternative investment firm Otis has launched an NFT marketplace called Otis House, allowing users to convert physical items into NFTs. Six asset auctions have already begun, including a vintage Nintendo copy of Super Mario Bros. 3 (Wata 9.6), a rare Bob Ross painting, a 1993 Simpsons Matt Groening DeBart card (PSA 9), a 2003 Topps Chrome LeBron James rookie card (PSA 10 Gem Mint), and a Pokémon Yellow Game Boy special Pikachu edition (Wata 9.4). According to Otis, anyone can submit collectibles valued over $5,000 to be tokenized as NFTs, with all physical items stored securely in vaults located in Delaware or New York City.
Metaverse project Dreams Quest partners with The Sandbox
December 16 — Metaverse project Dreams Quest has formed a global strategic partnership with The Sandbox, an open metaverse platform under Animoca Brands. As part of the collaboration, Dreams Quest will release special edition NFTs of its popular characters on The Sandbox NFT marketplace, starting with voxel versions of the Dreams Quest Frost Giant.
Others
REI Network Foundation launches $150 million ecosystem fund
December 16 — The REI Network Foundation has announced the launch of a $150 million ecosystem fund to support projects built on the REI Network, promoting the expansion and maturity of its ecosystem. Grants will be evaluated based on project impact, growth potential, team experience, and ecosystem alignment, with top-tier projects eligible for up to $500,000. REI Network is a new EVM-compatible public chain featuring developer-friendliness, lightweight architecture, and fee-free transactions, capable of supporting various on-chain applications including DeFi, GameFi, and metaverse projects.
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