Cryptoday 1.06 | NFT data aggregator CryptoSlam raises $9 million, led by Animoca Brands
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Cryptoday 1.06 | NFT data aggregator CryptoSlam raises $9 million, led by Animoca Brands
As long as one views things with detachment, there is nothing to worry about; and as long as one does not exaggerate matters in anger, there is nothing worth getting upset over.
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Cryptoday is a daily news column under TechFlow, focusing not on "news," but on asset movements.
If one can view things more lightly, there will be nothing to worry about; as long as anger does not exaggerate the situation, nothing is worth getting upset over.
——Ivan Turgenev
Funding Movements
Tribal Credit completes $40 million debt financing round, backed by Partners for Growth and SDF
Tribal Credit, an enterprise payment platform focused on crypto technology, has completed a $40 million debt issuance, raising funds through fiat and stablecoins to support its business expansion in Latin America. The hybrid debt financing was provided by California-based investment firm Partners for Growth and the Stellar Development Foundation (SDF), a non-profit organization supporting the Stellar blockchain. Tribal stated it will use the proceeds to finance receivables from its customer base across Latin America, particularly in Mexico, Brazil, Chile, Colombia, and Peru.
Nametag closes seed round at $30 million valuation, with participation from Continue Capital
Nametag announced the completion of its seed funding round at a $30 million valuation, with participation from Continue Capital and others. Funds will be used to build a robust, standardized Web3 social layer atop traditional Web2 internet infrastructure. Over the coming months, Nametag plans to support additional blockchains, launch its Nametag API, and release the NT token. Nametag aims to become a universal naming service platform built on blockchain, yet extending beyond it.
Digital asset investment platform TDX Strategies secures $2.5 million in Series A funding, led by Transcend Capital Partners
Digital asset derivatives investment platform TDX Strategies has raised $2.5 million in Series A funding, led by Transcend Capital Partners, with participation from Gobi Partners, Baboon VC, Double Peak Group, Alameda Ventures, IWM Ventures, and other individual investors. The new capital will drive TDX Strategies' development of innovative digital asset investment solutions and expand its product distribution footprint. TDX Strategies is an institutional-grade investment solutions platform offering a range of cutting-edge financial products centered on digital assets.
NFT data aggregator CryptoSlam raises $9 million, led by Animoca Brands
NFT data aggregator CryptoSlam has raised $9 million in funding, led by Animoca Brands, with participation from Mark Cuban, Sound Ventures, Binance Smart Chain, Stocktwits, LinkedIn co-founder Reid Hoffman, Zynga founder Mark Pincus, and The Sandbox co-founder Sebastien Borget. Founded in 2018, CryptoSlam provides cross-chain NFT aggregation and data rankings. The new funds will support hiring initiatives and platform expansion. CryptoSlam plans to launch a new product enabling developers to build enterprise NFT data APIs on its platform.
DeFi
Fixed-rate lending protocol Element Finance updates DAI fixed-rate product
On January 6, fixed-rate lending protocol Element Finance updated its DAI savings product maturing on April 30, 2022. Element Finance currently offers 14 fixed-rate products maturing in 2022.
NFT/GameFi
Samsung opens 837X virtual store in Decentraland
According to The Block, Samsung has partnered with the metaverse platform Decentraland to open its 837X virtual store. The physical location is at 837 Washington Street in Manhattan, New York City. Samsung told The Block: "This is one of the largest brand land acquisitions in Decentraland's history."
Australian Open to launch 6,776 NFTs
The Australian Open will launch 6,776 NFTs, each representing a tiny plot of land on the tournament’s court surface. Each match-winning point from 600 games will correspond to one NFT in the collection. If the winning point occurs during the championship match, the NFT holder will receive the actual tennis ball in a custom-engraved case. Minting is scheduled for January 13, priced at 0.067 ETH per NFT (approximately $350). The exact court position for each NFT will be determined after the entire collection is minted.
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