Cryptoday 1.07 | Decentralized lending protocol Goldfinch raises $25 million in funding led by a16z
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Cryptoday 1.07 | Decentralized lending protocol Goldfinch raises $25 million in funding led by a16z
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Funding Movements
Trading Tool Aggregation Suite Compendium.Fi Completes $2.5 Million Strategic Funding Round, Backed by Axia8 Ventures and Others
According to Cointelegraph, trading tool aggregation platform Compendium.Fi has announced the completion of a $2.5 million strategic funding round, with participation from Axia8 Ventures, Petrock Capital, Krypital Group, and several angel investors. The new funds will support Compendium.Fi's ongoing development and expansion of its integrated trading tools platform, as well as infrastructure growth. Additionally, the funding will help the project launch its CMFI token via an IDO on Solanium later this month. Compendium.Fi aims to create a “compendium” of trading tools across multiple ecosystems within a user-friendly application.
Decentralized Lending Protocol Goldfinch Raises $25 Million in Extension of Series A, Led by a16z
Mars Finance reports that decentralized lending protocol Goldfinch has raised $25 million in an extended Series A round led by Andreessen Horowitz (a16z), which previously led an $11 million Series A investment in the protocol in June last year. Other participants in this round include renowned hedge fund manager Bill Ackman, crypto investment firm BlockTower, and investment management firm Kingsway Capital.
NFT Curation Platform JPG Raises $3.8 Million in Seed Round, Co-led by Electric Capital and IDEO CoLab Ventures
According to CoinDesk, NFT curation platform Juried Protocol Galleries (JPG) has completed a $3.8 million seed funding round co-led by Electric Capital and IDEO CoLab Ventures. JPG focuses on building cultural infrastructure for the NFT space. The protocol enables users to curate their own NFT galleries and museums. Over recent months, the platform has successfully hosted a series of exhibitions, including the generative art exhibition "The Digital," which debuted at Art Basel Miami in December last year.
DeFi
Stablecoin TrueUSD Launches TUSD Lending on Annex (Cronos Version)
According to official announcements, decentralized money market Annex now supports depositing and borrowing TUSD on the Cronos network. Previously, the BSC version of Annex already supported TUSD lending. As the first dollar-pegged digital asset verified independently by third-party institutions and subject to real-time on-chain verification, TrueUSD is listed on over 100 exchanges including Binance, Huobi, and Poloniex, and has been deployed across multiple blockchains such as Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon, deeply participating in DeFi ecosystem development across chains. TrueUSD undergoes real-time audits by Armanino, the largest accounting firm in the U.S., ensuring a 1:1 ratio between USD reserves and circulating supply, achieving full 100% reserve backing, with audit results publicly accessible on its website.
Serum Raising $100 Million to Expand into NFTs, Metaverse, and More
The team behind Serum, a decentralized exchange built on Solana, is currently raising $100 million to expand its operations. The Incentive Ecosystem Foundation is raising capital to hire staff and enter new verticals including "NFTs, gaming, metaverse, and DAO tools." To date, investors include Commonwealth Asset Management LP, Tagus, Tiger Global, and executives from Golden Tree Asset Management. JHL, a core contributor to Serum, revealed that approximately $70 million in investment commitments have been secured so far.
NFT/GameFi
Mintable Acquires NFT Project Pudgy Penguins for 750 ETH, Plans Game Development Around IP
Zach Burks, founder of NFT marketplace Mintable, announced on social media that Mintable has acquired the NFT project Pudgy Penguins for 750 ETH, including full ownership of Pudgy Penguins ("Fat Penguins"), Lil Pudgy ("Little Fat Penguins"), and all related derivatives. Burks stated that Mintable aims to build Pudgy Penguins into the largest NFT community and expand it into a major game franchise. Mintable has already begun discussions with a multi-billion-dollar Asian gaming studio about this initiative. Furthermore, Mintable will establish a DAO for Pudgy Penguins, enabling appearances across other metaverse projects, games, and even Hollywood films, with all revenues shared among DAO members.
Cobo Partners With Comic IP Cold Rabbit; Holders of Cobo 4th Anniversary NFT Get Priority Access to Cold Rabbit XRC Project Whitelist
Shen Yu, co-founder of Cobo, announced that Cobo has partnered with the comic IP Cold Rabbit. Users holding the Cobo 4th Anniversary NFT will receive priority access to the whitelist for the XRC project created by Cold Rabbit. Going forward, Cobo plans to collaborate with more high-quality NFT projects to continuously enhance the utility of its 4th anniversary NFT.
Others
Moonbeam Network Expected to Fully Launch on January 11; Crowdloan Participants Will Be Eligible to Claim Rewards and Stake
Moonbeam Network is expected to complete the final phase (full activation) of its Polkadot launch process on January 11. At that time, Moonbeam will remove the Sudo key (the privileged admin account) and enable balance transfers and EVM functionality, meaning crowdloan participants will be able to claim rewards and begin staking. Moonbeam crowdloan participants will receive 30% of their initial rewards immediately after the network achieves full launch on Polkadot.
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