2TOP Money

Avalanche Foundation Launches $180M DeFi Incentive Program

Avalanche has announced a massive liquidity mining incentive program called Avalanche Rush. Avalanche will primarily involve the Aave and Curve platforms. Users will be provided with an AVAX token for three months as an incentive for liquidity mining. Aave users are allocated 20,000,000 AVAX and Curve users 7,000,000 AVAX. In the second phase of liquidity mining, an additional distribution of AVAX is planned as an incentive. Avalanche is a blockchain platform used to create custom blockchains and decentralized applications. Avalanche can compete with Ethereum, Polygon and Polkadot. Moreover, it is an undervalued blockchain among its competitors. The ecosystem seems to be more than interesting.

COIN98 Infographic:
https://twitter.com/coin98analytics/status/1425230348732952580

Fractional Raises $ 7.9 Million in Private Round

The round was attended by Paradigm, Robot Ventures, Delphi Digital, Variant, Mechanism, and Divergence Ventures are among the investors.

Fractional is a decentralized protocol in which NFT holders can mine and split their NFT holdings into pieces. These tokens operate like regular ERC20 tokens that manage their NFTs. Fractional ownership of NFT is a relatively new area that is gaining popularity. Fractional makes it easy enough to buy and own NFT fractions. This provides users with the opportunity to buy a part of the "artist's" work. This fractioning allows the original creator of the NFT to see some liquidity in his asset without selling it in its entirety. 

 

Mobilecoin has closed their $ 66 million Series B

In total, they raised $ 107 million. MobileCoin is ready for growth and global adoption. Participants include notable venture capital firms, cryptocurrency technology companies, prominent entrepreneurs, investors, and artists. Series B investors include: Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst, Marc Benioff's TIME Ventures, Vy Capital, Suzy Ryoo, Troy Carter & J. Erving, Rodney "Darkchild" Jerkins, Brent Faiyaz, Jayne Andrew and Ty Baisden, Tunde Balogun, Aglaé Ventures, DreamCrew, Matt Mullenweg, Jesse Robbins, James Lindenbaum, Gaingels and 10X Capital. The round will be used to develop MobileCoin products, including the Merchant Services buildout and the rollout of its own stablecoin. MobileCoin is a company with a mission to democratize privacy for everyone. MobileCoin transactions are completed in seconds. This technology was created for mobility and convenience, as payments are made directly on mobile device. The company puts privacy first. MobileCoin was created to make digital wallets easy to recover rather than permanently lost. Even if a user loses its device, he can restore the account balance and transaction history by simply downloading his account to a new device. 

 

Andreessen Horowitz (a16z) Invests $ 4.6 million in Yield Guild Games

Yield Guild Games have announced that they raised $ 4.6 million, which will be used to fund gaming assets and expand the community. This story began when the founder of Yield Guild Games lent a character from the game Axie Infinity to some users. Players managed to earn tokens in-game and exchange them for local currency. This model was named "Play-To-Earn" as a result of its development. This gave the founders of Yield Guild Games the idea to attract audiences and kindle user's interest. The idea is the more you play, the more you earn. YGG players receive in-game items and can use them to earn tokens in-game. The main idea is that players can redeem borrowed items and characters as soon as they have the opportunity.

 

Coinbase invests $ 500 Million to Current Holdings

Coinbase CEO and co-founder Brian Armstrong tweeted that the company will buy and store more than $ 500 million in cryptocurrencies - "we will invest 10% of our future profits in cryptocurrencies and hope that this percentage will be growing over time". A significant occasion was the launch of Coinbase in Japan. You can find the details on the Coinbase blog. In the beginning, BTC, ETH will beсome available. They plan to add new assets over the following months. Coinbase will also introduce localized versions of popular services such as Advanced Trading and Coinbase for Institutions.

 

Cross-chain Protocol Chainflip Raises $ 6 Million

Chainflip is a protocol that allows swaps between different blockchains. Their own token, FLIP, will be launched on the Balancer LBP. The round was led by Framework Ventures and ParaFi Capital, Distributed Global, Delphi Digital, Hypersphere Ventures, Coinbase Ventures and others. The funds will be used for community development and security audits. The investment will also be used to scale up internal operations while expanding Chainflip's products and team. Venture capital firm FinTech Collective raised $ 250 million to support its new DeFI-focused strategy$ 200 million will be used for the firm's early-stage investments, and $ 50 million will be used to support open-source, financial protocols and applications built on Ethereum. FinTech Collective's DeFi strategy is to invest across a decentralized finance space in both equity and in liquid tokens. The total funding round increased the firm's total assets under management to over $500 million. In FinTech Collective's current portfolio, 20% of the investments are in the blockchain and DeFi, including five fintech unicorns worth over $ 1 billion.

 

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2TOP Money

Avalanche Foundation Launches $180M DeFi Incentive Program

Avalanche has announced a massive liquidity mining incentive program called Avalanche Rush. Avalanche will primarily involve the Aave and Curve platforms. Users will be provided with an AVAX token for three months as an incentive for liquidity mining. Aave users are allocated 20,000,000 AVAX and Curve users 7,000,000 AVAX. In the second phase of liquidity mining, an additional distribution of AVAX is planned as an incentive. Avalanche is a blockchain platform used to create custom blockchains and decentralized applications. Avalanche can compete with Ethereum, Polygon and Polkadot. Moreover, it is an undervalued blockchain among its competitors. The ecosystem seems to be more than interesting.

COIN98 Infographic:
https://twitter.com/coin98analytics/status/1425230348732952580

Fractional Raises $ 7.9 Million in Private Round

The round was attended by Paradigm, Robot Ventures, Delphi Digital, Variant, Mechanism, and Divergence Ventures are among the investors.

Fractional is a decentralized protocol in which NFT holders can mine and split their NFT holdings into pieces. These tokens operate like regular ERC20 tokens that manage their NFTs. Fractional ownership of NFT is a relatively new area that is gaining popularity. Fractional makes it easy enough to buy and own NFT fractions. This provides users with the opportunity to buy a part of the "artist's" work. This fractioning allows the original creator of the NFT to see some liquidity in his asset without selling it in its entirety. 

 

Mobilecoin has closed their $ 66 million Series B

In total, they raised $ 107 million. MobileCoin is ready for growth and global adoption. Participants include notable venture capital firms, cryptocurrency technology companies, prominent entrepreneurs, investors, and artists. Series B investors include: Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst, Marc Benioff's TIME Ventures, Vy Capital, Suzy Ryoo, Troy Carter & J. Erving, Rodney "Darkchild" Jerkins, Brent Faiyaz, Jayne Andrew and Ty Baisden, Tunde Balogun, Aglaé Ventures, DreamCrew, Matt Mullenweg, Jesse Robbins, James Lindenbaum, Gaingels and 10X Capital. The round will be used to develop MobileCoin products, including the Merchant Services buildout and the rollout of its own stablecoin. MobileCoin is a company with a mission to democratize privacy for everyone. MobileCoin transactions are completed in seconds. This technology was created for mobility and convenience, as payments are made directly on mobile device. The company puts privacy first. MobileCoin was created to make digital wallets easy to recover rather than permanently lost. Even if a user loses its device, he can restore the account balance and transaction history by simply downloading his account to a new device. 

 

Andreessen Horowitz (a16z) Invests $ 4.6 million in Yield Guild Games

Yield Guild Games have announced that they raised $ 4.6 million, which will be used to fund gaming assets and expand the community. This story began when the founder of Yield Guild Games lent a character from the game Axie Infinity to some users. Players managed to earn tokens in-game and exchange them for local currency. This model was named "Play-To-Earn" as a result of its development. This gave the founders of Yield Guild Games the idea to attract audiences and kindle user's interest. The idea is the more you play, the more you earn. YGG players receive in-game items and can use them to earn tokens in-game. The main idea is that players can redeem borrowed items and characters as soon as they have the opportunity.

 

Coinbase invests $ 500 Million to Current Holdings

Coinbase CEO and co-founder Brian Armstrong tweeted that the company will buy and store more than $ 500 million in cryptocurrencies - "we will invest 10% of our future profits in cryptocurrencies and hope that this percentage will be growing over time". A significant occasion was the launch of Coinbase in Japan. You can find the details on the Coinbase blog. In the beginning, BTC, ETH will beсome available. They plan to add new assets over the following months. Coinbase will also introduce localized versions of popular services such as Advanced Trading and Coinbase for Institutions.

 

Cross-chain Protocol Chainflip Raises $ 6 Million

Chainflip is a protocol that allows swaps between different blockchains. Their own token, FLIP, will be launched on the Balancer LBP. The round was led by Framework Ventures and ParaFi Capital, Distributed Global, Delphi Digital, Hypersphere Ventures, Coinbase Ventures and others. The funds will be used for community development and security audits. The investment will also be used to scale up internal operations while expanding Chainflip's products and team. Venture capital firm FinTech Collective raised $ 250 million to support its new DeFI-focused strategy$ 200 million will be used for the firm's early-stage investments, and $ 50 million will be used to support open-source, financial protocols and applications built on Ethereum. FinTech Collective's DeFi strategy is to invest across a decentralized finance space in both equity and in liquid tokens. The total funding round increased the firm's total assets under management to over $500 million. In FinTech Collective's current portfolio, 20% of the investments are in the blockchain and DeFi, including five fintech unicorns worth over $ 1 billion.

 

DOUBLE TOP | Website | YouTube | Chat | Services