"Ira Auerbach Joins Offchain Labs to Lead Tandem, Strengthening Blockchain Venture Expertise" Ira Auerbach, previously the Senior Vice President and Head of Digital Assets at Nasdaq, has been appointed to lead Tandem, the venture capital division of Offchain Labs, the developer behind Ethereum scaling solution Arbitrum. Auerbach's extensive background spans both traditional finance and the cryptocurrency sector. At Nasdaq, he oversaw the strategic roadmap and product development for digital assets. Before his tenure at Nasdaq, Auerbach held several executive positions at Gemini, including Global Head of Gemini Prime, where he focused on building digital asset tools for the institutional space. His earlier career includes roles at Palantir Technologies, BGC Partners, and BNP Paribas, highlighting a trend of traditional finance professionals moving into the crypto space. Tandem, launched in August 2024, operates as Offchain Labs' partner studio and venture capital arm. Its mission is to support blockchain projects by providing funding, technical expertise, and strategic guidance, aiming to address complex technical challenges that hinder mass adoption of blockchain technology. Under Auerbach's leadership, Tandem plans to collaborate with projects across the blockchain ecosystem, not limited to the Arbitrum network. The division is already engaged with initiatives like Espresso Systems, which develops decentralized sequencing infrastructure, and Ex Populus, creator of the blockchain-focused gaming platform XAI.
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📢Syndika x Yellow Capital: Empowering Early-Stage Projects for Long-Term Growth📢 🚀We’re excited to announce our partnership with Yellow, a leading venture capital and crypto market maker firm dedicated to accelerating the success of innovative blockchain projects. 🔎About Yellow Capital Yellow Capital is part of the influential Yellow Group, a collective of industry leaders driving innovation in Web3. With contributions to over 100 blockchain projects, Yellow Capital has become a cornerstone in shaping the future of Web3’s Internet of Finance by offering unmatched expertise in building sustainable, high-impact solutions: ✅ Holistic Project Support: From idea inception to becoming a top-ranked token, Yellow Capital supports projects through every stage of their journey, ensuring growth and market success. ✅ Pioneering Expertise: Backed by years of experience, their team delivers tailored strategies and cutting-edge solutions that set projects apart in the competitive blockchain space. ✅ Visionary Leadership: With Alexis Yellow’s background as a blockchain pioneer and rocket scientist, Yellow Capital’s leadership combines technical expertise with bold, innovative thinking. 🤝 Syndika x Yellow Capital: What We’ll Achieve Together By combining Yellow Capital’s expertise in project growth with Syndika’s expansive network of 80+ Web3 founders, we aim to drive greater value for projects, empowering them to scale and achieve their goals. Together, we’ll enhance deal-sharing and connections, creating a seamless ecosystem for blockchain innovation and development. 🎙“Yellow Capital partnered with Syndika because they share a long-term vision like ours and are committed to helping early-stage projects in their growth. By joining forces, we can bring more value to projects and help them achieve their goals,” says Alexis Sirkia, Co-Founder of Yellow Capital.
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The Surge of Venture Capital in Academic-Led Crypto Startups In the realm of cryptocurrency, venture capitalists are showing increased interest in startups with academic origins, exemplified by the substantial funding rounds of EigenLayer and Babylon, amounting to $100 million and $18 million respectively. These companies are pioneering "restaking" technologies, which entail leveraging established blockchain security, with the potential to transform the digital asset sector. However, projects led by professors face skepticism regarding their market relevance and controversies surrounding token distribution strategies. Notably, the recent returns distributed by Polychain Capital to its investors illustrate a growing confidence in the crypto venture capital landscape, despite the prevailing challenges. Thought leaders in the industry hold differing perspectives, with some commending the technical prowess of academic founders, while others critique their emphasis on novelty rather than addressing market demands. Nonetheless, the crypto landscape continues to undergo evolution, with a wave of research-driven innovations on the horizon. Thank you Nicolas Duval for your submission!
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VC 2 : 💰💰💰💰 👇 continues... 💰 Fabric Cryptography to develop cryptography processing unit after raising $33 million. Series A funding round was co-led by Blockchain Capital and 1kx, with participation from Offchain Labs, Polygon Labs and Matter Labs among others. The team claims the new processing unit could “drastically improve” the speed and cost of running cryptographic workloads https://lnkd.in/d3jXyirU 💰Sling Money Raises $15 Million Series A to Transform Global Payments Series A round led by Union Square Ventures, Ribbit Capital, and Slow Ventures. https://lnkd.in/ejygF-ac 💰Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding The company plans to reach $16 million by the end of a second closing. Parfin’s flagship product, Rayls, is an Ethereum Virtual Machine (EVM) blockchain system that unifies permissioned and public blockchains, focused on enterprise-grade solutions. The round was led by ParaFi Capital and included crypto investment firm Framework Ventures, L4 Venture Builder, and Núclea as participants. https://lnkd.in/drwmpfnf 💰ZK-powered DEX raises $10M from Web3 heavyweights, launches mainnet This ZK-powered order book exchange combines the reliability of DEXs with the speed of CEXs, ensuring transparent and efficient transactions while maintaining asset self-custody. Vessel recently closed a $10 million seed funding round, attracting prominent investors such as Sequoia Capital, Scroll co-founders Sandy Peng and Ye Zhang, Avalanche Foundation, Algorand Foundation, IMO Ventures, Folius Ventures and Incuba Alpha. https://lnkd.in/ezJKh87V 💰 A16zcrypto leads $9m Series A in Daylight Energy – Daylight is building a decentralized protocol to fund and coordinate distributed energy sources given that grid management is now so dependent on the unknown state of distributed energy sources..(solar, wind, batteries and traditional energy) and constantly changing demand dynamics..(AI, crypto, but also different demand from solar, etc). https://lnkd.in/eEA7EhV8 💰 Paradigm leads $7.5 million seed round for Sorella Labs that aims to solve Ethereum's MEV problem .. Uniswap Ventures, Bankless Ventures, Robot Ventures and Nascent participating https://lnkd.in/eff4t3P7 💰ZOTH Raises $4 Million to Launch Tokenized Liquid Note Founded in January 2023 by Pritam Dutta and Koushik Bhargav, Zoth aims to merge permissioned Real World Assets (RWAs) with permissionless DeFi products on the blockchain. Taisu Ventures, G20 Ventures, Fat Cat Ventures, Gemhead Capital Inc , Foundership - Web3 & AI Accelerator VC , DCI Capital, Absolute Digital VC, Gydra Capital, and AstraX Capital. Support also came from financial and crypto angels from companies like Coinbase and Hedera, along with a grant from Ripple’s XRPL Foundation. https://lnkd.in/dVS4Kuqy 💰Tether.io To Make Strategic $3 Million Investment in Kem, Paving the Way for Financial Inclusion in the Middle East https://lnkd.in/erFD9ps3
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DuckChain announces strategic partnerships and secures $5M in financing - https://lnkd.in/dGUqgwNg #cryptocurrency #bitcoin #news #affiliateprogram #remotework #work #DigitalMarketing #Technology #money #job #investing DuckChain joins forces with major crypto players to drive the next wave of decentralized applications and announces the Yellow Duck Mission hackathon. Leading investors, including dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto, participated in the $5 million financing round for the TON ecosystem layer-2 project DuckChain. As DuckChain works to improve the TON blockchain’s scalability and functionality, this funding represents an important turning point for the project. This funding will help the project improve its EVM compatibility, and DuckChain will be able to attract new users from other blockchain communities, bring new liquidity, and foster a diverse ecosystem for DuckChain and eventually for the TON network as a whole. DuckChain has successfully raised $5 million, backed by @daofive, @OffchainLabs, @KeneticCapital, @DWFVentures, @OakGroveVC, @skylandvc, @geekcartel, @gateio, @PrestoLabs, and others.Angel investors from leading industry projects such as @CamelotDEX and @Quantstamp also… https://lnkd.in/d6UfMTWJ DuckChain (@DuckChain) December 20, 2024 DuckChain has also announced partner agreements with Arbitrum, OKX Wallet, OnePieceLab, and other well-known industry companies to strengthen its position in the blockchain market. Together, they are launching the Yellow Duck Mission hackathon to bring developers, creators, and innovators to create the next generation of decentralized applications within the DuckChain ecosystem. With a total prize pool of $1 million in DuckChain Tokens, the hackathon, which takes place from December 15, 2024, to January 15, 2025, aims to stimulate innovative solutions in fields including DeFi protocols, AI-powered apps, and meme-focused platforms. Top-performing projects will receive $500,000, creative projects will receive $200,000, and the most community-engaged initiative will receive $50,000. Participants will also get a chance to raise awareness internationally, draw in investors, and present their new technology to the Web3 community. Meme dApps, DeFi apps, Telegram-powered dApps, AI solutions, and infrastructure tools are among the tracks available to participants. On December 15, 2024, submissions will begin, and participants can register on the DuckChain Hackathon Portal. DuckChain is a layer-2 solution compatible with EVM designed for the TON blockchain. It was created with assistance from TonScale Labs and Arbitrum to offer scalability and liquidity. By connecting TON with the Ethereum Virtual Machine (EVM) and Bitcoin ecosystems, DuckChain aims to draw in a w
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News in the Blockchain Space! OKX Ventures and Aptos Foundation have joined forces to launch a $10M accelerator fund, named Ankaa, to fuel the growth of the Aptos ecosystem and drive Web3 adoption. This initiative will focus on projects in infrastructure, DeFi, gaming, social, and AI, leveraging the powerful Move programming language developed by Facebook. The $10 million fund will kick off this September with five selected projects for its inaugural cohort. These projects will receive comprehensive venture support, mentorship, and access to the extensive networks of OKX, Ankaa, and Aptos Foundation. Aptos, a scalable Layer-1 Proof-of-Stake blockchain, uses the Move programming language to ensure secure and efficient on-chain transactions. Notably, the total value locked (TVL) on Aptos dApps grew by 333% in 2024 alone, surpassing $600 million, making it the largest Move-based blockchain by TVL. In addition, Aptos recently set a new record with 115.4 million blockchain transactions in a single day, surpassing Solana. With OKX Ventures' vast experience having invested in over 300 projects across five continents, with a fund size of approximately $1 billion alongside Aptos' growth trends and technology, this partnership is set to make significant strides in the blockchain space. Applications for the Ankaa accelerator program open this August, welcoming all interested developers and projects. Stay tuned for more updates and join us in shaping the future of Web3.
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CRYPTO VC BLUE7 OUTLINES WHY FUEL NETWORK’S ARCHITECTURE IS SO POWERFUL… - Leading venture capital fund, Blue7, recently published an in-depth article discussing how Fuel Labs’s unique rollup architecture stands to overturn some of the biggest issues facing the blockchain sector today… - Blue7’s piece begins by articulating perhaps the key issue in blockchain scalability today - State Growth. - As blockchain usage grows, so too does the stockpile of ‘essential data’, making it evermore cumbersome to verify changes, regardless of throughput capacity. “It matters little how quickly we can process transactions if verifying and applying those changes becomes prohibitively slow.” - Two major solutions exist in the blockchain industry today. One involves efficiency, and the other involves offloading nonessential data - Both, however, have serious trade-offs… Enter Fuel Network… “Fuel stands out with a modality that tackles state growth at its root while still empowering greater developer compute and design choices.” - Fuel’s UTXO model features built-in mechanisms to optimize for efficiency. - Meanwhile, Fuel implements ‘Native State Rehydration’ meaning that “Developers have the flexibility to break down the state into manageable chunks. Instead of having to store the entirety of a smart contract's state”. - If data is needed, it can be ‘rehydrated’ (basically fetched from an external source), without placing unnecessary burdens on the network itself. - Neither of these features are unique to Fuel. However, the combination of the two is what makes its architecture so powerful. - Blue7’s thesis then goes on to discuss how other networks like $SOL, $SUI and $ETH handle state growth and network bloat… - … Ultimately concluding that a mixture of both Fuel Network’s and Ethereum’s architecture is likely to compound progress and efficiency when combined. “This complementary philosophy could lead to a powerful synergy, with Fuel building upon Ethereum's efficiency gains to offer an even more optimized environment for state-conscious DApps. While it may demand a shift in developer mindset, this emphasis on state-awareness from the ground up could prove to be a more sustainable long-term solution for managing the ever-growing demands on blockchain state.”
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looking at novel architectures that address state bloat (which is a bottleneck to scaling blockchain performance to the masses). https://lnkd.in/dXTR-cdE
CRYPTO VC BLUE7 OUTLINES WHY FUEL NETWORK’S ARCHITECTURE IS SO POWERFUL… - Leading venture capital fund, Blue7, recently published an in-depth article discussing how Fuel Labs’s unique rollup architecture stands to overturn some of the biggest issues facing the blockchain sector today… - Blue7’s piece begins by articulating perhaps the key issue in blockchain scalability today - State Growth. - As blockchain usage grows, so too does the stockpile of ‘essential data’, making it evermore cumbersome to verify changes, regardless of throughput capacity. “It matters little how quickly we can process transactions if verifying and applying those changes becomes prohibitively slow.” - Two major solutions exist in the blockchain industry today. One involves efficiency, and the other involves offloading nonessential data - Both, however, have serious trade-offs… Enter Fuel Network… “Fuel stands out with a modality that tackles state growth at its root while still empowering greater developer compute and design choices.” - Fuel’s UTXO model features built-in mechanisms to optimize for efficiency. - Meanwhile, Fuel implements ‘Native State Rehydration’ meaning that “Developers have the flexibility to break down the state into manageable chunks. Instead of having to store the entirety of a smart contract's state”. - If data is needed, it can be ‘rehydrated’ (basically fetched from an external source), without placing unnecessary burdens on the network itself. - Neither of these features are unique to Fuel. However, the combination of the two is what makes its architecture so powerful. - Blue7’s thesis then goes on to discuss how other networks like $SOL, $SUI and $ETH handle state growth and network bloat… - … Ultimately concluding that a mixture of both Fuel Network’s and Ethereum’s architecture is likely to compound progress and efficiency when combined. “This complementary philosophy could lead to a powerful synergy, with Fuel building upon Ethereum's efficiency gains to offer an even more optimized environment for state-conscious DApps. While it may demand a shift in developer mindset, this emphasis on state-awareness from the ground up could prove to be a more sustainable long-term solution for managing the ever-growing demands on blockchain state.”
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### How to Get Your Startup Funded via Blockchain Venture Capital Securing funding for a blockchain startup through venture capital (VC) can be a complex but rewarding process. Blockchain VC firms specialize in investing in companies that leverage blockchain technology. Here’s a step-by-step guide on how to navigate this process: #### 1. Develop a Strong Business Plan **Clear Vision and Mission**: Clearly articulate your startup’s vision, mission, and the problem you aim to solve with blockchain technology. **Detailed Roadmap**: Outline your project’s milestones, timelines, and development phases. **Market Analysis**: Conduct thorough market research to understand your target audience, competitors, and the potential for growth. **Financial Projections**: Provide detailed financial forecasts, including revenue models, break-even analysis, and funding requirements. #### 2. Build a Prototype or MVP **Proof of Concept**: Develop a prototype or Minimum Viable Product (MVP) to demonstrate your idea's feasibility and potential. **Technical Foundation**: Ensure your blockchain technology stack is robust, scalable, and secure. **User Testing**: Conduct initial testing with a small group of users to gather feedback and make necessary improvements. #### 3. Assemble a Strong Team **Experienced Team**: Assemble a team with expertise in blockchain technology, business development, and the specific industry your startup targets. **Advisors**: Include reputable advisors with experience in the blockchain space to lend credibility to your project. **Transparent Profiles**: Provide detailed bios of all team members and advisors on your website and pitch materials. #### 4. Prepare Your Pitch **Compelling Story**: Craft a compelling narrative that explains your project, its benefits, and why it stands out. **Clear Value Proposition**: Clearly define the value proposition of your blockchain solution and how it addresses existing problems or inefficiencies. **Pitch Deck**: Create a professional pitch deck that covers key aspects of your business, including the problem, solution, market opportunity, business model, traction, and team. #### 5. Research Blockchain VCs **Targeted List**: Compile a list of VC firms that specialize in blockchain and cryptocurrency investments. Examples include Pantera Capital, Digital Currency Group, and Andreessen Horowitz (a16z). **Investment Criteria**: Understand each VC’s investment criteria, including the types of projects they fund, stages of investment, and average ticket sizes. **Portfolio Analysis**: Analyze their portfolio companies to identify patterns and potential synergies with your startup. #### 6. Network and Connect **Industry Events**: Attend blockchain conferences, meetups, and networking events to connect with potential investors and industry leaders.
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These crypto companies, by sector, raised capital over the past week: AI Inference Labs is focused on developing AI technologies and applications across various domains. Inference Labs raised on May 8th a $2.3 million Pre-Seed round led by Mechanism Capital, DACM , and Delphi Ventures, and followed by Skynet Trading, Big Brain Holdings, Bitscale, Stateless Ventures, and others. ChainML is an AI research and development company focused on enhancing AI agent capabilities. ChainML raised on May 13th a Seed+ round of $6.2 million led by Hack VC and followed by Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, and others. Social Platform UXLINK is a Web3 social infrastructure platform that enhances real-time interactions and relationships on the blockchain. UXLINK raised on May 13th a Seed+ round of $5 million led by SevenX Ventures and HashKey Capital. Trading Arbelos Markets is a financial services provider specializing in crypto trading and advisory. Arbelos Markets raised on May 8th a $28 million Private round led by Dragonfly Capital and followed by Selini Capital, Breed VC, Room40 Ventures, FalconX, Circle Ventures, Paxos, and others. DeFi Zest Protocol is an on-chain lending protocol built for Bitcoin, allowing users to earn or borrow against their BTC through smart contracts that operate on the Stacks blockchain. The project raised on May 13th a $3.5 million Seed round led by Draper Associates and followed by Binance Labs, Flow Traders, Trust Machines, Asymmetric, Gravity Fund, DeSpread, and others. And more in sectors Infrastructure, L2, NFT, Perpetuals, and NFT. For a full rundown, check out the latest Genesis issue: https://lnkd.in/dj9BWPJX
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🌐 A few hours before #Token2049, Are we witnessing a revolution in the #web3 funding? Let's look at these innovative investments 🚀 In a dynamic turn of events, the web3 ecosystem is witnessing a significant influx of venture capital, which is not only revitalizing traditional #investment but also accelerating the adoption of alternative funding models. This transformation is a crucial development for startups in the #blockchain and #crypto space, as highlighted in the latest edition of Cointelegraph's VC Roundup: 🗞️ Full article: https://lnkd.in/esq3AcfW 💼 Venture capitalists are doubling down on their commitments, with a remarkable 38% increase in investments during the first quarter of 2024 alone. More than $1.1 billion was injected into crypto-related projects in March, marking a substantial 52.5% rise month-on-month. These investments are predominantly channeled towards building robust infrastructure and decentralized finance projects, which are foundational to sustainable growth in the crypto ecosystem. Simultaneously, an innovative shift towards grants is becoming a cornerstone for funding new ventures. For example, Seamless has collaborated with layer-3 Degen Chain and semi-fungible token protocol Pandora to offer nearly $600,000 in grants to support creators and developers. 👀 Moreover, initiatives like SingularityNET's Deep Funding Round 4 promise over $1 million to decentralized AI projects, showcasing a broader acceptance and support for cutting-edge technological integration within the blockchain. As the landscape evolves, the blend of traditional venture capital and creative funding models like grants and node sales are setting a new precedent. This approach not only diversifies the investment base but also democratizes the opportunity for innovation and participation in the burgeoning digital economy. 🔗 Let's discuss how these developments are shaping the future of technology and investment. Are you ready to be part of it? #CryptoInvestment #Blockchain #VentureCapital #Innovation
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