The cryptocurrency industry continues to attract an increasing number of institutional players. This is evident from new investments in infrastructure and the growing attention companies are paying to Bitcoin as an asset class. ForkLog reviews the most significant events of recent weeks.
The cryptocurrency payment service closed a Series A funding round, raising $25 million. The investment was provided by USDT stablecoin issuer Tether, Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital.
Oobit clients use the app to pay for purchases with digital assets at any location accepting Visa or MasterCard. Merchants receive fiat currency.
The company plans to add the ability to use third-party wallets, transforming the service into a non-custodial cryptocurrency payment app.
Nibiru Chain, a first-layer blockchain developer, closed a $12 million funding round to prepare for an “ambitious” growth phase.
The investment was provided by Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
The Nibiru community sale on CoinList brought the project $3 million in nine minutes. During an additional placement, the team raised another $3 million in 11 minutes.
The cryptocurrency revenue marketplace Superform closed a seed funding round, raising $6.5 million.
It was led by Polychain Capital with participation from BlockTower Capital, Maven 11, Circle Ventures, and other venture firms. Among the project’s angel investors are former BitMEX CEO Arthur Hayes, Marc Bhargava from Tagomi, Avi Felman, Michael Bucella, and Brian Pellegrino.
Superform was founded by former BlockTower Capital investors Blake Richardson and Vikram Arun, along with former Microsoft product manager Alex Cort.
The cross-chain revenue marketplace allows DeFi protocols to list their vaults or asset pools. Users can deposit funds to earn profits.
The decentralized exchange (DEX) aggregator Flood closed a seed funding round, raising $5.2 million, as reported by The Block.
The round, closed in the summer of 2023, was led by Bain Capital Crypto with participation from Archetype and Robot Ventures.
The protocol for routing, managing, and settling trades, Flood operates on Arbitrum One. The team plans to expand it to Ethereum, Base, and Optimism in the coming months.
The aggregator also manages its own DEX, FloodSwap. Since its launch in November 2023, its trading volume has exceeded $1.4 million, according to Dune Analytics.
The liquid leasing protocol for Filecoin, Glif, raised $4.5 million in a seed funding round.
The round was led by Multicoin Capital with participation from Zee Prime Capital, Fintech Collective, Big Brain Holdings, Protocol Labs, and other investors.
According to Filfox, Glif is the largest protocol in the Filecoin ecosystem, with a total value locked exceeding $155 million.
The project allows token holders, providers, and miners to earn by depositing. Glif operates similarly to a liquid staking platform.
The Layer 2 (L2) solution for Ethereum, LightLink, raised $4.5 million in a seed funding round.
The round was led by Thai media company T&B Media Global and developer MQDC with participation from JellyC, Mittaria, Blue7, B3V, and other investors.
LightLink’s technology will support the “multiverse project” Translucia, which combines virtual and physical worlds with $300 million in funding.
