Polychain Capital
Sona launches its music streaming platform and marketplace to reward fans for buying ‘digital twins’ of songs
Sona is a new web3 streaming protocol that uses DeFi primitives (decentralized finance basic building blocks) to put the financial power back into artists’ hands with its rewards model, auctions…
Team behind crypto privacy protocol Manta Network is now valued at $500M
Even amid the crypto winter, some web3 companies are racking up hefty valuations. P0x Labs, the team behind Manta Network, a privacy-preserving protocol running on the Polkadot blockchain, announced today…
Featured Article
Foundation raises $7M to return ‘sovereignty’ to a chaotic crypto world
Foundation Devices announced it has raised a $7 million seed round to double down on its “sovereign computing platform.”
Web3 developer platform Fleek raises $25M led by Polychain Capital
Web3 developer platform Fleek has raised $25 million in Series A funding led by Polychain Capital, the company shared exclusively with TechCrunch. Additional investors in the round include Coinbase Ventures,…
Uniswap Labs valued at $1.66 billion in $165 million new funding
Uniswap Labs has raised $165 million in a new funding round as the parent firm of the world’s largest decentralized exchange looks to broaden its offerings. The Series B funding…
Polychain puts its money on HotStreak to streamline sports betting using blockchain
In the world of sports betting, instant payments and reliable custody are key to the user experience. HotStreak, a web3 platform for daily fantasy sports (DFS) contests, is wagering that…
Welcome back to Chain Reaction. Last week, we looked at Musk holding onto doge. This week, we’re talking about where all of this crypto VC money is possibly gonna go.…
The race to build a social media platform on the blockchain
It’s easy to be skeptical of the big social media giants. They typically sell user data to advertisers and have been mired in controversy for their approach to content moderation.…
This niche cryptographic technique could transform privacy in web3
Privacy is a core concern in crypto. Once you know a crypto wallet address corresponds to a certain individual, you can track all the transactions that individual has made through…
Mike Shinoda backs a startup that lets you do video calls as NFT avatars
As I speak to Tong Pow over Google Meet, he appears as a cartoon medieval-helmet-clad cat that talks and bobs its head, mirroring Pow’s movement behind the webcam. The visor…
Despite tooling limitations, DAO optimists see new use cases for a democratic, token-based future
The adoption of DAOs has skyrocketed in the past year, and participants believe this is just the beginning, claiming more use cases will form in the subsector.
Following a16z departure, Katie Haun debuts Haun Ventures with $1.5B in capital to back crypto startups
Katie Haun, who co-led Andreessen Horowitz’s crypto arm before announcing her departure this past December, is ready to take the wraps off her new organization, which she’s calling Haun Ventures.…
The Anoma protocol raises $26M for its work to undefine money
One of the best parts of being a journalist is getting to pepper experts with whatever questions you have in mind, allowing you to learn lots, often quickly, about much.…
Element Finance raises $32 million for its DeFi fixed rate protocol
Element Finance has raised a $32 million Series A round at a $320 million valuation. The company has been building a new DeFi (decentralized finance) protocol on top of the…
Avalanche raises $230 million from private sale of AVAX tokens
Avalanche, a relatively new blockchain with a focus on speed and low transactions costs, has completed a $230 million private sale of AVAX tokens to some well-known crypto funds. Polychain…
Offchain Labs raises $120 million to fix Ethereum’s shortcomings with its Arbitrum product
As the broader crypto world enjoys a late summer surge in enthusiasm, more and more blockchain developers who have taken the plunge are bumping into the blaring scaling issues faced…
Nym gets $6M for its anonymous overlay mixnet to sell privacy as a service
Switzerland-based privacy startup Nym Technologies has raised $6 million, which is being loosely pegged as a Series A round. Earlier raises included a $2.5 million seed round in 2019. The…
Dfinity’s valuation soars to $9.5Bn after revealing its governance system and token economics
We’ve been tracking one of the few genuinely interesting stories to come out of the blockchain world, ever since Dfinity raised $102M from Andreessen Horowitz and Polychain Capital for a…
Merico, a startup that gives companies deeper insights into their developers’ productivity and code quality, today announced that it has raised a $4.1 million seed round led by GGV Capital,…
Some Libra Association members like Andreessen Horowitz and Coinbase Ventures are double-dipping, backing a competing cryptocurrency developer platform. Launching today with over 50 partners, non-profit The Celo Foundation’s ‘Alliance For…
Vitaly Bahachuk wants you to share your crypto. His company lets you lend cryptocurrency peer-to-peer via smart contract, ensuring you can send your buds some red-hot Ether and, in theory,…
The last few months haven’t been easy for crypto investors. Following the dizzying highs of crypto trading late last year, which saw Bitcoin reach a peak of $19,276 and a…
Featured Article
Terra is an ambitious crypto project to build a stable coin through e-commerce
Four of the world’s largest crypto exchanges are leading a $32 million investment in an ambitious venture out of Korea that’s aiming to develop a new stable coin using e-commerce as the lynchpin. Global exchanges Binance Labs, OKEx, Huobi Capital, and Dunamu — the firm behind Korea’s Upbit — have all poured capital into Terra, a crypto…
