2015 was a great year for Bitcoin and blockchain startups. This is due to two major developments: the first was the realization that decentralized ledgers can offer a real alternative to traditional banking systems, and the second was the increase in venture capitalist money that accompanied the price. To illustrate these trends, we’ve compiled a list of the most successful blockchain startups of the year. These are the companies that have attracted the most venture capital from investors, and the largest sums of investment money.
The cryptocurrency industry is huge, and global VCs and angel investors are looking for the next big thing. While there are many innovative projects in the industry, none have taken over the headlines quite like bitcoin. But how does bitcoin compare to its competitors in the space? For example, how does bitcoin stack up against some of the other major cryptocurrencies?
On June 13, 2018, Bitmain Technologies, the biggest Bitcoin mining firm in the world, was valued at an eye-popping $15.1 billion. This is especially impressive when you consider that in January 2017, Bitmain’s market capitalization was only $4.3 billion. How did Bitmain get so much richer so fast? The answer is in the numbers.. Read more about blockchain capital and let us know what you think.With rapidly growing shortages and increasing demand for unique and innovative solutions, the global angel and venture capital community is constantly engaged in private funding rounds and token sales. The resulting influx of capital shows that entrepreneurs and startups are doing their part to develop the next generation of blockchain technology.
Balancer Labs raises $24.25 million to accelerate the development ofprotocols.
Balancer Labs, the company behind Balancer, an automated portfolio manager, liquidity provider and price sensor, received $24.25 million from leading investors in a recent token sale that will be used to accelerate the development of the Balancer protocol. New investors have been added to the latest round of funding, including Alameda Capital, Pantera Capital, Fenbushi Capital, Blockchain Capital, Longhash Ventures, Fintech Collective and Continue Capital. One of the features of the Balancer protocol is that it uses multivariate values to build a mathematical and analytical framework that allows different portfolios to automatically adjust to market conditions. The second evolution of the Balancer protocol (Balancer V2) will redesign the current system architecture to increase the value of transactions while facilitating integration for developers and ease of use.
World’s first FBA network, Flare, raises $11.3 million
Flare, a new procurement platform built on a modified version of Avalanche, is a distributed network with unique features. Not only can it be used to create two-way bridges between networks like Ethereum and XRP Ledger, but it is also the world’s first FBA network with full Turing. Flare claims to be the only platform that applies the Federated Byzantine Agreement (FBA) consensus process to smart contracts, making it secure and accessible to most blockchain developer communities. Led by Kenetic Capital, the platform recently raised $11.3 million from leading global venture capitalists including Digital Currency Group, Coinfund, LD Capital, cFund, Wave Financial, Borderless Capital and Backend Capital, as well as angel investors including Vinny Lingam, Do Kwan and Litecoin founder Charlie Lee, as well as Newform Capital, Genesis Capital, ZB Group, Ripple and DeFi Capital.
Automata Network receives $2.4 million in funding to create a privacy-friendly Web 3.0
Automata Network, which aims to provide seamless privacy for dApps, has raised $2.4 million from leading investors including IOSG Ventures, KR1 and Jump Trading. The platform, officially launched on Binance Launchpool, aims to implement a privacy-friendly cross-chain computing protocol and provides developers with the infrastructure to leverage Web 3.0. The protocol aims to provide Web 3.0 applications and businesses built on Polkadot and Ethereum with privacy-based transactions, high reliability and no friction. In addition, Automata supports unified cross-chain connections for improved usability, a common mechanism and reward structure to enable data protection between dApps, and several other unique features.
Defi Cryption Network startup receives $1.1 million in private round
Switching between blockchains, navigating complex interfaces, and issues with scalability and commissions are seen by many as the main obstacles to mass adoption of Defi. To address these issues, Polygon-based startup defi Cryption Network offers a suite of easy-to-use crypto products for ordinary retail investors who want to invest in cryptocurrencies but are intimidated by its complexity. Cryption Network, which offers a wide range of products and services to increase the adoption of cryptocurrencies, recently closed a successful private funding round. The project has attracted many top investors from the cryptocurrency space, including venture capital firms such as Genblock, Master Ventures, CMS Holdings, X21 Digital, Gravity X Capital, Water Drip, and AU21, resulting in an inflow of $1.1 million in capital. The network has also been funded by angel investors like Sandeep Nailwal of Polygon and Humayun Shaik of Fetch.ai.
Panther Protocol raises $8 million to buildprivacy solution
In a world where digital assets are constantly under scrutiny, privacy seems to be the only thing on many traders, retailers and investors’ minds. The Panther protocol, an end-to-end data protection solution, provides users with interoperable, fully secure and privacy-protected digital assets to solve this problem. The Panther protocol provides users with customizable data protection at the transaction level. By using zk SNARK technology, the protocol aims to provide a robust privacy protecting mechanism that allows users to create zAssets with zero knowledge and use them in various Defi applications. The platform closed a private funding round, raising more than $8 million from over 140 investors. Venture capitalists and angel investors from around the world participated in this private funding round. Initial backers include Alphabit Fund, Deep Ventures, Ex Network, Market Across, Master Ventures, Moonwhale, Nextgen, Protocol Ventures, Rarestone Capital, Titans Ventures and others.
Impossible Finance raises $7 million to launch Defi incubator, a platform for startups andswaps
Impossible Finance, a platform that offers integrative financial tools through Defi, received more than $7 million in a recent funding round. The platform aims to make Defi simple by eliminating complex interfaces and allowing users to quickly trade tokens, add liquidity and redeem their tokens for additional rewards. Founded by Defi professionals from leading fintech companies, Impossible Finance plans to use the funding to accelerate work on its multi-faceted platform, which offers incubator, startup and Defi exchange functionality. True Ventures, CMS Holdings, Hashed, Alameda Research, Genesis Block Ventures, Emniscap, Primitive, Incuba Alpha, BR Capital, Sino Global Capital, IOSG, Coin98, The LAO, Maple Leaf Capital and others participated in this latest round. Several prominent angel investors like Sandeep Naiwal (Matic), Cain Warwick and Jordan Momtazi (Synthetix), Bette Chen and Ruitao Su (Acala), Bobby Ong and TM Lee (Coingecko), Larry Cermak (The Block), Calvin Liu (Compound) and others have also invested in this new concept.
Reef Finance announces $20 million grant to support development ofapplications
To encourage greater participation from developers who want to build Reef Chain-based applications, Reef Finance has announced a $20 million grant in several categories, including credit challenge protocols and bridges, runtime/chain modules, NFT development, decentralized exchanges (dex), wallets and interfaces, and development and deployment tools. Reef Chain is not only an EVM-compliant defensive chain built on a polka dot substrate, but it is also fast, scalable and has minimal transaction costs. The recent announcement of funding for developers is part of the company’s vision to simplify Defi and make it accessible to all. Major defi brands like Lendefi, Realm and Kwikswap are some of the best examples of the unique capabilities of the ecosystem. In addition to launching the financing program, Reef Finance will continue to enhance the functionality and capabilities of Reef Chain to drive mass adoption of the financing ecosystem.
ROK Capital and the Solana Foundation are creating a $20 million Solana Ecological Fund.
To attract more developers to Solana’s infrastructure development projects and expand the reach of blockchain in Korea, ROK Capital, the country’s leading blockchain accelerator, and the Solana Foundation have launched a $20 million fund to support teams and projects. The Ecosystem Foundation aims to establish companies that add value in different areas of Solana Blockchain by providing an architecture to support activities in Web3.0, NFT and Defi. Factblock, a blockchain consultancy, and community accelerator Despread have also joined the fund and will contribute their expertise as partners in the initiative. As part of its mandate, the Fund has already supported several organisations, including Mercurial Finance, Parrot, Serum, Symmetry and Synthetify. What do you think is the most interesting project? Let us know your comments in the section below. Photo credit: Shutterstock, Pixabay, Wiki Commons, FinanceMagnets Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.We’ve all known that the blockchain has potential to change the way we live, and now it looks like it’s getting closer to that goal. As the innovator of blockchain-based currencies, Ethereum has been attracting more investment and attention. Out of all the headlines today, one stood out:. Read more about vc crypto meaning and let us know what you think.
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