2024-03-04

Institutional Interest Surges in Cryptocurrency Industry: ForkLog Overview

2 min read
Institutional Interest Surges in Cryptocurrency Industry: ForkLog Overview

The cryptocurrency industry continues to witness a surge in institutional interest, with significant investments pouring into infrastructure and a growing focus on Bitcoin as an asset class. Here’s a roundup of recent highlights from ForkLog:

  • Oobit: Secured a substantial $25 million investment in Series A funding led by Tether and CMCC Global, with support from Solana Co-Founder Anatoly Yakovenko and 468 Capital. Oobit’s platform allows clients to make purchases using digital assets at any Visa or MasterCard-accepting locations, with merchants receiving fiat currency.
  • Nibiru Chain: Closed a $12 million funding round from venture funding and a successful CoinList community sale. Investors include Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital. The project aims to prepare for a significant growth phase.
  • Superform: Concluded a successful seed funding round, raising $6.5 million led by Polychain Capital. The platform, now live in early access on seven chains, enables DeFi protocols to list their repositories or asset pools, allowing users to contribute funds for profit.
  • Flood: Secured $5.2 million in seed funding for its decentralized exchange (DEX) aggregator. The protocol operates on Arbitrum One and plans to expand to Ethereum, Base, and Optimism in the coming months.
  • Glif: Raised $4.5 million in seed funding, led by Multicoin Capital, with participation from various investors. Glif, the largest protocol in the Filecoin ecosystem, enables token holders, providers, and miners to earn through staking.
  • LightLink: Attracted $4.5 million in seed funding for its Ethereum Layer 2 solution. The round was led by T&B Media Global and MQDC, with support from other key Web3 VCs. LightLink’s technology will support the Translucia project, integrating virtual and physical worlds with $300 million in funding.

Additionally, recent developments on ForkLog include substantial investments in Bitcoin-DEX Portal and Cube, along with Binance’s backing of Puffer Finance’s liquidity restaking protocol.

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