NFTgators
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NFTgators delivers a daily dose of NFT news and insights from the ecosystem - NFTs, Web3, metaverse stories to blockchain games and more.
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Crypto Card Issuer Rain Secures $24.5M Funding Round Led By Norwest Venture Partners
Quick take:
Rain leverages its partnership with Visa to issue debit and credit cards that can be used to make purchases and payments using stablecoins and other cryptocurrencies.
The company plans to expand customer access to stablecoins enabling it to provide digital dollar services to people globally.
The announcement follows Rain’s partnership with Avalanche to launch a Visa card that allows people to make payments using the AVAX token and stablecoins.
Rain has raised $24.5 million in a f
Rain leverages its partnership with Visa to issue debit and credit cards that can be used to make purchases and payments using stablecoins and other cryptocurrencies.
The company plans to expand customer access to stablecoins enabling it to provide digital dollar services to people globally.
The announcement follows Rain’s partnership with Avalanche to launch a Visa card that allows people to make payments using the AVAX token and stablecoins.
Rain has raised $24.5 million in a f
TON Foundation Says VCs Have Invested Over $400M in Toncoin
Quick take:
TON price momentarily spiked 5.8% to $3.81 after the news before trimming the session gains to $3.72.
TON blockchain has grown rapidly over the last few years amid the rapid adoption of Telegram-based mini-apps.
The layer-1 blockchain’s active user number surpassed 42 million in the past year, according to Dune.
The Open Network (TON) Foundation says venture capital firms have pumped over $400 million into its native token Toncoin (TON). The Foundation says the likes of Sequoia C
TON price momentarily spiked 5.8% to $3.81 after the news before trimming the session gains to $3.72.
TON blockchain has grown rapidly over the last few years amid the rapid adoption of Telegram-based mini-apps.
The layer-1 blockchain’s active user number surpassed 42 million in the past year, according to Dune.
The Open Network (TON) Foundation says venture capital firms have pumped over $400 million into its native token Toncoin (TON). The Foundation says the likes of Sequoia C
Walrus Foundation Closes $140M Token Sale Led By Standard Crypto
Quick take:
The Foundation will use the capital for the expansion and maintenance of its decentralized data storage protocol and application development platform.
Walrus Protocol allows any application to publish, read, and program large data files.
The announcement comes ahead of the Protocol’s mainnet launch on March 27.
Walrus Foundation has raised $140 million in a token sale led by Standard Crypto. The fundraising also attracted participation from a16z crypto, Electric Capital, Creditco
The Foundation will use the capital for the expansion and maintenance of its decentralized data storage protocol and application development platform.
Walrus Protocol allows any application to publish, read, and program large data files.
The announcement comes ahead of the Protocol’s mainnet launch on March 27.
Walrus Foundation has raised $140 million in a token sale led by Standard Crypto. The fundraising also attracted participation from a16z crypto, Electric Capital, Creditco
Kraken Eyes Expansion Into Futures Trading As It Nears $1.5B Deal for NinjaTrader
Quick take:
Wall Street Journal reported that the announcement could come as soon as Thursday.
NinjaTrader will continue to operate as a standalone platform under Kraken.
The move will help the crypto exchange platform to expand across several asset classes including equities trading and payments.
Crypto exchange platform Kraken is reportedly buying U.S. futures trading platform NinjaTradre in a $1.5 billion deal. According to the report by the Wall Street Journal, the company could use the
Wall Street Journal reported that the announcement could come as soon as Thursday.
NinjaTrader will continue to operate as a standalone platform under Kraken.
The move will help the crypto exchange platform to expand across several asset classes including equities trading and payments.
Crypto exchange platform Kraken is reportedly buying U.S. futures trading platform NinjaTradre in a $1.5 billion deal. According to the report by the Wall Street Journal, the company could use the
Web3 AI Startup Pluralis Bags $7.6M Pre-Seed and Seed Rounds to Take on OpenAI
Quick take:
Clem Delangue, cofounder of AI platform HuggingFace was among those who joined as angel investors.
The funding was structured as equity with warrants for future tokens if Pluralis decides to launch its native token.
Although the company has no product in development yet, it has assembled a research team to build a decentralised AI infrastructure.
Pluralis, a startup looking to disrupt the artificial intelligence sector, currently dominated by the likes of OpenAI by building a dec
Clem Delangue, cofounder of AI platform HuggingFace was among those who joined as angel investors.
The funding was structured as equity with warrants for future tokens if Pluralis decides to launch its native token.
Although the company has no product in development yet, it has assembled a research team to build a decentralised AI infrastructure.
Pluralis, a startup looking to disrupt the artificial intelligence sector, currently dominated by the likes of OpenAI by building a dec
Ribbit Capital Leads $15M Funding Round for Blockchain Infrastructure Startup Privy
Quick take:
The latest round brings Privy’s total funding to over $40 million.
The company’s platform allows users to easily connect an existing wallet to any application or website.
Privy plans to use the fresh capital to double the size of its 25-person team within the next 18 months.
Privy has raised $15 million in a funding round led by Ribbit Capital. The fundraising also attracted participation from participation by Sequoia Capital, Paradigm, and Coinbase, co-founder and CEO Henri Ster
The latest round brings Privy’s total funding to over $40 million.
The company’s platform allows users to easily connect an existing wallet to any application or website.
Privy plans to use the fresh capital to double the size of its 25-person team within the next 18 months.
Privy has raised $15 million in a funding round led by Ribbit Capital. The fundraising also attracted participation from participation by Sequoia Capital, Paradigm, and Coinbase, co-founder and CEO Henri Ster
Ripple Surges 14% Amid News the SEC Will Drop Appeal Ending 4-Year Long Case
Quick take:
The XRP token price shot up momentarily to $2.57, approximately 14% before pulling back later to $2.55.
The SEC is no longer pursuing an appeal against the case against the crypto payments company.
The news follows a similar trajectory witnessed over the past few weeks, during which the U.S. Securities Regulator has been dropping charges against crypto companies.
The U.S. Securities and Exchange Commission (SEC) is no longer pursuing an appeal against Ripple, according to CEO Bra
The XRP token price shot up momentarily to $2.57, approximately 14% before pulling back later to $2.55.
The SEC is no longer pursuing an appeal against the case against the crypto payments company.
The news follows a similar trajectory witnessed over the past few weeks, during which the U.S. Securities Regulator has been dropping charges against crypto companies.
The U.S. Securities and Exchange Commission (SEC) is no longer pursuing an appeal against Ripple, according to CEO Bra
Crypto Wallet Provider Utila Bags $18M Series a Round Led By Nyca Partners
Quick take:
Utila plans to use the fresh capital to expand its multi-party computation (MPC) wallet solutions.
The latest round brings the total raised from VCs by the Web3 startup to $30 million.
The fundraising comes amid rising demand for digital asset infrastructure services as more traditional financial institutions embrace crypto payments.
Utila has completed an $18 million Series A round led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca
Utila plans to use the fresh capital to expand its multi-party computation (MPC) wallet solutions.
The latest round brings the total raised from VCs by the Web3 startup to $30 million.
The fundraising comes amid rising demand for digital asset infrastructure services as more traditional financial institutions embrace crypto payments.
Utila has completed an $18 million Series A round led by Nyca Partners, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca
Despite Bearish Crypto Sentiment, These NFT Collections Are Making Headlines
The market has been tough lately, prices are up and down and sentiment is bearish. But while some people are sitting on the sidelines, the NFT space is showing signs of life and innovation.
For example, on March 14th NFT sales volume hit $18.9 million, a 16.49% increase within 24 hours. This shows that more buyers and sellers are getting active in the NFT market.
In addition, NFT transactions reached 228,903 in the same time frame. NFTs are still showing signs of engagement and activity.
Eve
For example, on March 14th NFT sales volume hit $18.9 million, a 16.49% increase within 24 hours. This shows that more buyers and sellers are getting active in the NFT market.
In addition, NFT transactions reached 228,903 in the same time frame. NFTs are still showing signs of engagement and activity.
Eve
BlackRock’s BUIDL, Superstate and Centrifuge Win Bid to Tokenise Spark’s $1B RWA Fund
Quick take:
Advisory firm Steakhouse Financial evaluated 39 applicants for Spark’s tokenised RWA fund allocation.
The winners were selected based on liquidity and capital efficiency, with the final allocation market-driven and capped at $1 billion.
The selected tokenised assets may be used as collateral for Sky’s USDS stablecoin and its yield-bearing version sUSDS upon governance approval.
BlackRock’s BUIDL, Superstate’s USTB and Centrifuge’s JTRSY have been chosen to receive Spark’s $1 bill
Advisory firm Steakhouse Financial evaluated 39 applicants for Spark’s tokenised RWA fund allocation.
The winners were selected based on liquidity and capital efficiency, with the final allocation market-driven and capped at $1 billion.
The selected tokenised assets may be used as collateral for Sky’s USDS stablecoin and its yield-bearing version sUSDS upon governance approval.
BlackRock’s BUIDL, Superstate’s USTB and Centrifuge’s JTRSY have been chosen to receive Spark’s $1 bill
Crossmint Reveals $23.6M Funding Across Three Rounds for Its Crypto API Platform
Quick take:
The round also attracted participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction.
Fortune reported that the round was structured as simple equity with no promise for token warrants.
Co-founded by Rodri Fernández Touza and Alfonso Gómez-Jordana Mañas both engineers by training, Crossmint is “built to appeal to software engineers.”
Crypto API infrastructure platform Crossmint has revealed a $23.6 million funding raised across three rounds. According to the
The round also attracted participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction.
Fortune reported that the round was structured as simple equity with no promise for token warrants.
Co-founded by Rodri Fernández Touza and Alfonso Gómez-Jordana Mañas both engineers by training, Crossmint is “built to appeal to software engineers.”
Crypto API infrastructure platform Crossmint has revealed a $23.6 million funding raised across three rounds. According to the
Workflow Protocol Developer Halliday Bags $20M Series a Led By A16z Crypto
Quick take:
The company plans to use the fresh capital to advance the development of Halliday Payments, a workflow protocol and payments application.
Its platform enables developers to delegate workflows to autonomous systems when creating smart contracts.
It aims to shorten the time it takes to create smart contracts by making the process more streamlined and accessible.
Halliday has secured a $20 million Series A round led by A16z Crypto with participation from Avalanche Blizzard Fund, Cre
The company plans to use the fresh capital to advance the development of Halliday Payments, a workflow protocol and payments application.
Its platform enables developers to delegate workflows to autonomous systems when creating smart contracts.
It aims to shorten the time it takes to create smart contracts by making the process more streamlined and accessible.
Halliday has secured a $20 million Series A round led by A16z Crypto with participation from Avalanche Blizzard Fund, Cre
Xapo Bank Launches BTC-Backed Loans for Long-Term Bitcoin Holders
Quick take:
The offer features a conservative loan-to-value ratio of 20% to 40% as a safeguard to customers’ bitcoin.
Customers can schedule repayments in 30, 90, 180 or 365 days, with no penalties for early repayment.
There is also a loan health tracker, which provides real-time insights into loan status.
Wealth management firm Xapo Bank has launched a new product, enabling long-term Bitcoin holders to borrow up to $1 million in BTC-backed loans.
According to the announcement, the new prod
The offer features a conservative loan-to-value ratio of 20% to 40% as a safeguard to customers’ bitcoin.
Customers can schedule repayments in 30, 90, 180 or 365 days, with no penalties for early repayment.
There is also a loan health tracker, which provides real-time insights into loan status.
Wealth management firm Xapo Bank has launched a new product, enabling long-term Bitcoin holders to borrow up to $1 million in BTC-backed loans.
According to the announcement, the new prod
Level Expands Its Yield-Bearing Stablecoin LvlUSD With Fresh Funding Led By Dragonfly Capital
Quick take:
The fundraising also attracted participation from Polychain Capital.
The company will use the fresh capital to expand its $80 million yield-paying stablecoin, lvlUSD.
The announcement comes amid rising demand for yield-generating assets.
Stablecoin protocol Level has rasied $2.6 million in a funding round led by existing investor Dragonfly Capital, with participation from previous investor Polychain Capital. New investors in the round include Flowdesk, Echo syndicates Native Cry
The fundraising also attracted participation from Polychain Capital.
The company will use the fresh capital to expand its $80 million yield-paying stablecoin, lvlUSD.
The announcement comes amid rising demand for yield-generating assets.
Stablecoin protocol Level has rasied $2.6 million in a funding round led by existing investor Dragonfly Capital, with participation from previous investor Polychain Capital. New investors in the round include Flowdesk, Echo syndicates Native Cry
World Liberty Financial Closes $590M Token Sale
Quick take:
Backed by the Trump Family, World Liberty Financial now ranks among the top 10 token raises according to ICODrops.
The crypto project’s co-founder, Zak Folkman, said the token sale initially faced difficulties because of who it was associated with.
Tron’s Justin Sun stepped in in November 2024, investing $30 million and later invested more.
World Liberty Financial (WFL) has closed a $590 million token sale ranking the project among the top 10 token raises according to data by ICO
Backed by the Trump Family, World Liberty Financial now ranks among the top 10 token raises according to ICODrops.
The crypto project’s co-founder, Zak Folkman, said the token sale initially faced difficulties because of who it was associated with.
Tron’s Justin Sun stepped in in November 2024, investing $30 million and later invested more.
World Liberty Financial (WFL) has closed a $590 million token sale ranking the project among the top 10 token raises according to data by ICO
World Liberty Financial Closes $590M Private Token Sale
Quick take:
Backed by the Trump Family, World Liberty Financial now ranks among the top 10 token raises according to ICODrops.
The crypto project’s co-founder, Zak Folkman, said the token sale initially faced difficulties because of who it was associated with.
Tron’s Justin Sun stepped in in November 2024, investing $30 million and later invested more.
World Liberty Financial (WFL) has closed a $590 million token sale ranking the project among the top 10 token raises according to data by ICO
Backed by the Trump Family, World Liberty Financial now ranks among the top 10 token raises according to ICODrops.
The crypto project’s co-founder, Zak Folkman, said the token sale initially faced difficulties because of who it was associated with.
Tron’s Justin Sun stepped in in November 2024, investing $30 million and later invested more.
World Liberty Financial (WFL) has closed a $590 million token sale ranking the project among the top 10 token raises according to data by ICO
Crypto Payments Platform RedotPay Closes $40M Series a Round Led By Lightspeed
Quick take:
The company plans to use the new capital to accelerate its product roadmap and expand its licensing footprint across multiple jurisdictions.
RedotPay’s crypto card and payment platform bridges the gap between traditional finance and cryptocurrencies, acting as an alternative to traditional banking for the unbanked.
The company claims to have over 3 million registered users globally.
RedotPay, a crypto card and payments platform, has completed a $40 million Series A round led by L
The company plans to use the new capital to accelerate its product roadmap and expand its licensing footprint across multiple jurisdictions.
RedotPay’s crypto card and payment platform bridges the gap between traditional finance and cryptocurrencies, acting as an alternative to traditional banking for the unbanked.
The company claims to have over 3 million registered users globally.
RedotPay, a crypto card and payments platform, has completed a $40 million Series A round led by L
MoonPay Buys Stablecoin Infrastructure Startup Iron to Expand Enterprise Payment Solutions
Quick take:
The acquisition follows MoonPay’s recent purchase of crypto payments processing infrastructure provider Helio in January.
Iron’s purchase allows MoonPay to offer stablecoin payments to enterprises, whilst unlocking “instant, low-cost, and borderless transactions.”
Iron’s developer-first APIs allow companies to move money in real-time, manage multi-currency treasuries, and generate new revenue streams from yield-bearing assets like U.S. treasuries.
MoonPay has announced the multi-
The acquisition follows MoonPay’s recent purchase of crypto payments processing infrastructure provider Helio in January.
Iron’s purchase allows MoonPay to offer stablecoin payments to enterprises, whilst unlocking “instant, low-cost, and borderless transactions.”
Iron’s developer-first APIs allow companies to move money in real-time, manage multi-currency treasuries, and generate new revenue streams from yield-bearing assets like U.S. treasuries.
MoonPay has announced the multi-
BTC Staking Platform Solv Bags $10M for Its Bitcoin Reserve Offering
Quick take:
Solv aims to establish a $100 million Bitcoin reserve.
The company plans to deploy the raised BTC in a variety of yield-generating tools including liquidity staking tokens, DeFi protocols, RWAs and institutional financial products.
The Bitcoin Reserve Offering reportedly combines traditional bond issuance with crypto-native features to promote the adoption of Bitcoin Finance.
Solv Protocol has raised $10 million for its Bitcoin Reserve Offering, looking to deploy $100 million in
Solv aims to establish a $100 million Bitcoin reserve.
The company plans to deploy the raised BTC in a variety of yield-generating tools including liquidity staking tokens, DeFi protocols, RWAs and institutional financial products.
The Bitcoin Reserve Offering reportedly combines traditional bond issuance with crypto-native features to promote the adoption of Bitcoin Finance.
Solv Protocol has raised $10 million for its Bitcoin Reserve Offering, looking to deploy $100 million in
Ripple Receives Dubai Approval to Offer Crypto Payments and Services in the UAE
Quick take:
The company already has approval to offer various crypto services in Singapore, Ireland, and multiple U.S. states.
Overall Ripple has received regulatory approval from over 60 regulatory authorities with the Middle East accounting for 20% of its global customer base.
The company plans to use its real-time settlement infrastructure to drive stablecoin adoption in the UAE.
Ripple has received a license from the Dubai Financial Services Authority (DFSA) to provide crypto payments an
The company already has approval to offer various crypto services in Singapore, Ireland, and multiple U.S. states.
Overall Ripple has received regulatory approval from over 60 regulatory authorities with the Middle East accounting for 20% of its global customer base.
The company plans to use its real-time settlement infrastructure to drive stablecoin adoption in the UAE.
Ripple has received a license from the Dubai Financial Services Authority (DFSA) to provide crypto payments an
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