Fund Raising:

• CoW protocol, which underlines the decentralized exchange CowSwap, has raised $23 million via a token round, according to a release. The protocol raised $15 million in the stablecoin USDC in a round closed to specific investors, including Blockchain Capital, Cherry Ventures, and Ethereal Ventures. The remaining funds in ether (ETH), gnosis (GNO) and xDAI were raised from 5,000 members of its community, known affectionately as its "CoWmunity". CowDAO was able to spin out from Gnosis DAO by paying back 10% of the funds raised via this round. GnosisDAO is a decentralized infrastructure for the Ethereum ecosystem and the Gnosis Chain is an EVM compatible blockchain designed for fast and inexpensive transactions.

Projects Brief:

• prePO is a decentralized trading platform allowing anyone, anywhere to speculate on the valuation of any pre-IPO company or pre-token project.The mission of prePO is to democratize pre-public equity-transforming a world of financial exclusion into a world of permissionless access. In last July prePO  announced the close of a $1.1M USD Seed Round supported by The LAO and founders from mStable, Illuvium, Alchemix, dHedge. This month prePO Raised $2.1M in Strategic Round led by Republic Capital and IOSG Ventures. Now prePO has announced its Token and utility.

Crypto Insight:

• A Foray into Blockchain Scalability by Jump Crypto.
• Automated Market Makers (AMMs): Versioning Up

***The above are not investment advice, please do your own research.  You also can follow us on Twitter, Telegram, Discord or subscribe the Newsletter here.