Fund Raising:
- Lightning Labs unveils Taro protocol for Lightning Network stablecoins as it raises $70 million，This round was an equity-based Series B funding round, led by Valor Equity Partners and Baillie Gifford, the asset manager. Goldcrest Capital, Kingsway, Moore Strategic Ventures, Brevan Howard, Robinhood CEO Vlad Tenev, NYDIG, and Silvergate CEO Alan Lane also participated. Taro Protocol, which allows developers to transfer stablecoins from the Bitcoin network to the Lightning Network to realize stablecoin transactions on the Lightning Network, more reference about Taro Protocol here .
- Boba Network, an Ethereum Layer 2 optimistic rollups scaling project , has raised $45 million in Series A funding at a $1.5 billion valuation.Investors included Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Will Smith-led Dreamers VC and M13 Ventures (founded by Paris Hilton's husband, Carter Reum). There was no lead investor for the round.This funding round is by a token sale, the investors bought the BOBA token at a higher price than its current market price of around $1.50. BOBA's current fully diluted valuation stands lower at about $740 million.
- Blockchain project NEAR Protocol has raised $350 million in a funding round led by Tiger Global, with participation from Republic Capital, Hashed, FTX Ventures, Dragonfly Capital, and others.The new funding will help NEAR increase "the number of regional hubs in key community centers across the globe,” according to a company statement.
Projects Brief:
Crypto Insight:
- Why Web3? by Fred Wilson of USV
- Crypto Outlook for Q2 2022
- Ronin Attack Shows Cross-Chain Crypto Is a ‘Bridge’ Too Far
***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.