Institute Journal: Morpho – $50 million, Andrena – $18 million

The cryptocurrency industry is attracting an increasing number of institutional players. This can be seen with new investments in infrastructure and the increasing attention that companies are paying ​​to Bitcoin as an asset class. The most important events of the past weeks are in the ForkLog review.

Protocol Landing Morpho raises $50 million

Decentralized landing gear protocol developer Morpho has closed a $50 million funding round.

We’re excited to announce that Morpho has secured $50M, led by Ribbit Capital!

The funding from Ribbit and other strategic partners further expands Morpho’s rollout and supports its mission to make financial infrastructure a public benefit. pic.twitter.com/9coxxRKKwn

— Morpho Labs 🦋 (@MorphoLabs) August 1, 2024

It was led by Ribbit Capital with participation from a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, Kraken Ventures, Hack VC, IOSG, Rockaway, L1D, Semantic and others.

Andrena’s DePIN project raised $18 million for DAWN development

Solana based developer DEPIN– DAWN protocol – Andrena – closed Series A funding round in the amount of $18 million, reports The Block.

It was led by Dragonfly with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures and ParaFi.

According to Andrena co-founder Neil Chatterjee, the round was “hugely oversubscribed” – it was originally intended to raise $5 million The total amount of funding for the project reached $38 million, it was not publish an evaluation.

DEX aggregator Aidatify Raises $17.5 Million at $150 Million Valuation

Data collection by decentralized exchanges based on artificial intelligence, Aidatify closed a Series A funding round in the amount of $17.5 million, its valuation reached $150 million, he says in a press release.

The round was led by SM Capital with participation from other strategic investors. The money raised will be used to expand the ecosystem and product list.

Aidatify uses advanced artificial intelligence technologies to analyze large amounts of data on blockchain and provide financial services.

DeFi Betting Platform DuelNow Raises $11 Million

Decentralized sports betting platform DuelNow has closed an $11 million funding round led by GEM Digital Limited.

📢 DuelNow has received $11M investment.
💡 Stay tuned for more updates.
👏 Thank you to our investors.

🔔 @MorningstarInc#CryptoNews #CryptoCommunity #CryptoInvestors pic.twitter.com/YO58AfiQVO

— DuelNow (@getduelnow) August 2, 2024

Established peer-to-peer platform Decision focus on reducing commissions to get higher payouts. According to a press release, DuelNow is serving fans today NBA, MMA, The NFL and GLB.

Cloud AI company Hyperbolic raises $7 million

Blockchain-based AI cloud company Hyperbolic has closed a $7 million seed round.

We are thrilled to announce a $7M raise to become the leading Open-Access AI Cloud 🤘🏼🌪️

At Hyperbolic, we’re building an open AI ecosystem and economy where everyone who contributes is rewarded. Our goal is not just to optimize AI performance to compete with traditional Web2… pic.twitter.com/pXTvmK98yO

– Hyperbolic (@hyperbolic_labs) July 30, 2024

It was led by Polychain Capital and Lightspeed Faction with participation from Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, Third Earth Capital and business angels.

Hyperbolic uses blockchain to ensure the security and integrity of the network. The company aims to reduce the consumption of AI computing resources by pooling computing power from GPUs.

Web3 game studio Curio raised $5.7 million

Games web 3– Curio studio closed a funding round of $5.7 million, reports The Block.

The investment round was led by Bain Capital Crypto and SevenX Ventures, with participation from OKX Ventures.

The total funding amount for the project has reached $8.7 million. The money raised will be used to expand the team.

Curio also launched the online social strategy game Duper. According to the rules, five players must consult and deceive the team. The studio said Duper is “as fun as poker, if not more.”

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