FinTech news in Dragonfly Capital category
OP3N’s chat-based product, Superapp, aims to bridge the gap between Web 2.0 and web3 through implementing blockchain and decentralized technologies into Web 2.0-friendly interfaces. So going forward, Ma realized OP3N has to bridge the traditional market into web3 in a way that’s more understandable.
The crypto industry doesn’t have a cohesive way for people to search for information across channels in a way that traditional search engines like Google do for mainstream information.
The startup was founded in March 2022 by Katz and Parker Jou, CTO of Caldera, in an effort to simplify the process of creating app-specific blockchains so builders can create layer-2 blockchains in the span of hours, opposed to months or years, the team said.
Cameroon’s Ejara raises $2M to offer crypto and investment services in Francophone Africa Chateau-Diop – who noted that Ejara has seen revenue growth 10x and achieved a 15% month-on-month transaction volume growth since last October despite crypto’s meltdown – expects users on the platform to reach 100,000 by the end of the year. By providing users in Francophone Africa with an option to buy, sell, exchange and store their crypto investments, CEO Nelly Chatue-Diop and her co-founder Baptiste Andrieux saw an opportunity to increase crypto activity in the region. With this product, the Cameroonian fintech asserts that users do not need to set up a bank account to access savings products but can instead start that journey with Ejara by downloading its app and depositing a minimum of 1,000 CFA franc (~$1.5). Ejara, a Cameroonian fintech offering an investment app that allows users to buy crypto and save through decentralized wallets, has raised $8 million in Series A investment.
The company’s co-founder and CEO Kevin Li said that while Goldsky closed the seed round before this summer’s dropoff in crypto prices, the company’s focus on infrastructure has given it an edge to weather bear market conditions. By automating the creation of data pipelines, Goldsky enables its customers to spend more time working on building their core products rather than parsing the data feeding into those products, Li explained. While there are other startups such as The Graph working to solve similar problems, Li said Goldsky’s differentiation lies, in part, in its focus on providing accurate real-time data to companies. Goldsky, a data infrastructure company for crypto startups, has raised $20 million in a seed round led by Felicis and Dragonfly Capital.
OP Crypto is raising $100 million for its new investment, dubbed ‘Fund of Funds’, to deploy capital into emerging fund managers focused on early-stage crypto investments.
The crypto market is showing no signs of slowing down as funds and investors alike continue to deploy massive amounts of capital into the ecosystem. Today’s evidence of the trend: Dragonfly Capital, a crypto-centered investment firm, closed its third venture fund for $650 million, the firm’s managing partner, Haseeb Qureshi, told TechCrunch. The fund was \[…\]
The investors behind virtual hack.summit(), the world’s largest blockchain programmer event, have launched a $200 million crypto seed fund under the Hack VC umbrella, fund partner Alex Pack told TechCrunch in an interview. Ed Roman, formerly a solo GP, invested in early-stage tech and crypto companies for over 10 years through Hack VC before partnering \[…\]
Many crypto detractors contend that the web3 space is buoyed by meme money, so Coatue leading a $69,420,000 Series B in a blockchain startup shouldn’t leave them too surprised. The investment — made in crypto analytics platform Dune Analytics — brings the startup valuation to $1 billion.
Ancient8, Vietnam blockchain gaming guild, develops a community and software platform to enable everyone to play P2E (play-to-earn) games and build the metaverse while earning rewards.