The latest Series C funding round worth $250 million was led by popular venture capitalist Mary Meeker through her Kleiner Perkins’ growth fund.
Post this latest funding round, Coinbase valuations have climbed above many of the top-ten cryptocurrencies except Bitcoin, Ethereum, and XRP.
Andreessen Horowitz has made a new investment in the developing crypto industry. a16z has committed a total of $15 million to the MakerDAO project.
The new funding, the startup says, will go on the further development of its decentralized computing system and other projects, including expansion of its staff.
A number of prominent companies participated in $32 million Series B funding round of Axoni, the software developer from New York.
The new a16z crypto fund will be focused towards investing in cryptocurrency projects and companies with a long-term goal spanning to over a decade.
Tokenization platform TrustToken has just raised $20 million in its ICO with the help of Andreessen Horowitz (a16z) and other venture corporations.
Along with Coinbase there were eight participants in this $8.2 million seed-funding round.
Basis’ Stable Coin is believed to help curb volatility by adjusting the supply depending on the demand while keeping the value of each token around one USD.
While we have been discussing for years about the idea of the Internet that is completely free from surveillance and censorship, Orchid Labs aims to achieve this using blockchain technology.