Crypto Deal Flow: August 10–13
- 1inch| $2.8m | Binance Labs and others| seed
The 1inch Dex Aggregator raised $ 2.8m from Binance Labs Lead Investor and Co-Investors Galaxy Digital, FTX, Dragonfly Capital, Greenfield One, Libertus Capital, IOSG, Divergence Ventures, LAUNCHub Ventures, Kyber Network Founder — Loi Luu and Founder of NEAR protocol — Illia Polosukhin. 1inch allows you to interact from a single interface and with minimal slippage with decentralized protocols MultiSplit, Mooniswap (liquidity pool from the 1inch team), Oasis, Kyber, Uniswap (v1 and v2), Balancer, Bancor, 0x Relays, Airswap.
2. ConsenSys| $20m | JPMorgan
JPMorgan is going to invest $20m in the ConsenSys Ethereum incubator. In total, it is planned to raise $50m. The Ethereum ecosystem will continue to grow. Hope that Ethereum 2.0 will work well soon, the network fees are now prohibitive.
3. IOST| $1m | DeFi program
IOST opens a $1m program to fund DeFi projects on their network. Oracles, DEX, cross-chain protocols, lending services, derivatives and stablecoins are especially welcome. Another blockchain is fighting for DeFi.
4. Chia Network| $5m | Slow Ventures and others| equity
Chia Network raised $5m from lead investor Slow Ventures and co-investors IDEO, Collab Crypto and private investor Naval Ravikant. Development is led by Bram Cohen, creator of BitTorrent. The team is developing their blockchain with a focus on large corporations and governments, of course, with a focus on DeFi. In all rounds since 2017, the team has already raised $16m.
Chia Network: https://www.chia.net/
5. Near| $35m | token sale on Coinlist
Near held a token sale on Coinlist, albeit on the second try, as the site fell completely on the first. On the second attempt, it also fell, but, apparently, the right people entered, so they did not make the third attempt. During the token sale, about $35m was raised (the sale took place in several cryptocurrencies with automatic conversion to USDc).
Info about Near: https://coinlist.co/near
6. MicroStrategy| 21454 BTC are bought
On August 6, we already talked about the fact that a large company MicroStrategy plans to invest $250m in alternative assets. More specific news came out this week. The company acquired 21,454 BTC. Corporations are starting to store their reserves in an asset that cannot be depreciated by the actions of governments and monetary authorities.