Nillion closed a strategic funding round valued at $20 million as part of its ongoing efforts to promote decentralization without blockchain technology. Over 150 investors participated in the round, including Big Brain Holdings, Chapter One, GSR, Hashkey and SALT Fund. Nillion’s founding team includes former executives of Uber, Hedera Hashgraph and Indiegogo. The company has also recruited executives formerly of Coinbase and Nike.
The DeFi sector held up to scrutiny during the centralized finance contagion of 2022. As reported by Cointelegraph,DeFi’s Next Big Thing: Liquid Staking DerivativesSui Blockchain’s Ethos Wallet closed a $4.2 million seed round in January led by Boldstart Ventures and gumi Cryptos Capital. Ethos is a digital wallet that allows users to store their crypto and NFTs using a Chrome extension.
in support of Sui, with backers that included Coinbase Ventures, Jump Crypto, Andreessen Horowitz and the now-defunct FTX Ventures.
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