Crypto Infrastructure Company Blockdaemon Raised $207M From Tiger Capital and SoftBank

The blockchain infrastructure firm – Blockdaemon – raised $207 million in a Series C funding round led by Tiger Capital and Sapphire. Following the investment, the company increased its post-money valuation at $3.25 billion.The California-based organization finished 2021 on a positive net income trend and recently hired 150 full-time employees – mainly engineers. It also expanded its scope to Germany and Singapore.

Blockdaemon is a leader in the crypto space, offering users node operations and infrastructure tooling for blockchain projects. The company supports numerous networks, including Ethereum, Bitcoin, Solana, Polkadot, Terra, Cardano, Cosmos, and more through its Blockdaemon Marketplace. Nagraj Kashyap – Managing Partner at SoftBank Investments Advisers – opined that the expansion of the digital asset industry requires “secure, critical infrastructure.”

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto firm Fireblocks raises $550 mln, company valued at $8 blnFireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest financing rounds in the cryptocurrency sector in the last few years.
Source: Reuters - 🏆 2. / 97 Read more »

Grayscale Considering 25 More Crypto Assets for Investment Products – Altcoins Bitcoin NewsGrayscale has added 25 crypto assets to its list of assets under consideration for investment products. cryptocurrency PhantasmaChain $soul take a look now not the next year ftm 👍👍 $gala 🙏🏻
Source: BTCTN - 🏆 531. / 51 Read more »