polychain capital – RE3W.IO

Web3 Developer Platform Fleek Raises $25 Million In Series A Round Led by Polychain Capital

admin — Fri, 02 Dec 2022 23:13:15 +0000

Fleek is a web3 developer platform. The company just raised $25 million in a Series A round led by crypto-focused venture capital firm Polychain Capital. Other investors in the round included Protocol Labs, Arweave, Coinbase Ventures, Digital Currency Group, North Island Ventures, Distributed Global, The LAO, and Argonautic Ventures.

Fleek’s co-founder and CEO is Harrison Hines. The new capital is supposedly going towards the development and launch of a decentralized content and application delivery network called Fleek Network. The project will be launching in the spring of 2023.

Current CEO, Harrison Hines, stated:

“There are several decentralized storage and data protocols such as Filecoin and Arweave, those protocols share a common problem in that they can’t query the files, data, or content from the networks stored on them. From the consumer side, developers or projects needing a content delivery network can provide content to the Fleek Network. Fleek accelerates that content using a decentralized network of nodes. Consumers prepay for the bandwidth in the native FLK tokens.”

Uniswap Labs Raised $165M In Series B Round Led By Polychain Capital

admin — Fri, 14 Oct 2022 23:08:13 +0000

Uniswap Labs has raised $165 million in a Series B round led by investment firm Polychain Capital. Other participating investors included a16z, Paradigm, SV Angel, and Variant. The capital will supposedly go towards building out its web app and developer tools, NFT launch, and increased support for mobile users.

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Uniswap Labs had only just recently revealed their acquisition of NFT marketplace aggregator Genie. Now, the decentralized exchange has raised $165 million in a Series B round led by crypto-focused investment firm Polychain Capital. Other participating investors included a16z, Paradigm, SV Angel, and Variant. The capital will supposedly go towards building out its web app and developer tools, NFT launch, and increased support for mobile users.

Genie is an NFT marketplace aggregator that gives users access to libraries of NFTs, available across different marketplaces, and makes it so that they can see and trade NFTs across these platforms.

Users know Uniswap as a decentralized way to swap a wide variety of tokens. The new acquisition has brought non-fungible tokens to Uniswaps’ platform – which launched this fall, 2022.

NFTs were integrated into their products, starting with the Uniswap web app, where users will soon be able to buy and sell NFTs across all major marketplaces. They also plan to integrate NFTs into their developer APIs and widgets, in the hopes of making Uniswap a more comprehensive platform for users and builders in web3.

Hayden Adams is the well-known inventor of the Uniswap Protocol and CEO at Uniswap Labs.

Hologram Labs, The Company Who Creates Virtual Avatars Has Just Raised $6.5 Million In Capital

admin — Tue, 19 Jul 2022 16:41:55 +0000

Hologram Labs is described as an “all-in-one platform for virtual beings”. They just announced that the company has raised $6.5 million in seed funding. Polychain Capital led the round, with participation from Nascent, Inflection, The Operating Group, Quantstamp, Neon DAO, Foothill Ventures, and South Park Commons. Hologram Labs have stated that they will use the money to expand the team with several key hires and increase capacity to support the rapidly growing influx of partnership requests.

Pow Mao and Hongzi Mao are the co-founders of Hologram and began working on the project back in December of 2021. The San Francisco company lets individuals use non-fungible token (NFT) images or characters as avatars, and they can use those avatars to represent themselves as a lip-synced character in a Zoom or Google Meet call. The whole aim is to enable avatars to move across applications, much like you would expect them to do in the metaverse, the universe of virtual worlds that are all interconnected.