Web3 app Kresus raises $25M to bridge consumers to blockchain
Kresus’ SuperApp aims to bridge more everyday consumers to digital goods, NFTs and other Web3 products and services.
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Kresus’ SuperApp aims to bridge more everyday consumers to digital goods, NFTs and other Web3 products and services.
The fundraising round included Polygon, Ripple, Octava, NEO Global Capital, Appworks, Sebastien Borget of The Sandbox, GSR, LD Capital, Metavest Capital and others.
2022 saw an overall decline in venture capital funding going into the blockchain and cryptocurrency space.
Companies negotiating with DWS Group include Deutsche Digital Assets, a crypto exchange-traded products provider, and market maker Tradias.
Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build.
The venture firm used its 15 million UNI holding against the deployment using the Wormhole bridge.
How much exposure does BlockFi have to Sam Bankman-Fried failed enterprises? A lot, according to accidentally leaked financials.
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcounts.
Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout.
“DeFi has proven to be a resilient and reliable option for users in the face of the overarching CeFi collapse in 2022,” said Eric Chen, CEO of Injective Labs.