{"id":179012,"date":"2023-10-22T20:24:13","date_gmt":"2023-10-22T14:54:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179012"},"modified":"2023-10-22T20:24:13","modified_gmt":"2023-10-22T14:54:13","slug":"crypto-funding-a-focus-on-decentralized-orderbook-exchanges-in-66m-week-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-funding-a-focus-on-decentralized-orderbook-exchanges-in-66m-week-crypto-news\/","title":{"rendered":"Crypto funding: A focus on decentralized orderbook exchanges in $66M week &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Eleven crypto startups pulled in a collective $66.7 million in new early stage funding rounds this week.\u00a0<\/p>\n<p>Coming in at number one was SynFutures with a $22 million series B fundraise. Pantera Capital led the round for the crypto and NFT futures DEX, along with Susquehanna International Group and HashKey Capital.<\/p>\n<p>Alongside this significant cash injection from top crypto venture capital firms, SynFutures also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/synfutures\/introducing-the-v3-public-testnet-28994fc29288\">debuted<\/a> version three of its exchange. For now, it\u2019s in a public testnet that can only be accessed via a desktop.<\/p>\n<p>The updated model for the platform relies on a new automated market maker (AMM) called Oyster. It features an on-chain order book, a new liquidation framework specifically for derivatives trading, and a way to provide liquidity through a single token of a trading pair.<\/p>\n<p><strong>Read more:<\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/news\/derivatives-trading-dex-funding\">SynFutures raises $22 million, introduces public testnet for v3<\/a><\/p>\n<p>Speaking of liquidity on DEXs, Elixir Protocol just raised $7.5 million to address that exact issue.\u00a0<\/p>\n<p>The funds for the DeFi protocol were raised at a $100 million valuation, with Hack VC leading the round. NGC Ventures, AngelList Ventures, Bloccelerate and various angels also invested.\u00a0<\/p>\n<p>With the additional cash now on hand, Elixir wants to help <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/tag\/dexs\">DEXs<\/a> and other protocols be able to adopt a decentralized order book model by helping provide liquidity to get trades off the ground.<\/p>\n<p>Upland, a metaverse aiming to mimic the terrain of the real world, raised $7 million on Friday as part of an extension of its 2021 series A round.<\/p>\n<p>Existing investors C3 Venture Capital and Animoca Brands contributed to the round as did new investor EOS Network Ventures.\u00a0<\/p>\n<p>Upland allows its users to own virtual property mapped to the real-world geography of Earth. And like our planet, real estate on Upland varies quite a bit in price depending on the location you choose, Upland chief of staff Danny Brown Wolf told Blockworks in September 2022.<\/p>\n<p>Blockworks previously reported that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/news\/upland-kaboom-nfts-crypto-fundraise-playground-us-access\">Upland users directed a fundraising campaign for a nonprofit building playgrounds<\/a> in communities that lack them.\u00a0<\/p>\n<p>As of last month, Upland has raised just shy of $90,000 for charitable causes through sales of in-game map assets, in other words, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/tag\/nfts\">NFTs<\/a>.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"other-notable-fundraises\">Other notable fundraises<\/h2>\n<ul>\n<li>Crypto price aggregator Coin Metrics raised over $6.7 million, according to a Wednesday <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1758833\/000175883323000002\/xslFormDX01\/primary_doc.xml\">SEC filing<\/a>.\u00a0<\/li>\n<li>Solana treasury asset manager Squads Protocol <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SquadsProtocol\/status\/1713968139023827056\">secured<\/a> $5.7 million in a round led by Placeholder with a smattering of other participating VCs.<\/li>\n<li>MyShell, an opBNB-based AI tool provider, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/myshell-ai\/myshell-secures-5-6-million-seed-funding-to-revolutionize-the-ai-native-app-landscape-b744327a235c\">received<\/a> $5.6 million in a seed round with INCE Capital, Folius Ventures, Hashkey Capital and more investing.\u00a0<\/li>\n<li>Beluga <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20231019826261\/en\/Beluga-Raises-4M-Seed-Round-to-Provide-a-Trusted-Platform-for-Crypto-Users-to-Invest-with-Confidence\">raised<\/a> $4 million in seed funding from head investor Fin Capital and over a dozen others. It\u2019s a platform designed to onboard newcomers into crypto and Web3.<\/li>\n<li>Darewise Entertainment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.animocabrands.com\/darewise-entertainment-raises-usd-3500000-in-token-presale\">raised<\/a> $3.5 million through a presale of an upcoming token meant to undergird its eventual Bitcoin metaverse offering.<\/li>\n<li>Third Time Entertainment, which created a token-based virtual horse race betting game, closed on a $2 million plus seed round.\u00a0<\/li>\n<li>Fileverse, a decentralized version of Google Docs and\/or Medium, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/fileverse\/status\/1714288331570471336\">announced<\/a> it raised $1.5 million on a pre-seed basis from companies, VCs and angel investors.<\/li>\n<li>Hardware wallet provider Ryder <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prweb.com\/releases\/ryder-announces-new-hardware-wallet-replacing-seed-phrases--1-2m-raise-from-oak-grove-ventures-trust-machines-muneeb-ali-sbx-capital--others-301962021.html\">raised<\/a> $1.2 million from multiple investors.<\/li>\n<\/ul>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n<p><strong>Don\u2019t miss the next big story \u2013 join our\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/newsletter?source=end\">free daily newsletter<\/a>.<\/strong><\/p>\n<p><strong>Follow Sam Bankman-Fried\u2019s trial with the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blockworks.co\/tag\/sbf-trial\">latest news from the courtroom<\/a>.\u00a0<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eleven crypto startups pulled in a collective $66.7 million in new early stage funding rounds this week.\u00a0 Coming in at number one was SynFutures with a $22 million series B fundraise. Pantera Capital led the round for the crypto and NFT futures DEX, along with Susquehanna International Group and HashKey Capital. Alongside this significant cash [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":179013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-179012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179012"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179012\/revisions"}],"predecessor-version":[{"id":179015,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179012\/revisions\/179015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179013"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}