2024-11-22
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BlockBeats News, November 22nd, according to official sources, Accolade Partners, an investment firm focusing on venture capital, private equity growth, and blockchain strategy, announced that its third blockchain-focused fund has been successfully raised. Accolade Blockchain III is the company's dedicated blockchain fund, which completed its fundraising in October 2024, with a total commitment of $202 million.


Accolade, founded in 2000, manages approximately $6.1 billion in funds, covering various areas such as venture capital, private equity growth, and blockchain strategy. Its investments span across foundational protocols, supporting infrastructure, decentralized finance, stablecoins, Decentralized Physical Infrastructure Network (DePIN), Web3 games, decentralized AI, and other sectors. It has previously invested in 1kx, Archetype, Framework Ventures, Parafi, Portal, Reverie, and Varrock.

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BlockBeats News, November 22nd, according to official sources, Solana-based DeFi project Exponent announced the completion of a $2.1 million fundraising round, led by RockawayX, with participation from Solana Ventures, Cherry Ventures, Mechanism Capital, Robot Ventures, and others.


It is reported that Exponent's flagship product, Income Tokens, has introduced a new asset class to Solana DeFi. Regardless of market fluctuations, they allow participants to earn fixed income on Solana (for example, on a lending protocol).

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BlockBeats News, November 22nd, according to The Block, Truemarkets, a market-based news and entertainment platform, raised over $4 million through a public NFT sale. It raised $4.03 million by selling 15,071 NFTs, with a minting cost of 0.08 ETH (approximately $250) per NFT. Ethereum co-founder Vitalik Buterin purchased 400 of these NFTs, spending a total of 32 ETH (around $107,000).


Truemarkets' NFT sale sold out quickly, following the success of Polymarket, indicating retail investors' continued interest in decentralized prediction platforms.


Truemarkets allows users to bet on real-world events. Truemarkets offers two types of NFTs: Oracle Patron NFT and Truth Seeker NFT. NFT holders are eligible to claim upcoming TRUE token airdrops in the platform's token generation events.

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2024-11-21

BlockBeats News, November 21st, according to documents filed this month at the UK Companies House, crypto wallet Deblock, founded by former Revolut and Ledger executives, has completed a £13.3 million (approximately $16.8 million) seed funding round. The funding was led by Headline, Hoxton, 20VC, and Chalfen, among others.


In August 2022, former Revolut cryptocurrency lead Jean Meyer, payment lead Aaron Beck, and Ledger former engineering lead Mario Eguiluz co-founded Deblock. Later that year, the startup poached Revolut's Chief Operations Officer for Europe, Adriana Restrepo, to serve as its fourth co-founder.


The Deblock app is currently only available in France, where it operates under the supervision of electronic money institutions and digital asset service providers.

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2024-11-20

BlockBeats News, November 20, according to PR Newswire, Crypto entertainment gaming platform Monkey Tilt announced the completion of a $30 million Series A funding round, led by Pantera Capital, with participation from Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah. The latest funding round brings the total funding to over $50 million.


Reportedly, Monkey Tilt was launched in early 2024, combining prediction games, sports, poker, and cryptocurrency. The platform plans to launch a cryptocurrency trading gamified product in the first quarter of next year.

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2024-11-19

BlockBeats News, November 19th, Decentralized Finance Liquidity Solution System Barter announced the completion of a $3 million seed round of financing, led by Maven11, with participation from Lattice, Anagram, Heartcore, DCG, and Daedalus Angels.


Barter, founded in 2023, is primarily engaged in on-chain transaction matching and settlement. The company plans to use this funding to expand the team, accelerate research, and continue developing the DeFi tool AppChain that connects liquidity and order flow.

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BlockBeats News, November 19th, according to Fortune report, stablecoin company Noble has completed a $15 million Series A funding round, led by Paradigm.


Noble has raised a total of $18.3 million and has partnered with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs, and Monerium. The platform currently manages assets totaling over $458 million.

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BlockBeats News, November 19th, Luluchain, a project dedicated to transforming social scene data into quantifiable value virtual assets (Emotional World Assets), announced that it has completed a $5 million institutional funding round at a $50 million valuation. The round was led by DG Capital, with participation from Smo Capital, LD Block, Unionblock vc, and Blockin.venture.


Each of them has a deep background and rich experience in blockchain, finance, investment, and other fields. Their collaboration with Luluchain will undoubtedly inject new momentum into the industry, ushering in a new stage full of opportunities and innovation.


Luluchain is a unique blockchain platform that integrates AI+Web2 social scene+Web3 decentralized finance, with its underlying infrastructure developed based on Comsos SDK.

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BlockBeats News, November 19th, according to official sources, Staking protocol developer Alluvial has completed a $4.3 million strategic financing round with Variant leading the investment. Other participants include Ethereal Ventures, Brevan Howard Digital, Fidelity's venture capital arm F-Prime Capital, and Nascent. This funding round brings Alluvial's total funding to $22.5 million.


As the supporter of the Liquid Collective staking standard, Alluvial will use the new funds to drive the development of an enterprise-grade staking solution. Data shows that Liquid Collective is currently one of the fastest-growing protocols on Ethereum, with a TVL of over $374 million, a 360% growth in the past year, and has gained support from 13 major platforms such as Coinbase, Anchorage, and Fireblocks.

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BlockBeats News, November 19th, Decentralized AI Cloud Service Heurist announced the completion of a $2 million funding round, with participation from Amber Group, Contango Digital, Manifold Trading, Selini Capital, X Ventures, Sharding Capital, Blue7 Capital, Mozaik Capital, Zephyrus Capital, Origin Capital, Steroids Capital, DCF God, among others. The new funds are intended to support its efforts to address centralized cloud limitations, expand serverless AI, and build community-owned infrastructure.

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