• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Kraken's $42.5 Million Funding: New Ventures on Optimism

user avatar

by Giorgi Kostiuk

a year ago

This week, Kraken took the spotlight by raising $42.5 million from Optimism for its Ink project.

Kraken's Funding

Kraken announced the launch of Ink, a new layer-2 on the Optimism blockchain. They will receive $42.5 million, which equals 25 million OP tokens. The total funds raised by the exchange to date now amount to $164.8 million.

Glow Labs Raises $30M

Glow Labs, a platform focusing on solar energy adoption, has raised $30 million from investors like Framework and Union Square Ventures.

Other Major Investments of the Week

Nillion raised $25 million, Ellipsis Labs collected $21 million, Chainway Labs received $14 million, and Gelato Network secured $11 million. Companies like Sapien AI and PumpBTC raised $10.5 million and $10 million, respectively. BitSmiley also garnered $10 million for its DeFi developments.

This week marked a significant milestone for crypto companies with several major investments highlighting the growing interest in blockchain technologies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mississippi College School of Law Introduces Mandatory AI Course for First-Year Students

chest

Mississippi College School of Law mandates a course on artificial intelligence for first-year students, reflecting the growing importance of AI in the legal field.

user avatarMiguel Rodriguez

Legal System Faces Challenges with AI Integration Amid Court Rulings

chest

The integration of artificial intelligence in the legal system is facing significant challenges due to recent court rulings, including concerns about the reliability of AI-generated information and the lack of attorney-client privilege for conversations with AI chatbots.

user avatarLuis Flores

Michael Arrington Highlights XRP's Role in Crypto Infrastructure Development

chest

Michael Arrington discusses the limitless potential of the XRP ecosystem and Ripple's role in developing essential infrastructure for the crypto industry.

user avatarArif Mukhtar

New York Takes Legal Action Against Coinbase and Gemini for Gambling Law Violations

chest

New York has filed lawsuits against Coinbase and Gemini for allegedly violating state gambling laws by offering prediction markets.

user avatarMaria Gutierrez

New York AG Letitia James Sues Coinbase and Gemini Over Illegal Gambling

chest

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini for allegedly operating illegal prediction markets without the necessary licenses.

user avatarDavid Robinson

Amazon Expands Partnership with Anthropic with $25 Billion Investment

chest

Amazon has announced a significant investment in AI startup Anthropic, enhancing their partnership with a total potential stake of $33 billion.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.