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

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

Bayarjavkhlan Ganbaatar28 minutes ago

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

Mohamed Farouk28 minutes ago

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

Diego Alvarez31 minutes ago

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

Elias Mukuru31 minutes ago

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.