Main Points related to Bitcoin, web3, Ethereum, and cryptocurrency:
- 32 blockchain startups raised over $202 million in funding between Aug. 18 and Aug. 24.
- Story Protocol secured $80 million in its series B funding round led by Andreessen Horowitz.
- Sorella Labs raised $7.5 million for Ethereum blockchain development tools.
- Corn collected $6.7 million in a seed round for its Ethereum layer-2 network.
- BSX Exchange received $6.2 million for its decentralized derivatives protocol on Ethereum L2 network Base.
- Orderly Network secured $5 million for a web3 liquidity layer project.
- Soulbound, Stork Network, and Thalex raised a combined total of over $12 million in funding.
Story Protocol, $80 million Funding Highlights in the Crypto VC Space
Story Protocol recently raised $80 million in its series B funding round. The round was led by Andreessen Horowitz and included investors like Polychain Capital, Hashed, Samsung Next, and SparkLabs Global. This funding brings Story Protocol’s total funding to $140 million and values the company at $2.25 billion.
Sorella Labs Achieves $7.5 million in Funding for Ethereum Blockchain Tools
Sorella Labs, based in San Francisco, secured $7.5 million in funding to advance the development of tools for identifying maximum extractable value activities on the Ethereum blockchain. Paradigm led this funding round, with participation from Nascent, Uniswap Ventures, Robot Ventures, and Bankless Ventures. The company plans to expand its operations and accelerate the development of key products, Brontes and Angstrom, with the new capital.
Corn’s Success in Crypto VC with $6.7 million Seed Round for Ethereum Layer-2 Network
Corn, an Ethereum layer-2 network utilizing tokenized Bitcoin as gas, raised $6.7 million in a seed round led by Polychain Capital. Binance Labs, Framework Ventures, and Polygon co-founder Sandeep Nailwal also participated in the funding. Corn aims to establish a unique ecosystem to address challenges faced by decentralized networks, enhancing liquidity and token utility.
