Crypto VC funding: Kraken bags $42.5m from Optimism, Glow Labs raises $30m

CoinMarketCap11-03

This week, crypto exchange Kraken stole the show with its $42.5 million grant raise from Optimism. Kraken has disclosed its latest decision to launch Ink, a layer-2 on the Optimism (OP) blockchain. As...

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As...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/672656e81c9e8a5eeddb4059/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto VC funding: Kraken bags $42.5m from Optimism, Glow Labs raises $30m</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto VC funding: Kraken bags $42.5m from Optimism, Glow Labs raises $30m\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-03 00:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/672656e81c9e8a5eeddb4059/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This week, crypto exchange Kraken stole the show with its $42.5 million grant raise from Optimism.\nKraken has disclosed its latest decision to launch Ink, a layer-2 on the Optimism (OP) blockchain. As...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/672656e81c9e8a5eeddb4059/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0757428866.USD","symbol_name":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/672656e81c9e8a5eeddb4059/","article_id":"2480636879","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/d98a4daa6b6a40068ee744e76e6c0f12.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480636879","pubTimestamp":1730565863,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"This week, crypto exchange Kraken stole the show with its $42.5 million grant raise from Optimism.Kraken has disclosed its latest decision to launch Ink, a layer-2 on the Optimism  blockchain. As a part of the deal, Optimism has announced that they will offer $42.5 million, or 25 million OP tokens.This has brought the exchange’s funds raised to date to $164.8 million. Crypto.news dug deeper into the firms that raised the most capital from Oct. 27 to Nov 2.Here are the firms that bagged million-dollar amounts during this period, according to data from Crypto Fundraising.You might also like:  Trump meme coin spikes 40% after ex-President’s Milwaukee rally goes wrong. Glow Labs is a community-powered platform that aims at ramping up global solar energy adoption.The firm raised $30 million from Framework and Union Square Ventures.Nillion has raised $25 million from investors like Hack VC.So far, the decentralized network for secure storage has raised $50 million.The decentralized backend f","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","OP":"Oceanpal Inc","BK4021":"海运","VC":"伟世通","BK4124":"机动车零配件与设备"},"translate_title":"加密货币风险投资融资：Kraken从Optimism中获得4250万美元，Glow Labs筹集3000万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OP":1,"VC":1},"content_text":"This week, crypto exchange Kraken stole the show with its $42.5 million grant raise from Optimism.\nKraken has disclosed its latest decision to launch Ink, a layer-2 on the Optimism (OP) blockchain. As a part of the deal, Optimism has announced that they will offer $42.5 million, or 25 million OP tokens.\nThis has brought the exchange’s funds raised to date to $164.8 million. Crypto.news dug deeper into the firms that raised the most capital from Oct. 27 to Nov 2.\nHere are the firms that bagged million-dollar amounts during this period, according to data from Crypto Fundraising.\nYou might also like:  Trump meme coin spikes 40% after ex-President’s Milwaukee rally goes wrong \nGlow Labs, $30 million\n\nGlow Labs is a community-powered platform that aims at ramping up global solar energy adoption.\nThe firm raised $30 million from Framework and Union Square Ventures.\n\n\n\n\n❗️Ethereum-based solar project Glow Labs raised $30 million in fundingAmong the round investors are @hiFramework and @usv. The company secured $6.5 million to help fund Glow’s operations in addition to $23.5 million. 👉 https://t.co/ZgJ0vkScCE pic.twitter.com/POMcDKjhu3— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) October 31, 2024\n\n\n\nNillion, $25 million\n\nNillion has raised $25 million from investors like Hack VC.\nSo far, the decentralized network for secure storage has raised $50 million.\n\n\n\n\nWe are excited to announce a total of $50M raised, with our latest $25M round led by @hack_vc. pic.twitter.com/pFkey0oqQ7— Nillion (@nillionnetwork) October 30, 2024\n\n\n\nEllipsis Labs, $21 million\n\nThe platform that builds sustainable and efficient DeFi protocols has raised $21 million from HAUN.\nEllipsis Labs has raised a total of $23.3 million to date.\n\n\n\n\n1/ We're excited to announce our $21M fundraise led by @HaunVentures to accelerate the development of verifiable finance.This round includes continuing support from our previous investors @ElectricCapital, @aeyakovenko, and @paradigm. pic.twitter.com/i8r4H0QkFB— Ellipsis Labs (@ellipsis_labs) October 31, 2024\n\n\n\nChainway Labs, $14 million\n\nThe blockchain infrastructure company focused on Bitcoin, Ethereum, and Zero Knowledge technology has raised $14 million in a Series A round from Founders Fund and other investors.\nChainway Labs has raised $16.7 million so far.\n\n\n\n\nToday, we announce our $14M Series A led by @foundersfund, joined by @maven11capital, @mirana, @erikvoorhees, @balajis, @bitfish1, @0xMert_ & more.This will help us expand Bitcoin from digital gold to an active, programmable asset, with @CitreaOrigins driving this expansion 🧵 pic.twitter.com/DxkgoeLERH— Citrea (@citrea_xyz) October 31, 2024\n\n\n\nGelato Network, $11 million\n\nGelato Network has raised $11 million in a Series A round led by HACK VC.\nThe decentralized backend for web3 has raised $23.2 million to date.\n\n\n\n\nWe raised $11M from @hack_vc, @IOSGVC, @animocabrands to build Web3's most advanced RaaS Platform.Our funding will be used to power the growing wave of rollups on Gelato, such as the newly unveiled @inkonchain from Kraken.This brings our total funds raised to $23 million ↓ pic.twitter.com/aJtCFyNNtQ— Gelato (@gelatonetwork) October 28, 2024\n\n\n\nSapien AI, $10.5 million\n\nSapien is a gamified Web3 platform where users play and train AI by completing various challenges.\nThe firm has raised $10.5 million in a seed round led by Variant.\n\n\n\n\nWe’re thrilled to announce our $10.5 million in seed funding, led by @variantfund 🎉The Sapien network now spans 70 countries and is growing 50% MoM with help from onchain partners like @worldcoin and @YieldGuild. 🌎Read the Full Story: https://t.co/P2XtYYsGhP pic.twitter.com/sRSnndwsMA— Sapien AI (@SapienGamified) October 30, 2024\n\n\n\nPumpBTC, $10 million\n\nThe liquid staking platform has raised $10 million in a seed round.\nLead investors include SevenX Ventures, Mirana Ventures, etc.\n\n\n\n\n1We are thrilled to announce the successful closure of our $10 million seed round.Led by @SevenXVentures and @mirana.Participating investors included @UTXOmgmt, @0xMantle Ecosystem Fund, @sevenseas_c, @IstariVentures, @ArcaneGrp, @CoinSummerLabs, @ShardingCapital, and 10K… pic.twitter.com/ccLN9fSe87— PumpBTC (@Pumpbtcxyz) October 29, 2024\n\n\n\nBitSmiley, $10 million\n\nBitSmiley encompasses a stablecoin, a lending platform, and a derivatives protocol.\nThe firm raised $10 million from various investors like Nxgen, IBC Group, etc.\n\n\n\n\n😃Let's SMILE for $SMILE! 😃We are stoked to announce that we have closed a successful $10M Round 2 funding to drive BTC-backed DeFi innovation! With backing from major players like @nxgen_xyz @ibcgroupio @CaCapital_@PragmaVentures @CapitalZephyrus @MH_Ventures @verisventures… pic.twitter.com/liWc6D5bve— bitSmiley | bitUSD (@bitsmiley_labs) October 28, 2024\n\n\n\nNotable crypto VC funding rounds under $10 million\n\nSpire Labs raised $7 million in a seed round.\nAlliance Games raised $5 million in a Series A round.\n81Ravens raised $4.5 million in a seed round.\nPhylax Systems raised $4.5 million in a pre-seed round.\nNitro Labs raised $4 million in a seed round.\nMagmaDAO raised $3.9 million in a seed round.\nNative raised $2.6 million in a seed round.\nAxal raised $2.5 million in a pre-seed round.\nStreamflow raised $1.9 million.\nCap Labs raised $1.9 million in a pre-seed round.\nKRNL Labs raised $1.7 million in a pre-seed round.\n\nHave a peek at last week’s column here.\nRead more:  The gaming revolution: how cryptocurrency is reshaping virtual worlds","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480636879"}