Tags : VCs

Market

NFT Rentals: Why VCs Are Backing a Puzzling New Project

Some non-fungible tokens (NFTs) come with exclusive perks. A project helping holders monetize those benefits – all while maintaining long-term ownership – has raised $1.5 million in a seed round led by Animoca Brands. ReNFT announced the funding round on Friday. In addition to Animoca, the year-old decentralized autonomous organization (DAO) behind the rentable NFT platform […]Read More

Bitcoin

Silicon Valley VCs and BNY Mellon announce $170 million investment

The Bank of New York Mellon, known as BNY Mellon, is one of several investment firms investing in Fireblocks, a startup platform for digital asset custody. Fireblocks will raise  $170 million in its Series C venture capital investment, according to Forbes. BNY Mellon plans to use Fireblocks’ technology for its custodian services, in an attempt […]Read More