Blockworks Raises $12M at $135M Valuation

Dan Tapiero’s 10T Holdings led the investment, with participation from Framework Ventures and crypto angel investor Santiago Santos

article-image

Blockworks co-founders Jason Yanowitz and Michael Ippolito

share

Blockworks has closed a $12 million fundraise with a valuation of $135 million, the crypto media firm announced Tuesday. 

The company will use the investment, led by 10T Holdings, to expand Blockworks’ product suite and Research platform, co-founders Michael Ippolito and Jason Yanowitz said. 

“Our core belief is that crypto is an entirely new asset class,” Yanowitz added. “As crypto grows, industry participants will need a media and information platform that arms them with the information they need.”

Since launching in 2018, Blockworks has built out its conference program to include the Digital Asset Summit, an institutionally-focused event moving to Washington, D.C. in 2024 to reflect the intensifying regulatory landscape, and DeFi-forward Permissionless, slated for September of this year. 

The team also added a news platform in 2021 and unveiled its data and research product in 2022. Blockworks Research now offers GovHub, a platform that tracks protocol proposals across the industry. 

Investment participants include Framework Ventures and crypto angel investor Santiago Santos. 

The news comes as venture funding in the crypto space slows. Galaxy Digital reported this month that investors put $2.4 billion into crypto-focused companies in the first quarter of 2023, marketing the lowest quarter in around 2 years. The median deal size for the first quarter of the year came in at $2.5 million, down from 2022 third-quarter highs of $4.5 million. 

“We’re excited to raise this capital to continue investing in building high-quality content and products that service our audience,” Yanowitz said.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (10).png

Research

Innovations on Aptos’ technical design through Raptr, Shardines, and Zaptos approach near-optimal latency and throughput by unlocking 100% utilization of network resources, with the capacity to settle 260k transactions per second with latencies less than 800ms. The original Move language was revamped with the launch of Move 2, supporting more expressivity in smart contract logic and a scalable ability to interact with high volume datasets. The ecosystem has benefitted from strong asset inflows, now hosting over $1.3B in stablecoins, $450M in bridged BTC, and $530M in RWAs. Activity in the Aptos ecosystem has grown notably over the past year, with monthly application revenue reaching ~$835k and monthly DEX volumes growing to over $5B, both at new all time highs.

article-image

Interchain Labs will focus on sovereign L1s and institutional demand, abandoning plans for smart contracts on the Cosmos Hub

article-image

Also, only three tokens have outperformed bitcoin so far this year: XMR, HYPE and SKY

article-image

The fund group has submitted proposals in recent months for other funds that would hold litecoin, solana, XRP, HBAR, Sui and others

article-image

Momentum’s back — BTC leads, risk assets follow

article-image

Ondo Finance’s acquisition of blockchain development company Strangelove follows its buy of Oasis Pro

article-image

Cryptocurrency and stock traders alike had a lot to unpack Wednesday