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.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

ao cover.jpg

Research

Arweave recently launched the testnet for AO computer, a new messaging protocol that will sit atop a PoS network and aims to become a scalable global compute platform through parallel processing and modularity.

article-image

The “fastest-growing ETF in history” has seen net inflows on every trading day since its Jan. 11 launch

article-image

Relm and Chainproof will provide insurance quotes to distributed validators

article-image

DLC.Link uses a Taproot-based Bitcoin multisig to let institutions mint dlcBTC, starting on Arbitrum

article-image

Pre-seed Bitcoin startup deals rose 360% in 2023, a TVP report shows

article-image

Circle’s new smart contract to allow holders of BlackRock USD Institutional Digital Liquidity Fund to redeem shares for its stablecoin

article-image

Uniswap says it was not surprised to receive a Wells notice given the SEC’s “abusive” use of power as of late