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

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

Long before BlackRock’s ETF, there was the Winklevoss Bitcoin Trust

article-image

Mainnet goes live with a 16-node federation, promising five-second block times, low fees and Bitcoin-native DeFi

article-image

Sponsored

WalletConnect Certified is not just a recognition program, it’s a movement to improve how users onboard, transact, and engage across the onchain ecosystem

article-image

In crypto investing, quantity has a quality all its own.

article-image

REX and Osprey prep to launch their Solana staking ETF

article-image

A 40% allocation to crypto today is safer than a 1% allocation was in 2021, Ric Edelman argues