Funding Roundup: A Web3 recruiting network announces $10M raise

Bondex, which seeks to gamify recruiting, announced a $10 million raise across rounds

article-image

Master1305/Shutterstock modified by Blockworks

share

It was a quiet week on the funding front, with only a handful of announcements coming out. 

Web3 recruiting network Bondex announced earlier this week it raised $10 million across rounds. According to a press release, venture capitalist firms Animoca Brands, Morningstar and Chainlink all participated in the rounds. 

The firm seeks to shift “incentives and demand away from middle men to reward and empower users […]” and “change the professional networking model so that the talent participates in the upside and economics of the social network they are bringing value to,” according to the press release. 

Bondex “gamifies” recruitment for both companies and job seekers by offering a token or USD bounty of up to $10,000 for successful hires. 

Read more: Web3 Watch: Telegram tap-to-earn is the new crypto gaming trend

The new capital, according to CEO Ignacio Palomera, will be used to “enhance the platform” as well as integrate it with Web3 and Web2 ecosystems so as to “take on legacy recruitment platforms with a twist of blockchain.”

According to Bondex, Binance, Chainlink and Blockchain.com all use the platform for hiring.

“Bondex is changing the game for future recruitment through Web3, enabling blockchain technology and the power of referrals to innovate against legacy platforms out there. We’re excited to be a part of that journey, and look forward to introducing the Web3 professional network across the Animoca Brands ecosystem,” Yat Sui, executive chairman at Animoca Brands, said. 

Other notable rounds:

  • Sonic, a gaming-focused Solana layer-2 network, announced it raised $12 million in a Series A round led by Bitkraft.
  • Farworld Labs, a gaming consortium native to Farcaster, announced a $1.75 million pre-seed funding round led by Lemniscap and Variant Funds.  
  • Router Protocol announced an oversubscribed strategic funding round, though it didn’t disclose an amount or participating firms.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

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

Research Report Templates.png

Research

ZKPs enable efficient offchain transaction processing and validation, resulting in increased throughput and reduced fees. Solana's ZK Compression leverages ZKPs to minimize onchain storage costs, while Sui's zkLogin streamlines user onboarding by replacing complex key management with familiar OAuth credentials.

article-image

North Korea suspected in breach of Indian exchange’s multisig wallet

article-image

Plus, Sanctum’s CLOUD token has officially launched — but not without problems

article-image

It’s not yet clear whether Donald Trump is pumping bitcoin. But an unofficial memecoin is still seeing benefit.

article-image

StarkWare takes a step towards making StarkNet for Bitcoin

article-image

The numbers point to one conclusion: Risk is back, or at least it was during the first half of the year