Crypto funding: Membrane Labs lead a $59M week
Also, a new Google-enabled crypto wallet could sell to the general public
Gevorg Simonyan/Shutterstock modified by Blockworks
Seven crypto startups raised about $59 million this week.
Account Labs raised $7.7 million to build a self custodial, Polygon-based UniPass Wallet, which will reportedly be focused on peer-to-peer stablecoin transfers.
Also a boon for the upcoming wallet: it’s enabled by Google. Specifically, this means users can use existing Google logins to set up a new address.
This is slightly similar to how Trust Wallet works — since, like UniPass, it uses Google login as a form of authentication — though Trust Wallet uses multi-party computation. UniPass won’t initially be available for iPhones, since the app Android-only at present.
Other notable fundraises
- Untangled Finance, which deals in tokenized assets and other products, secured $13.5 million in a seed funding round.
- RepubliK, a platform for Web3 creators to monetize their work, raised $6 million at a $75 million valuation from OKX Ventures and others.
- NFT-based fantasy horse racing provider Game of Silks raised $5 million.
- On-chain data analytics platform Parsec raised $4 million, with Galaxy Digital leading the round.
Updated Oct. 16, 2023 at 12:30 pm ET: Removed references of a Blockaid funding round.
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