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.
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.
