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Sequoia backs blockchain scaling startup StarkWare at $2 billion valuation

TechCrunch

To speed and cheapen transactions on Ethereum, developers are looking toward so-called Layer-2 (L2) blockchains, which build on the Ethereum network, offloading the computational stresses while still writing transaction data to the main network. This latest raise values the Israeli startup at a whopping $2 billion. billion fund.

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Stanford cryptography researchers are building Espresso, a privacy-focused blockchain

TechCrunch

If blockchain technology is to reach true mass adoption, it will have to become cheaper and more efficient. Low transaction throughput on some of the most popular blockchains, most notably Ethereum, has kept gas fees high and hindered scalability. million funding round last week. . million funding round last week. .

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Blockchain gaming unfazed by crypto volatility as gamers ‘seek out entertainment’

TechCrunch

People have a tendency to couple crypto markets with blockchain games and content, but actually it’s only as appropriate as linking tech stocks on Nasdaq with the businesses of tech companies. While the future of the industry was in question amid the bear market of 2018, there has been tremendous validation and progress since then, Yung said.

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Subspace Labs raises funding for a more scalable, sustainable blockchain

TechCrunch

As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand. . New projects are aiming to tackle issues like notoriously high energy use, hefty gas fees and low transaction throughput that are plaguing some of the major blockchain networks.

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Blockchain infra startup Tenderly raises $40M after seeing 500% YoY revenue growth

TechCrunch

Tenderly, a startup that aims to make it easier for web3 developers “of all skill sets” to build blockchain products, has raised $40 million in a Series B round of funding – just months after closing on its Series A. It now covers a whole range of blockchains such as Ethereum, Avalanche, Fantom, Optimism and Arbitrum.

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Cryptocurrency wallet and blockchain tech startup imToken raises $30 million Series B

TechCrunch

ImToken , the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Founded in 2016, the startup’s last funding announcement was for its $10 million Series A, led by IDG, in May 2018.

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SoftBank co-led $66 million round for blockchain-focused InfStones

TechCrunch

Despite shaky markets, a steady stream of investors continue writing big checks for blockchain infrastructure providers. InfStones , which aims to help clients build applications across a number of blockchain platforms, closed a $66 million round led by SoftBank Vision Fund 2 and GGV Capital, the company announced on Wednesday.