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Sequoia backs blockchain scaling startup StarkWare at $2 billion valuation

TechCrunch

As the crypto world continues to heat up, developers are clinging to the Ethereum network despite its general struggle to meet the stresses of a global network’s transaction load. In August, Lightspeed backed startup Offchain Labs in a raise that valued the blockchain scaling company at $1.2 billion fund.

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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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Lightning Labs raises funding to enable stablecoin transfers through Bitcoin network

TechCrunch

Lightning Labs is building infrastructure that would enable users to send money across the world almost instantaneously and at a low cost through the Bitcoin network. Bitcoin’s Lightning Network is currently used by El Salvador, which recognizes the cryptocurrency as legal tender and major companies and crypto exchanges such as Kraken.

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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents.

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Vega raises $5M to give anyone the ability to launch a derivatives market

TechCrunch

Vega Founder Barney Mannerings launched the Vega project in 2018 with the mission of giving anyone the ability to create and launch a derivatives market. The startup launched its ‘t estnet’ (a testing version of its network, as the name implies) in the second quarter of 2020 and has had a number of iterations since.

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Decentralized exchange aggregator 1inch grabs $175 million in token sale

TechCrunch

And yet, blockchains are supposed to be decentralized. I definitely hope centralized exchanges go burn in hell as much as possible,” Vitalik Buterin said in a TechCrunch interview back in 2018. Over the past few years, many teams started working on decentralized exchanges across different blockchains.

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Vessel Capital emerges from stealth with $55M fund focused on web3 infrastructure and apps

TechCrunch

We want to meet new founders who might not already be in our network,” Uddin said. Crypto has become more global, so it’s not the same circle and group you might have seen in 2018-2020, and we want to be able to help more people.” The fund is “evergreen” and has the potential for the capital pool to be increased, he added.