A major hiring company based in Japan, Recruit has recently invested in a blockchain start-up named COTI. Recruit then explained, “Instead of acquiring shares in return for our investment, we raise funds for startup companies via the use of tokens, and through this investment, promote both the development of blockchain technology as well as public awareness of it.”
Barclays (a London Headquartered investment bank) is leading Series A funding round of the Crowdz (a blockchain based invoice exchange from Silicon valley) with $5.5 million. The CEO of Crowdz, Payson Johnston said, “Today, small and midsize businesses often have to wait for a financially crushing 90 to 120 days or more to get paid. It’s no wonder that more than half of them suffer cash-flow problems during any given year.”
In a panel discussion at Consensus 2019 called “Custody: The New Global Competitive Landscape” predicted that collaboration between crypto and traditional custodians to grow. CEO of Coinbase Custody Sam McIngvale agreed with the other speakers, adding that selling custody is ultimately selling trust and a track record. The lack of trusted custodial solutions remains a deterrent to potential professional and institutional investment in crypto assets.
FantasyCryptos combines both the excitement and engagement by having the potential of winning a payout that is much greater than your entry fee. Currently, they are launching services exclusively to residents of the United States of America, with the exception of some region. Playing on FantasyCryptos is the ultimate virtual experience for crypto investing. They are launching with freeroll tournaments (giveaways) and real money tournaments with small field size.
Predicoin gives crypto investors a one-stop social media update. They are building a cryptocurrency data analytics platform that aims to aggregate information, analyze the data and derive trends in price and sentiment. They’re working on solutions to help investors track cryptocurrency content and quickly extract insight. Pierre Alexandre Picard, Cofounder explained, “we want to leverage the abundance of data in the crypto market to track and, one-day, be able to anticipate market changes.”
A blockchain powered social marketplace, SOMA has unveiled that they have successfully secured a €1.1M worth of fund which includes the investment from the Finnish Government. One of the co-founders of SOMA, Jukka Homola explained, “These funds will empower SOMA to continue our strong growth trajectory,” and added, “SOMA is in a very good position going forward.”
The blockchain-powered art registry named Artory has shared in an announcement that they have successfully raised more than $7 million in Series A funding round. The founder of Artory project, Nanne Dekking explained referring to their project, “They are building something that has to be vetted, accurate and easily searchable to show the depth of information behind every artwork.”
As an effort to accelerate the development project by ConsenSys, the firm is seeking approximately $200 million to fund the project development studio by the co-founder of Ethereum, Joe Lubin. The company is also approaching the Chinese investors to fund the project which is based on a $1 billion valuation.
$200 million funding has been secured by Bithumb, from Japan’s ST Blockchain Fund. The parent company of Bithumb, the Blockchain Exchange Alliance (BXA) explained, “The fund shared our vision of creating a global digital exchange platform that can efficiently transfer value across borders with lower costs, which was the key rationale behind this investment decision.”
The blockchain development company, Horizen Labs, Inc. has successfully raised $4 million in developing blockchain solutions for business. The CEO of Horizen Labs, Rober Viglione commented, “Through Horizen Labs’ proprietary Sidechain-as-a-Service platform, we aim to let companies benefit from the high-level security of Horizen, a privacy-focused blockchain platform with the largest node network in the industry.”