ChainCatcher news, the decentralized finance platform Legends announced the completion of a $15 million funding round, with participation from a16z and Coinbase Ventures.It is reported that Legends will attempt to become a more useful self-custody wallet than existing wallets like Metamask or Coinbase Wallet.

ChainCatcher news, the DeFi platform Legends has completed a $15 million funding round, with participation from a16z and Coinbase Ventures. The company will use the funds raised in this round to accelerate the development of the Legend application by expanding the team and focusing on marketing.Legend is currently in the testing phase, with the company's focus on launching in the Apple App Store and building a reliable user base. In the future, it plans to generate revenue through subscriptions. Legend will aim to become a self-custody wallet, allowing users to have complete control over the digital wallet of their held cryptocurrencies.

ChainCatcher news, the Web3 asset data platform RootData released the chart "2024 Portfolio Institutions with the Most Listings on Upbit," with Coinbase Ventures leading the way with 9 investments, followed closely by Multicoin Capital and Polychain with 6 investments each. The specific rankings of the listed institutions are as follows:Coinbase Ventures 9 investmentsMulticoin Capital and Polychain 6 investmentsOKX Ventures, HashKey Capital, The Spartan Group 5 investmentsPantera Capital, GSR, IOSG Ventures, Jump Capital, Stani Kulechov, Sandeep Nailwal, Bixin Ventures 4 investmentsFrom the ranking of the listed institutions, it can be seen that these institutions are driving some promising investments in the crypto space.

ChainCatcher news, according to TheBlock, Coinbase Ventures and a16z Crypto Startup Accelerator (CSX) announced a new strategic investment in Skyfire, a payment company focused on artificial intelligence. This investment increases Skyfire's total seed funding from the previous $8.5 million to $9.5 million. Currently, Skyfire is building infrastructure that allows AI agents to make autonomous payments, avoiding human intermediaries.Additionally, the Web3 asset data platform RootData shows that Skyfire is the financial stack of the AI economy, providing an instant, global, and open payment system for AI agents to conduct fully autonomous transactions between AI agents, law masters, data platforms, service providers, and other goods and services. The Skyfire payment network also unlocks the fastest-growing consumer segment globally for LLMs, data, and service providers—AI agents. Empowered by Skyfire, AI agents will be able to leverage a vast digital service ecosystem for everything from data analysis and content creation to complex problem-solving and decision-making, all without human supervision. All these transactions will be supported by the stablecoin USDC.

ChainCatcher news, according to The Block, the Solana-based creator engagement platform DRiP announced the completion of an $8 million seed round financing, led by NFX, Progression, and Coinbase Ventures. Other participants include previous seed round lead investor Placeholder, 6th Man Ventures, and over 30 angel investors.DRiP stated that the funds will be used to accelerate creator onboarding, launch a consumer-facing mobile application, expand creator tools and platform feature development, and increase marketing efforts to attract new users.

ChainCatcher news, according to CoinDesk, the Vega network supported by Coinbase Ventures has also joined the competition in the prediction market, launching its own prediction-focused upgrade. Vega is a blockchain and decentralized exchange (DEX) that uses Cosmos network infrastructure, and it is one of many crypto platforms focused on perpetual futures (a tool for speculating on future asset prices).It is reported that Vega's prediction market differs from Polymarket in that it is more like an open framework rather than a fully functional betting application.

ChainCatcher news, Payman founder Tyllen posted that PaymanAI has completed a $3 million pre-seed funding round, with investors including Visa, Coinbase Ventures, Boost VC, Deepwater Management, The Spartan Group, Untapped VC, Theory Forge VC, and others. Other investors include Protofund VC, Systemic Ventures, Metropolis DAO, as well as Olympic gold medalists Viktor Axelsen, Devin Walsh, Kenneth Kuo, and other angel investors. PaymanAI is dedicated to ushering in a new era of AI payments to humans, enabling AI to pay humans for completing tasks such as marketing.In addition, Tyllen stated that PaymanAI supports fiat and USDC payments, with USDC set to launch in a few weeks.

ChainCatcher news, Nansen stated on social media that since the DEX and liquidity market Aerodrome based on Base announced the market acquisition of $AERO tokens by Coinbase Ventures, they have found that the Coinbase Ventures address has purchased at least 4.7 million $AERO (approximately $2.7 million). Additionally, the TradingVaults used by Coinbase Ventures also hold 1.5 million $AERO (approximately $936,000).The last batch of purchases was completed 8 days ago, and all acquired tokens are locked within the Aerodrome ecosystem.

ChainCatcher news, Ampleforth protocol development company Fragments announced that the Ampleforth Foundation's decentralized low-volatility commodity currency SPOT project has completed a $1 million strategic round of financing, with participation from Coinbase Ventures.It is reported that SPOT aims to combine the characteristics of fiat currencies such as the US dollar and assets like gold or Bitcoin to create a "fully decentralized" and "significantly low-volatility" asset that can be used in the on-chain economy. The project team stated that SPOT does not intend to maintain stability like stablecoins. The SPOT flatcoin, currently available on Ethereum, will also be launched as part of the protocol on Coinbase's incubated Layer 2 network Base.

ChainCatcher news, according to LatamList, Colombian crypto wallet company El Dorado announced the completion of a $3 million seed round financing, led by Multicoin Capital and Coinbase Ventures. Before completing this round of financing, El Dorado also joined the Skydeck accelerator program at the University of California, Berkeley.It is reported that El Dorado operates a peer-to-peer cryptocurrency wallet that allows users to make cross-border payments and earn additional income through stablecoin trading. The new funds will be used to expand the user base and improve security features to meet compliance requirements.

ChainCatcher news, according to The Block, the Web3 content publishing platform Paragraph has not only acquired the Ethereum-based blogging platform Mirror but also raised $5 million in new funding, with this round led by Union Square Ventures and Coinbase Ventures. Paragraph founder Colin Armstrong will serve as CEO, while Mirror founder Denis Nazarov will take on an advisory role.

ChainCatcher news, according to official sources, the company Reya Labs, which is developing the modular L2 Reya Network, announced the completion of a $10 million funding round. Investors include Coinbase Ventures, Wintermute, Fabric Ventures, Framework Ventures, Brevan Howard Digital, Amber Group, and Robot Ventures.It is reported that Reya Network is dedicated to creating liquidity, capital efficiency, and performance for DeFi traders and liquidity providers, and plans to use this new funding to promote its liquidity generation event (LGE) in April. The first DEX on the network, Reya Perps DEX, is set to launch soon.

ChainCatcher news, the Web3 verification protocol Witness has completed a $3.5 million seed round financing, led by Haun Ventures and Coinbase Ventures.The funds raised will be used to develop a verification protocol to address gas fees and scalability issues in the crypto space, with team members primarily coming from companies such as Paradigm, Google, and Facebook.

ChainCatcher news, according to The Block, the Bitcoin cross-chain DEX project Portal has completed a $34 million seed round financing, with investments from Coinbase Ventures, Arrington Capital, OKX Ventures, and Gate.io Ventures.It is reported that Portal is a cross-chain atomic swap protocol based on Bitcoin. Its two main products are a decentralized trading platform and a wallet. It is said that the structure of this round of financing is a combination of a Simple Agreement for Future Equity (SAFE) and convertible notes.

ChainCatcher news, the Web3 enterprise finance platform Integral announced a strategic investment from Coinbase Ventures and a partnership with Coinbase. Integral will provide accounting solutions for Coinbase Prime clients, covering assets held both internally and externally by Coinbase.Integral plans to use the funds to provide Prime clients with data covering all their assets and to develop complementary solutions, such as accounts receivable and accounts payable automation, to further facilitate Web3 business operations.According to the crypto data platform RootData, Integral announced the completion of a $8.5 million funding round last September, led by Electric Capital, with participation from former Coinbase CTO Balaji Srinivasan, Color Genomics co-founder Elad Gil, Hustle Fund, Mantis, Maple VC, Anchorage founder Diogo Monica, and Dapper Labs founder Roham Gharegozlou.

ChainCatcher news, the oracle and VRF service provider Supra announced that it has completed over $24 million in financing. This round of financing was participated in by Animoca Brands, BCW, Coinbase Ventures, FiveT Fintech (formerly Avaloq Ventures), Galaxy Interactive, Hashed, HashKey, Huobi Ventures, No Limit Holdings, Prosus Ventures, Razer.com, Republic Crypto, Shima Capital, Signum Capital, SMO Capital, Sound Ventures, Sublime Ventures, UOB Venture Management (United Overseas Bank), and Valor Equity Partners.Joshua Tobkin, CEO and co-founder of Supra, stated that Supra will provide provably fair high-performance oracle services for DeFi developers and end consumers.

ChainCatcher news, the cross-chain protocol Socket Protocol announces the completion of a $5 million financing round, with participation from Coinbase Ventures and Framework Ventures. The new funds will be used to expand the collaboration between Socket and Coinbase, including providing cross-chain services for developers and users of Coinbase Wallet and the Base network.

ChainCatcher news, California-based blockchain technology startup Cymbal announced the completion of a $18.5 million financing round, which was participated by First Round Capital, Solana Ventures, CAA Connect, Coinbase Ventures, Patron, GV, Acrew, and UTA Ventures. The funds from this round will be used to expand the business and increase development efforts.It is reported that Cymbal is building a "readable" Ethereum blockchain explorer that transforms complex on-chain data into visual and easy-to-understand transaction summary analyses, such as wallet portfolio rankings, the number of NFT buyers, sales figures for specific crypto projects, etc., making it easier for ordinary users to understand. Currently, Cymbal supports the analysis and processing of Ethereum blockchain data, with plans to expand to the Solana blockchain in the future.

ChainCatcher news, according to CoinDesk, the cross-chain trading infrastructure zkLink has completed a $10 million strategic financing round, with participation from Coinbase Ventures, Ascensive Assets, SIG DTI, BigBrain Holdings, and Efficient Frontier. So far, zkLink's total funding has reached $18.5 million. The fundraising will help drive zkLink's mainnet launch in the third quarter. (Source link)