ChainCatcher news, according to The Block, the provider of on-chain fund management solutions for DAOs, Karpatkey, announced the completion of a $7 million funding round. The investors in this round include AppWorks Ventures and Wintermute Ventures, as well as a number of well-known angel investors, such as Joe Lubin from ConsenSys, Stani Kuchelov from Avara, and Fernando Martinelli from Balancer Labs.It is reported that Karpatkey is a non-custodial on-chain asset management infrastructure that provides financial services for leading DAOs. The newly acquired funds will be specifically used to expand the range of services offered by Karpatkey to more DAOs and accelerate its expansion into traditional financial institutions.

ChainCatcher news, GnosisDAO approves the spin-off of Karpatkey into an independent entity. Karpatkey has been part of GnosisDAO since 2021.After the spin-off, Karpatkey will operate independently, using its own KPK governance token, and plans to expand its business beyond traditional Web3 services. This move is part of Gnosis's strategy to support blockchain application development and improve the Web3 ecosystem.

ChainCatcher news, the ENS DAO has chosen a new fund manager ------ Karpatkey DAO to manage its funds. Karpatkey DAO is a DeFi fund management organization originally incubated by Gnosis Ltd, currently managing over $397 million in assets.It is reported that the initial size of the new ENS fund, Endaoment, will be between $52 million and $69 million, with an expected return rate of 5.83%. The fund will primarily use low-risk, medium-complexity DeFi strategies, such as providing liquidity for automated market makers. (source link)