ChainCatcher news, British venture capital firm Molten Ventures has written down the value of its holdings in cryptocurrency wallet provider Ledger and digital bank Revolut Ltd., which provides cryptocurrency trading, indicating a more cautious approach towards tech startups and the crypto industry.In its annual report released on Thursday, Molten Ventures stated that as of March 2023, the fair value of its investment in Ledger was £71.8 million, down 22% from £91.9 million in 2022. The valuation of its investment in Revolut dropped 40% during the same period, falling to £54.5 million. Overall, the fair value of Molten's total investment portfolio decreased by 16% year-on-year to £1.4 billion.Reports indicate that over the past year, the crypto industry itself has been affected by a series of high-profile company collapses, price declines, and regulatory backlash, dampening investor expectations for growth. According to PitchBook data from April this year, venture capital investment in crypto companies plummeted to $2.4 billion in the first quarter, the lowest level since 2020, down 80% from the record high of $12.3 billion in the same period last year. (Source link)

ChainCatcher news, Belgian blockchain platform as a service provider SeattleMint announced the completion of a $16 million Series A funding round. This round was co-led by Molten Ventures and OTB, with participation from Medici Ventures, Fujitsu Ventures, Allusion, and Bloccelerate. The funding will be used to improve its platform, further enhance its low-code products, solidify its position in Europe, MEA, India, and Singapore, and accelerate expansion into the Japanese market to meet customer demands.It is reported that SettleMint is a low-code platform for blockchain application development, enabling engineering teams to build, integrate, and launch applications on Web3 infrastructure. (Source link)

ChainCatcher news, the enterprise-level blockchain platform SettleMint, based in Belgium, announced the completion of a €16 million Series A funding round, led by Molten Ventures, with participation from OTB Ventures, Fujitsu Ventures, Allusion, Bloccelerate, and investor Medici Ventures, LP.It is reported that SettleMint's "Blockchain Platform as a Service" (BPaaS) helps enterprises and development teams build blockchain applications and platforms, eliminating the complexity of blockchain technology and providing users with a set of ready-to-use tools, frameworks, templates, and APIs. They plan to leverage their market position in Europe (Belgium), MEA (Dubai), India (Delhi), and Singapore, and will expand into the Japanese market. (source link)

Chain Catcher news, metaverse infrastructure developer Hadean announced the completion of a $30 million Series A funding round, led by Molten Ventures, with participation from Epic Games, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and InQTel. The funds from this round will be used by Hadean to build a secure, interoperable, and scalable metaverse infrastructure.It is reported that Hadean can provide metaverse capabilities for Epic's Unreal Engine and support technology for the popular game Fortnite. In addition, Hadean has also engaged in strategic partnerships with video game giants such as Sony and the parent company of Minecraft. (The Block)