DeNet Raises $1 Million after Closing Seed Funding Round

Tuesday, 26/10/2021 | 22:50 GMT by Felipe Erazo
  • The firm is building an ecosystem based on decentralized data storage that targets NFTs users.
DeNet Raises $1 Million after Closing Seed Funding Round
Finance Magnates

DeNet, a decentralized multichain storage platform, announced today that it had closed a seed round, raising $1 million. According to a press release shared with Finance Magnates, DeNet is building an ecosystem based on decentralized data storage, targeting users seeking high data security services and NFTs storage.

The main participants of the round were Spartan Group, consulting and investment company; NGC Ventures, an investment company out of Singapore; Axia8 Ventures, a venture company out of Shanghai; Red Building Capital, a techno-venture company out of Taiwan; Mr. Block, a well-known crypto-angel.

With the chosen participants of the round, DeNet aimed to target the Asian market.

Today, a token offering platform, CoinList raised $100 million in Series A funding, setting its valuation at $1.5 billion. With the token issuance market’s figures skyrocketing over the past year, the funding comes at a time when demand is on the rise. Participants include HashKey Capital, Access Ventures, Alphemy Capital, Broadhaven Ventures, Continue Capital, CMT Digital, DFG, FBG Capital, Fenbushi Capital, executives from GoldenTree Asset Management, Hack VC, Jsquare, LD Capital, Metaplanet, Perpetual Value Partners, Rising Tide Fund and Taavet+Sten.

FTX Funding Round

Moreover, FTX, a major cryptocurrency Exchange , saw a massive jump recently in its valuation after the latest Series B-1 investment round. The company has raised $420 million in the recent funding round and received a valuation of $25 billion.

In H1 of 2021, global cryptocurrency users increased by more than 100%. With growing adoption, leading players in the crypto ecosystem saw a sharp increase in their valuations. The $25 billion valuation makes FTX one of the most valuable cryptocurrency exchanges in the world. Leading global investors, including Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital and Lightspeed Venture Partners participated in the funding.

DeNet, a decentralized multichain storage platform, announced today that it had closed a seed round, raising $1 million. According to a press release shared with Finance Magnates, DeNet is building an ecosystem based on decentralized data storage, targeting users seeking high data security services and NFTs storage.

The main participants of the round were Spartan Group, consulting and investment company; NGC Ventures, an investment company out of Singapore; Axia8 Ventures, a venture company out of Shanghai; Red Building Capital, a techno-venture company out of Taiwan; Mr. Block, a well-known crypto-angel.

With the chosen participants of the round, DeNet aimed to target the Asian market.

Today, a token offering platform, CoinList raised $100 million in Series A funding, setting its valuation at $1.5 billion. With the token issuance market’s figures skyrocketing over the past year, the funding comes at a time when demand is on the rise. Participants include HashKey Capital, Access Ventures, Alphemy Capital, Broadhaven Ventures, Continue Capital, CMT Digital, DFG, FBG Capital, Fenbushi Capital, executives from GoldenTree Asset Management, Hack VC, Jsquare, LD Capital, Metaplanet, Perpetual Value Partners, Rising Tide Fund and Taavet+Sten.

FTX Funding Round

Moreover, FTX, a major cryptocurrency Exchange , saw a massive jump recently in its valuation after the latest Series B-1 investment round. The company has raised $420 million in the recent funding round and received a valuation of $25 billion.

In H1 of 2021, global cryptocurrency users increased by more than 100%. With growing adoption, leading players in the crypto ecosystem saw a sharp increase in their valuations. The $25 billion valuation makes FTX one of the most valuable cryptocurrency exchanges in the world. Leading global investors, including Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital and Lightspeed Venture Partners participated in the funding.

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
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About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 43 Followers

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