DSCVR raises $9 million in its seed funding round

Launched last year, the startup has already onboarded over 100,000 users, produced one million posts and comments and generated millions of dollars in NFT rewards to users. DSCVR, a Web3 social network built entirely on a blockchain, today announced it has raised $9 million in its seed funding round led by Polychain Capital. “We initially created DSCVR as our personal experiment to see if it would even be possible to build a modern social web application on a...

Orbital adds support for USDC on Solana to its crypto-commerce sol.

Orbital has added support for USDC, on the Solana layer 1 blockchain protocol, to its crypto-commerce payment processing solution. USDC has been growing quickly over the last year, and is on course to become the largest stablecoin, both in the market and across Orbital’s clients – overtaking USDT on Tron, which the company also offers for crypto payments and corporate treasury solutions. Whilst cryptocurrencies can suffer from high volatility, reducing their attractiveness as an e-commerce payment method,...

Dragonfly Capital Launches New Liquid Platform

Dragonfly Capital (“Dragonfly”), a global crypto-focused investment firm, announced today the addition of a liquid platform. Dragonfly launched its inaugural liquid crypto fund in June 2021, which is managed by Kevin Hu, Ashwin Ramachandran, and Lawrence Diao. According to Dragonfly, as of April 2022, the liquid investment platform raised more than $450 million including internal capital and SPVs. Kevin Hu, Partner and Head of the Liquid Platform, said “We believe that the current market environment is especially attractive for liquid crypto assets...

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