Aligned Layer, a startup touted as a “universal verification layer for Ethereum,” confirmed Sunday, April 14, that it raised $2.6 million in seed funding. Lemniscap, a seven-year-old firm that has backed multiple companies in the crypto blockchain space, led the effort. The firm previously led the $2.4-million funding round for web3 startup Safary in January. Bankless Ventures...
Ethereum layer-2 blockchain LightLink secured $6.2 million in funding during an extended seed round. Institutional and individual investors participated in the effort. “No further rounds planned [at the moment],” the company stated in a social media post on Saturday, April 6. LightLink extended the seed round due to high demand from investors. The startup ended up receiving an additional...
The volume of venture investments in the crypto industry reached $2 billion in the first quarter of this year. Crypto Koryo experts noted that the $2 billion figure broke a two-year downward trend and notched a 38% increase in investments compared to the fourth quarter of 2023. The number of transactions increased by 49% to 250. Although...
The zkSync decentralized exchange project, ZigZag, has accused the decentralized gambling platform ZKasino of fraud, claiming that the money used to build ZKasino was stolen from the ZigZag Treasury. ZigZag founder Kedar Iyer called out ZKasino founders on X, saying: “They would claim they were taking money out to pay developers for building the ZigZag frontend,...
