Cointime

Cointime

Download App
iOS & Android
Home / Financing

Poolz Has Made a Strategic $2.5M Investment in Gifto

Poolz, a decentralised cross-chain IDO platform built on top of Web 3.0 infrastructure, announced a strategic partnership with Gifto, the first-ever virtual gifting protocol, on January 22nd. As part of this collaboration, Poolz Ventures, the capital firm of Poolz, is investing $2.5M in GTO to support Gifto’s new roadmap for 2023.

Gifto is the first launchpad project in Binance and its mission is to bring new users into the Web3 ecosystem through a variety of products, including a user-friendly Web3 wallet and a store for content creators. The upcoming product rollout for Gifto in 2023 presents an opportunity for both Gifto and Poolz to strengthen their user bases and explore new opportunities for their ecosystems.

Poolz, which enables crypto projects to raise funds for emerging projects, shares a similar mission to Gifto and values with Gifto and is committed to supporting the arrival of Gifto new products in the present year. This investment demonstrates Poolz’s focus on innovative blockchain projects and its commitment to supporting the growth and development of the Web3 ecosystem.

Binance Web3
Comments

All Comments

Recommended for you

  • Bitcoin scaling network Mezo completes $7.5 million in financing, led by Ledger Cathay Fund

    Bitcoin scaling network Mezo has completed a $7.5 million financing round, with Ledger Cathay Fund leading the investment and Mantle EcoFund ecosystem projects from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol, and Bybit participating. This round of financing brings its total funding to $30 million.The new funds will be used for Mezo's plan to expand the adoption of its network, including integrating more products into its network, such as its Bitcoin staking platform Acre.

  • LayerPixel Completes $2 Million Seed Round Led by Kenetic Capital

    LayerPixel, a DeFi solution based on TON, announced the completion of a $2 million seed round of financing, led by Kenetic Capital, with participation from Foresight Ventures, Waterdrip Capital, VentureSouq, Web3 Port Foundation, Microcosm Research, TMM Club, and dozens of angel investors. It is reported that this funding will help LayerPixel accelerate the development and integration of its DeFi solution suite in the Telegram Mini App ecosystem, fundamentally changing the way users interact with decentralized finance in the Telegram environment.

  • Web3 startups raised $3.7 billion in funding in the first half of 2024, showing signs of recovery

    According to the latest report from Crunchbase, Web3 startups raised $3.7 billion in the first half of 2024. Although this number decreased by 18% compared to the first half of 2023, it increased by 42% compared to the second half of last year. Quarterly, Web3 startups raised over $2 billion in the second quarter of 2024, slightly higher than the $1.8 billion raised in the first quarter, but down 18% from the $2.2 billion raised in the same period last year. However, after eight consecutive quarters of decline, Web3 startups have seen two consecutive quarters of funding increases. In addition, although the total amount of funding has increased, there have been few large financing rounds, with only seven rounds raising over $50 million.

  • Liquidity staking protocol Kintsu completes $4 million seed round

    Liquidity collateral agreement Kintsu has completed a $4 million seed round of financing, led by Castle Island Ventures, with participation from Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, CMS Holdings, Animoca Ventures, and others.

  • OpenSocial Protocol Completes $6 Million Strategic Financing

    OpenSocial Protocol announced the completion of a $6 million strategic financing round, led by Framework Ventures and North Island Ventures, with participation from Hivemind Capital Partners, Stratos, Moonrock Capital, and others. Its total financing amount has reached $26 million so far.

  • Caldera Raises $15 Million in Series A Funding to Expand Metalayer Interoperability Ecosystem

    Caldera, a platform that enables developers to quickly create layer-2 blockchains, has raised $15 million in a Series A funding round led by Founders Fund, Peter Thiel's investment firm. The funds will be used to expand Caldera's team and build out the Metalayer, an interoperability ecosystem that simplifies the process of launching applications across multiple blockchains. Caldera currently offers a user-friendly interface for launching layer-2 "rollup" chains that record data to Ethereum, with the ability to select a rollup ecosystem and customize components to fit specific use cases.

  • Pudgy Penguins parent company completes over $11 million in financing

    Igloo, Inc., the parent company of Pudgy Penguins, has announced the completion of a financing round of over $11 million, led by Founders Fund and with participation from Distributed Capital, 1kx, Everest Ventures Group, and Selini Capital. Igloo plans to invest this strategic financing into the development of its new business, Cube Labs, which will oversee and contribute to the development of Abstract, a new consumer-focused blockchain aimed at mainstreaming encryption. Abstract is incubated by the non-profit organization Abstract Foundation, which will enable billions of people to go on-chain for the first time, and its testnet will be launched soon.

  • SingularityNET announces $53 million investment in AI infrastructure and modular supercomputers

    SingularityNET, an artificial intelligence platform developer, announced an investment of $53 million in a decentralized modular supercomputer for general artificial intelligence (AGI). It is reported that the first phase will invest $26.5 million in the supercomputer, including Ecoblox's modular data center solution, graphics processing units (GPUs) and processors from companies such as Nvidia, AMD, and Tenstorrent, as well as AI servers from Asus and Gigabyte. The supercomputer will optimize the training of deep neural networks and large language models, promoting AGI's continuous learning and self-improvement.

  • Cointime July 7th News Express

    1, Ethereum L2 TVL rebounds slightly to above $39 billion

  • Binance: Bitcoin miners record longest streak of net selling since 2017

    Binance released its market insights for July, including:

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company