Privy, a New York-based company that builds APIs for developers to onboard users to consumer crypto products, has secured $18 million in Series A funding. The funding round was led by Paradigm, with participation from existing investors such as Sequoia Capital, BlueYard Capital, and Archetype. The company plans to use the funds to expand its operations and development efforts. Privy's infrastructure processes millions of transactions every month and has onboarded over one million users to onchain products across various industries. The company's SDK offers authentication flows that enable developers to onboard consumers quickly.

It was announced by official sources that the metaverse IP company Poglin has received investment from Animoca Brands. The investment details have not been disclosed yet. According to official sources, Poglin is committed to becoming an IP giant that covers video games, anime, comics and other fields.

Last week saw the four largest cryptocurrency financings in several months. Cryptocurrency trading and wallet service Blockchain.com raised $110 million in a series E financing led by Kingsway. OSL's parent company, a cryptocurrency exchange, raised $91 million through stock subscriptions. Tokenized currency company Fnality announced the completion of a $95 million financing round led by Goldman Sachs. Cryptocurrency media The Block CEO Larry Cermak confirmed on his social platform that Foresight Ventures acquired The Block for $70 million valuation.

Hong Kong-based Web3 social network, Sleek, has raised $5 million in a seed round to bring blockchain-powered social media to the masses and power the ownership economy. The company's platform, which includes Sleek Card and a knowledge marketplace launching in 2024, aims to revolutionize human connection by making networking simple, fun, and productive. Sleek Card has already facilitated over 300,000 connections and partnered with several events, while the knowledge marketplace will allow domain experts to monetize their knowledge into liquid and accessible assets. Investors include Binance Labs, Shima Capital, and Spartan Group.