NewsletterAfter Opensea and Uniswap, Coinbase Ventures Is Betting On These Crypto Projects
As per Crunchbase data, the investment arm of the largest US-based crypto exchange Coinbase, Coinbase Ventures, has so far made 329 investments. Its most recent investment was on May 18, 2023, when PYOR raised $4 million.
Founded in 2018, Coinbase Ventures has so far made 16 diversified investments. Coinbase is also currently leading the regulations fight in the US.
Coinbase Ventures funded these companies last month
ZK Link – At the beginning of May, 2023, ZK Link completed a $10M strategic funding round from Coinbase Ventures. ZK Link is a unified multi-chain trading infrastructure that aims to connect various L1 and L2 chains. Out of ZK Link’s total funding of $18.5 million to date, Coinbase Ventures contributed $10 million. The company aims to abstract away all the complexity of multi-chain trading while keeping it secure and sound.
Dolomite – A week later, Coinbase Ventures completed another $2.5M funding round. The firm invested in Dolomite – a protocol building on Arbitrum that aims to offer composable margin trading and lending. Dolomite claims to unify the DeFi ecosystem and unlock dormant capital through more integrations, partnerships, and innovative features.
Hourglass – Coinbase Ventures participated in the $4.2M seed round for Hourglass. The protocol is building a marketplace that allows for the trading of time-bound tokens (TBT), which are staked assets in DeFi protocols. With TBTs, Hourglass aims to empower protocols to incentivize long-term usage while providing their users critical flexibility and liquidity.
PYOR – The final investment of the month from Coinbase’s investment arm was part of a $4M seed round for PYOR (Power Your Own Research). PYOR aims to offer institutional grade digital assets data and insights. PYOR aims to fill the demand for effective data infrastructure of the $1 trillion market cap industry to facilitate institutional participation
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Firelight Confirms November Mainnet as Flare TVL Rises and Xaman Introduces Smart Accounts
- Cardano News: Wirex Partners EMURGO To Launch First Ever ADA Card
- Hyperliquid Rival Lighter Raises $68 Million at $1.5 Billion Valuation
- $37B Bank SoFi Launches Crypto Trading For Retail Customers
- China’s CVERC Accuses U.S. of Stealing 127k Bitcoin Amid Rising Government Crypto Adoption
- Chainlink Price Could Crash as 3 Risky Patterns Form Amid Whale Selling
- Cardano Price Could Reclaim $0.7 After Key Stakeholders Add $204M in ADA
- Uniswap Price Soars 21% on Fee Switch and Token Burn Proposal— Eyes $15 Target
- Bitcoin Price Eyes Bulls as Crypto Market Structure Bill Draft Finally Drops
- SUI Price Prediction: Analyst Eyes $20 Amid Bluefin Partnership and 2M Token Lending Deal
- HBAR Price Prediction: Analyst Eyes 90% Surge Amid Taker Buy Dominance
