Funding

(Ashin K Suresh/Unsplash, modified by CoinDesk)
A Better Way to Distribute Crypto Ecosystem Grants
Token project treasuries, foundations and grant programs are a necessary lifeline during the bear market. But this funding could be more fairly disbursed, Lunar Strategy's Tim...
(Ashin K Suresh/Unsplash, modified by CoinDesk)

hand holding $20 bill in front of trees
DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings.
hand holding $20 bill in front of trees

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Blockchain Developer Cronos Labs Kicks Off Search for Participants in $100M Accelerator Program
Cronos Labs has signed up Google Cloud, Amazon Web Services and blockchain security specialists PeckShield and Certik as mentors for the program.
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McNuggets Land in The Sandbox
OpenSea’s New Deal, McNuggets Land in the Metaverse
The NFT marketplace is letting collectors trade directly with one another, McDonald’s launches a virtual experience and more Web3 news of the week.
McNuggets Land in The Sandbox

Polychain CEO Olaf Carlson-Wee (Danny Nelson/CoinDesk)
Crypto VC Firm Polychain Capital Raises $200M for Fourth Fund: Fortune
The crypto-focused firm has also cut three members of its research and development staff, Fortune reported.
Polychain CEO Olaf Carlson-Wee (Danny Nelson/CoinDesk)

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VC Funding in Web3 Plummets 76%: Crunchbase Data
In the second quarter of 2023, Web3 startups raised just over $1.8 billion, compared to $7.5 billion during the same period last year.
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(Hitesh Choudhary/Unsplash)
Startup Kaito Gets $87.5M Valuation in New Funding to Build AI Search Engine for Crypto
The search engine combines real-time data with large language models like ChatGPT.
(Hitesh Choudhary/Unsplash)

The data center purchase is likely to be the first of several. (Shutterstock)
Australian Data Center Startup Arkon Expands to U.S. With $26M in Fresh Funding
CEO Joshua Payne said he expects the acquisition of a data center in Hannibal, Ohio to be "the first of several" over the next year.
The data center purchase is likely to be the first of several. (Shutterstock)

Brian Armstrong (CoinDesk)
Coinbase CEO Brian Armstrong’s ResearchHub Startup Raises $5M in Funding
The Series A round was led by Open Source Software Capital with participation from Boost VC, RedHat's Bob Young, Vercel’s Guillermo Rauch and Replit's Amjad Masad.
Brian Armstrong (CoinDesk)