Polygon Spin-Off Miden Secures $25M to Bring Speed, Privacy to Institutional Giants
The funding round was led by a16z crypto, 1kx and Hack VC.
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The funding round was led by a16z crypto, 1kx and Hack VC.
Fairshake will have a whopping $103 million to spend on the next U.S. congressional election — so far — thanks to another $25 million just promised from Ripple Labs.
This latest contribution puts the political action committee in a powerful position to repeat its successes from this year’s elections, in which dozens of its favored pro-crypto candidates won their races.
The report highlights a dramatic increase in blockchain activity, with 220 million addresses interacting with the technology at least once in September, triple the number in late 2023.
In politics, money talks, but the donors and organizers behind crypto’s massive U.S. campaign fund don’t. The digital assets industry has amassed a juggernaut of campaign finance, a $169 million fund that’s capable of steering many contests this year and could decide the makeup of next year’s Congress. It’s already scored more than 20 victories, including high-profile elections in California and, just this week, New York.
The release is the product of a16z’s first foray into deep tech research.
The leading shared sequencer firm said it would further invest in its products as well as additional hires.
The pioneering restaking project EigenLayer, led by Sreeram Kannan, isn’t even live but investors are piling in. A16z Crypto is affiliated with the venture capital firm Andreessen Horowitz.
Lending platform Maker’s governance tokens soared to near one-year high prices last week prior to the transactions.