TLDR:
– Story Protocol raises $80 million in series B funding
– Sorella Labs secures $7.5 million for Ethereum blockchain tools
Crypto VC Roundup: Story Protocol, Sorella, BSX Exchange
The crypto VC community was busy this week with several startups receiving significant funding. Story Protocol stood out with an $80 million series B funding round led by Andreessen Horowitz. This San Francisco-based startup aims to address intellectual property theft through its blockchain network.
Sorella Labs, another San Francisco startup, secured $7.5 million to develop tools for the Ethereum blockchain. Paradigm led this funding round, supporting the company’s work on identifying and processing maximum extractable value activities.
BSX Exchange, a decentralized derivatives protocol, raised $6.2 million through pre-seed and seed funding rounds. The platform plans to expand beyond derivatives trading and launch a spot aggregator in September.
Orderly Network, focused on creating a web3 liquidity layer, raised $5 million with backing from OKX Ventures, Manifold Trading, and Origin Protocol. The project aims to provide deep liquidity for assets across multiple blockchains.
Additional funding rounds were completed by projects such as Soulbound, Stork Network, and Thalex, with over $12 million raised collectively. These projects are working on various aspects of the crypto and blockchain space, including web3 social gaming and crypto derivative trading.
