TLDR:
Key Points:
- Venture capital firm a16z made a $90 million bid on Optimism’s OP token.
- Former Revolut executive received $6.5 million to create hybrid exchange x10.
In a recent funding roundup, venture capital firm Andreessen Horowitz (a16z) privately purchased $90 million worth of Optimism’s OP token. The investment, disclosed before a16z’s recent fundraise, is subject to a two-year vesting period. This marks one of the largest crypto investments made by the venture capital firm. Additionally, Ruslan Fakhrutdinov, former head of crypto ops at Revolut, secured $6.5 million to create x10, a new hybrid exchange. x10 aims to offer the features and speed of centralized exchanges like Coinbase or Binance, but with full self-custody, settlement on-chain, and DeFi perpetuals trading capabilities.
Other notable fundraises this week include STYLE Protocol securing $2.5 million, Wisdomise concluding a $9.5 million funding round, and Wasabi landing $3 million in a seed round. These investments aim to fuel interoperability among digital worlds, accelerate product and community development, and enhance crypto trading efficiency through on-chain trade settlement and self-custody.
Overall, the funding roundup highlights the growing interest and support in the crypto and blockchain space, with notable investments being made in innovative projects and technologies.
