During a recent conference call, we learned about a new 15m Series Pantera CapitalMcsweeney TheBlock is investing in. The Series is designed to provide a way for investors to be able to participate in the company’s IPO. The company’s valuation is currently at $1 billion, which is significantly less than the industry average of $18 billion.
Stacked
Taking a page out of the book of live streaming giants Twitch and YouTube. Stacked aims to build a decentralized video streaming platform. Its features include a themed community, an enviable list of creators, and an innovative way to engage with fans.
Stacked is leveraging the burgeoning adoption of decentralized technologies. Such as web3 to provide a video and audio streaming service that rivals the big boys. It also has a unique symbiotic relationship with its creators. As part of the deal, the creators are able to earn a piece of the action in the form of cryptocurrency by accepting donations or subscriptions.
Unstoppable Domains
Founded in 2015 by Matthew Gould, Unstoppable Domains is an NFT (Non-Fungible Token) domain name service. It mints decentralized domain names as an NFT on the Ethereum blockchain. Creating a unique digital identity marker for the owner.
The service allows users to register and manage a top-level domain, and it offers integrations with over 300 applications. It also provides single sign-on services for more than 50 applications, including Polygon and the Ethereum platform. In addition, it supports popular browsers such as Opera and Brave. Unlike traditional TLDs, it allows users to register their own names for a low, one-time fee.
Using the technology of the Web2 and Web3 ecosystems. Unstoppable Domains gives users the power to fully own their online identities. Whether the user chooses to use the service for personal or business purposes, they can use it to create a user-friendly web experience.
Transparent Systems
Founded by ex-Googler Paul Allen, Transparent is building an open universal platform for financial services that includes real time business to business and business to consumer payments. In short, they are building the best of both worlds.
Transparent is a small company with only 25 employees. They were previously part of the Vulcan empire, and they have already received $8 million in seed funding from the venture capital firm. The name and logo are not particularly eye-catching, but the team behind the venture is a veritable who’s who of fintech gurus. Among its investors are McSweeney TheBlock, IDEO Colab Ventures, Pantera Capital, and Digital Currency Group.
Vega
Vega is a decentralized derivatives protocol designed to rebuild the derivatives markets on peer-to-peer networks. Traders will be able to use the protocol pseudonymously to create new markets and to participate in existing ones. The Vega team claims the protocol will enable investors to receive lower fees and a greater level of transparency. The protocol will also include investment bank-grade risk management processes.
Pantera Capital led the $5 million strategic seed round for Vega. The funding will be used to test the core protocol. It will also help the company engage its ecosystem partners and developers. Vega has a team with experience in business development, cryptography, and software engineering.
Register Decentralized Names
Despite a relatively small $1 billion valuation, Unstoppable Domains is one of the most notable and popular blockchain naming systems out there. The company uses nonfungible tokens (NFTs) to mint and register decentralized names on the Ethereum blockchain. It also provides single sign-on services for over 150 DApps. This includes Polygon, the largest social media network in the U.S., and it works with any application.
The company has over 2.5 million registered NFTs. Using this technology, Unstoppable creates unique digital identities for its users, and uses the tokens to authenticate their identities to various applications. In addition, the company has integrations with over 300 applications.
Funding Structure
Earlier this year, 15m Series Pantera CapitalMcsweeney TheBlock announced that it was raising a new fund. The firm is a leader in the crypto space, with more than $4.5 billion in assets under management. The fund is designed to invest in growth-stage companies in the space, and it will also provide limited partners with exposure to growth-stage deals.
Conclusion:
It is no secret that 15m Series Pantera CapitalMcsweeney TheBlock has invested in several early-stage token projects, including Unstoppable Domains and VLAR. The company also led a $12 million funding round for Aurora bridge, a decentralized exchange. However, it is not clear how much funding is going into the new fund. Hopefully, we will learn more about this soon.
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