The Easy Company, a startup focusing on building a consumer layer for the decentralized web, has raised $14.2 million in a seed round for its “social”
Despite a long crypto winter, Web3 projects continue to receive substantial funding from Venture Capitalists. In 2022, billions of dollars poured into various projects in the ecosystem, including blockchain-based startups.
In the first two quarters of 2022, Venture Capital inflows were over $14 billion, and even though it receded to just under $5 billion in the third quarter, that was still a substantial amount given the negative impact of the sudden collapse of several prominent players in the industry, such as Celsius, Three Arrows Capital, BlockFi and FTX. Venture capitalist funding for the 2023 remains yet to be seen.
On Jan. 4, Cointelegraph reported that Singapore-based cryptocurrency exchange MEXC plans to invest $20 million to support the growth and development of Sei Network, a layer-1 blockchain platform that is specifically tailored for trading.
