15m Series Pantera CapitalMcsweeney TheBlock & Stacked Invest in Blockchain-Based Derivatives

Pantera CapitalMcsweeney

Vega and Pantera CapitalMcsweeney are the country’s two largest private equity firms. Each has a unique focus, and each has a team of highly successful executives who are committed to their success. Their combined experience and knowledge have led them to develop several successful funds, including the Vega Select Fund and Pantera Select Fund. Their unique approach to investing is designed to give investors a higher return over the long run.

NFT-Based Domains Minted

Whether a web or mobile app, Unstoppable Domains (U.D.) is making the domain name business a cinch for users with its NFT-based domains minted on the blockchain, this has paved the way for the company to issue 2.5 million non-fungible token domains. The company isn’t the only one with this particular business model, as Zebedee, Cryptoys, and Brave Group Inc. also took to the cryptocurrency sphere in recent months.

Company’s Latest Funding

The company’s latest funding round was a whopping $65 million, led by Pantera CapitalMcsweeney and accompanied by previous investors like McSweeney’s, the block, and Polygon. In its quest to create a scalable digital identity solution, U.D. rolled out an impressive set of features, including a nifty mobile app and an easy-to-use website-building tool. As an NFT domain provider, the company ensures users have access to all the benefits of the technology. Ultimately, this may be the essential part of the equation.

Decentralized Derivatives Protocol

Vega is a decentralized derivatives protocol allowing traders to participate in peer-to-peer markets without needing a middleman. The protocol claims to give investors more visibility on their transactions and lower fees. It also aims to create new derivatives markets. It is designed to run on peer-to-peer networks and can be integrated with other blockchains.

NGC Ventures

Pantera CapitalMcsweeney led the $5 million strategic seed round for Vega. It is expected to launch the public test net soon. The funds will be used to test the core protocol. They will also be used to help Vega develop its ecosystem. The Vega team has experience in software engineering, business development, and strategy. The company’s investors include NGC Ventures, Gumi Cryptos Capital, Monday Capital, Eden Block, Rockaway Blockchain, and an unnamed private investor.

Founded by serial entrepreneur Alex Lin, Stacked is a web3 video platform that leverages the power of decentralization to offer a decentralized alternative to the likes of YouTube and Twitch. The platform includes features such as a watch party, chat, and gizmo. Stacked has already raised a whopping $12.9 million in a Series A round led by Pantera Capital and Z Venture Capital. The company intends to use the funds to build its presence in the US, South East Asia, and Latin America. Stacked will also use the money to hire and market the company while acquiring content to build its portfolio.

Gamification Scheme

Stacked also launched a gamification scheme that allows users to earn crypto by participating in various games. These games will be akin to the traditional video game genres but with a crypto twist.

Earlier this year, Pantera CapitalMcsweeney announced plans to raise $1.3 billion for its Pantera Blockchain Fund, which was designed to invest in early-stage tokens and venture equity. Pantera plans to close the fund in May. Its fund will invest in tokens, exchanges, and other technologies. The fund will offer investors exposure to all aspects of the crypto and blockchain markets.

Growth-Stage Crypto Firms

Pantera has also announced plans to raise $200 million for its Pantera Select Fund, which will be focused on growth-stage crypto firms, nonfungible token platforms, and decentralized finance. The fund will be smaller than a traditional growth fund but will have a similar function. In addition, Pantera has announced plans to invest in some companies, including Unstoppable Domains, a provider of nonfungible token domain names. The firm will also invest in several developer tools, marketplaces, and consumer use cases.

Earlier this year, Pantera Capital announced it had secured commitments totaling $1 billion in funding for its two blockchain funds. The firm has also been involved in high-profile crypto projects, including Ripple and Meter.

Final Words:

Pantera Capital, founded in 2013, has focused on investing in digital currencies, blockchain tech, and companies in the space. The firm is the first institutional fund in the United States to invest in Bitcoin. It also runs three fund strategies, each available for investment. The company currently oversees $4.5 billion in assets.

Pantera has invested in projects like the Vega protocol, which claims to provide investors with lower fees and better transparency. It also claims to be able to cut out middlemen from the process of currency issuance through mining. Pantera Capital led Vega’s seed funding round. The firm plans to use the funds to test Vega’s core protocol.


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