Unfazed by SEC oversight, Web3 funding charges forward!
What they are saying
PayPal Ventures Leads $52M Funding Round for Web3 Firm Magic
San Francisco-based wallet-as-a-service (WaaS) provider Magic has raised $52 million in a strategic funding round led by PayPal Ventures bringing the firm’s valuation to just under $500 million.
Crypto Potato.
Aave-Developed Lens Protocol Raises $15M to Expand 'Social Layer' of Web3
Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.
Coindesk
My Thoughts
(not financial advice)
🚀 Incredible Advancement: PayPal Ventures taking the lead in Magic's $52M funding round signifies an immense recognition and validation of Web3 technologies. The financial backing from such an industry titan like PayPal Ventures demonstrates the potential and real value Web3 firms bring to the digital economy.
💼 Validation of Magic's Vision: Magic's valuation nearing $500 million after this funding round is a testament to its promise and performance. This financial milestone shows that investors are confident in Magic's Wallet-as-a-Service (WaaS) solution, which seeks to bridge the gap between traditional financial systems and the crypto universe.
🌐 Strong Support for Web3 Ecosystem: The support Aave's Lens Protocol has garnered from respected individuals in the crypto sector, including Uniswap CEO Hayden Adams and OpenSea co-founder Alex Atallah, highlights the immense potential of the 'social layer' of Web3. This round of funding will undoubtedly enable Lens Protocol to further expand and enhance their services, contributing to the overall growth and maturity of the Web3 ecosystem.
News
I left OnePiece! I started my own incubator. Open Future Technology!
I've successfully partnered with a leading US chain for the initial launch of my venture and have also accomplished a funding round. Keep an eye out for further updates next week! We are actively seeking promising startups within the web3 space, specifically in gamefi, socialfi, and defi sectors.
If you would like to know more, apply, partner or can help me please book a meeting at Murray Newlands calendly.com/murray-newlands-now
Upcoming Web3 Events you might like:
Networking, Drinks, Web3 and ChatGPT - June 14th Palo Alto.
https://www.meetup.com/open-future-forum/events/294046257/
Thank you LBank Labs for partnering on the first event!
Intentional Inclusivity in Web3 Gaming
https://www.eventbrite.com/e/intentional-inclusivity-in-web3-gaming-tickets-643415161067
Silicon Valley Funding Forum
https://www.eventbrite.com/e/silicon-valley-funding-forum-registration-637887818637
Upcoming AI Events you might like:
Llama Lounge: AI startup event June 15
https://partiful.com/e/Hcw7YX3bGsHiLnLvI6qs
Open Future Forum Telegram https://t.me/+UAt1Y7uM8X5lMGNh
Open Future Forum Discord https://discord.gg/6reV6kVB6a
Bay Area AI https://t.me/+2Z5-pAHdM5M4ZDQx
Do you have news or events you would like to share? DM me on telegram. Reach our 30,000 readers weekly.
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