Cointime

Cointime

Download App
iOS & Android
Home / Financing

Ethereum Development Firm Flashbots Eyes Unicorn Status as it Seeks to Raise $50M: Report

Ethereum research and development firm Flashbots is in discussions over a potential fund raise of up to $50 million, according to a report by The Block on Thursday.

The startup is aiming to raise between $30 million and $50 million at a valuation of $1 billion, according to the report, which citied people with knowledge of the talks. Crypto venture firm Paradigm has committed to leading the investment, the report added.

Flashbots aims to mitigate the issues associated with centralized Maximum Extractable Value (MEV) on the Ethereum blockchain.

(By Jamie Crawley)

Ethereum Ethereum $3,156.90
-3.08%
Ethereum
Comments

All Comments

Recommended for you

  • InfiniGods, a blockchain game studio, announced that it has received $8 million in Series A funding

    Blockchain game studio InfiniGods announced it has received $8 million in Series A funding, exclusively invested by Pantera Capital.

  • Tevaera Closes $5 Million Funding Round to Create One-Stop Gaming Ecosystem Powered by zkSync's ZK Stack

    Tevaera, a gaming platform powered by zkSync's ZK Stack, has closed a $5 million funding round led by Laser Digital and Nomura Group. The funding will support Tevaera's mission to create a one-stop gaming ecosystem. The project has attracted prominent investors, including Hashkey Capital, Fenbushi Capital, and Crypto.com Capital. Tevaera has also launched a redesigned website and is preparing to introduce two new games and the first decentralized L3 gaming chain on zkSync.

  • Decentralized AI platform Prime Intellect completes $5.5 million seed round of financing

    Decentralized AI platform Prime Intellect has announced the completion of a $5.5 million seed round of financing, led by Distributed Global and CoinFund, with Compound also participating. The funds will be used to build a computing platform that enables decentralized training across instances, and to achieve shared ownership of artificial intelligence models through contributions of computing power, code, data, capital, or expertise.

  • Crypto wallet Turnkey raises $15 million in funding, led by Galaxy Ventures

    Turnkey, a cryptocurrency wallet infrastructure company, has raised $15 million in Series A funding led by Lightspeed Faction and Galaxy Ventures, with participation from Sequoia Capital, Coinbase Ventures, Alchemy, Figment Capital, and Mirana Ventures. The project concluded in October of last year and raised $7.5 million in seed funding starting from 2022. Turnkey was co-founded by two former Coinbase employees who helped build the company's cryptocurrency exchange custody service, with the aim of helping application developers build user-friendly blockchain wallets.
  • Cointime精选 ·

    The Future of Ethereum: Use Cases (Part 1)

    In our 4-part series named “The Value of Ether”, we have discussed in detail the framework in which we think it is most appropriate to link value accrual to ETH token holders with the underlying mechanics that operate the Ethereum blockchain. More specifically, we have laid out a case on how increased usage of the network has an impact on supply dynamics and can therefore have a knock-on effect on the value of the Ether token.
    The Future of Ethereum: Use Cases (Part 1)

  • YieldNest, a liquidity re-staking protocol powered by EigenLayer, has raised $5.2 million

    On April 23, YieldNest, a liquidity re-collateralization protocol supported by EigenLayer, completed a $5.2 million financing round with participation from Faculty Group, BACKED, Loi Luu, Winthorpe, C2tP, Curve founder Michael Egorov, and others.

  • Shared security project Othentic completes $4 million seed round of financing, led by Breyer Capital and others

    Othentic, a project focused on the security of distributed system sharing, announced the completion of a $4 million seed round of financing on the X platform. Finality Capital Partners and Breyer Capital jointly led the investment, with participation from Coinbase Ventures, HashKey Capital, Collider Ventures, BanklessVC, Robot Ventures, Everstake, PUNK DAO, and others. It is reported that Othentic is committed to creating novel distributed computing services by providing self-deployed infrastructure to initiate systems with underlying shared security, including promoting innovative work on EigenLayer and Babylon. Its Othentic Stack allows AVS developers to self-deploy operator networks for custom computing services and run arbitrary computing tasks in a trusted execution environment.

  • TeleportDAO has raised $9 million through CoinList public sale and financing

    The Bitcoin cross-chain infrastructure TeleportDAO has raised $9 million through CoinList public sale and financing, with participation from OIG Capital, DefinanceX, Oak Grove Ventures, Candaq Ventures, TON, Across, bitSmiley, and others.

  • Bitcoin spot ETF has net outflow for five consecutive days, with total net asset value of US$53.063 billion

    According to SoSoValue data, the total net outflow of Bitcoin spot ETF was 4.3876 million US dollars on April 18th (US Eastern Time).

  • Blast DEX Thruster receives $7.5 million in seed round funding

    The decentralized trading protocol Thruster based on Blast raised $7.5 million in seed funding led by Pantera Capital, bringing Thruster's valuation to $70 million. Angel investors include Santiago Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha, and Axelar founder Georgios Vlachos also participated in this round of funding.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company