Multicoin Capital, a crypto-focused investment firm, has led a $2.3 million seed funding round for FastLane Labs, a maximal extractable value (MEV) protocol for Polygon. This marks the third time Multicoin has backed infrastructure for MEV, a controversial way for validators to earn more money while ordering transactions on a blockchain.

Decentralized cloud database Tableland has raised $8 million in a Series A funding round led by CoinFund, with participation from Multicoin Capital, Blueyard, and A Capital. The funds will support Tableland's mainnet launch, the release of new developer tools, and the debut of Tableland Studio later this year.

Multicoin Capital’s hedge fund lost 91.4% in 2022, according to a copy of the firm’s annual investor letter viewed by CoinDesk.

The company just closed a $6 million seed round, co-led by Multicoin Capital and Sequoia Capital. Circle Ventures, Solana Ventures, and Paxos also participated in the round. Along with the recently raised funds, TipLink is also releasing its API, which developers can use to programmatically generate TipLinks.

Sec3, a blockchain security firm that audits smart contracts among other services, raised $10 million in a seed funding round.

Sec3, a blockchain security firm that audits smart contracts among other services, raised $10 million in a seed funding round. Multicoin Capital led the round, with Sanctor Capital and Essence VC participating, Sec3 announced Tuesday.

In the new development, a crypto venture company, Multicoin Capital, has disclosed its exposure to FTX. On Thursday, the firm reported how the fund plummeted by a whopping 55% over last month. It revealed to its investors that the drop in performance was due to the collapse of FTX.

Heroic Story, a web3 gaming and entertainment studio, has raised $6 million in a seed round led by Upfront Ventures.

Multicoin Capital, a top-tier crypto venture capital firm, has revealed its more than $25 million stake in FTX via its $430 million venture fund, according to a letter obtained by The Block.