Funding Round: Innovative Projects Attract Bigger Funds from Global VCs and Angel Investors

Amid the stratospheric rise of Defi and the growing demand for unique and innovative solutions, the global angel investor community and VC firms are constantly engaged in private funding rounds and token sales. The resulting influx of capital shows that entrepreneurs and startups are playing a role in developing a next-generation blockchain technology. Balancer Labs raises $24.25 million to accelerate protocol development Balancer Labs, the company behind Balancer, an automated portfolio manager, liquidity provider and price sensor, has raised $24.25 million from leading investors in its latest token sale, which will be used to accelerate its development. Balancer protocol. The latest round witnessed an influx of new investors including Alameda Capital, Pantera Capital, Fenbushi Capital, Blockchain Capital, Longhash Ventures, Fintech Collective and Continue Capital. One of the highlights of the Balancer Protocol is that it uses multidimensional values to create a mathematical and analytical framework, allowing various portfolios to automatically adapt to market conditions. The second evolution of the Balancer protocol (Balancer V2) will reconfigure the existing system architecture to improve transaction costs while streamlining developer integration and user experience. The world's first FBA network Flare raises $11.3 million Flare, a new contract platform built on a modified version of Avalanche, is a distributed network with some unique features. It can not only be used to create two-way bridges between networks such as Ethereum and XRP Ledger, it is also the world's first complete Turing FBA network. Flare claims to be the only platform that applies the Federated Byzantine Agreement (FBA) consensus to smart contracts, making it secure and accessible to most blockchain development communities. Managed by Kenetic Capital, the platform recently raised $11.3 million from some of the world's leading venture capitalists such as Digital Currency Group and Coinfu.

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