Coinbase Ventures Leads Moralis Funding Round

Representatives of the Web 3.0 technology developer platform Moralis announced that they have raised $40 million during the Series A funding round. They said that the funds will be used to refine the functionality of the service, which will allow the creation of blockchain games, decentralized applications and non-fungible tokens (NFT) . The leader was Coinbase Ventures, which is the investment division of the Coinbase exchange.

Representatives of the Moralis organization assured that they are developing universal software. Co-founders Ivan Liljekvist and Filip Martinsson noted that they have made significant progress in building application programming interfaces (APIs) that combine user authentication, identity management, real-time historical transaction data, and more.

They assured that the funds raised will be used to continue the work and smooth transition between Web 2.0 and Web 3.0. The developers said that among the investors of the first round were also the European fund EQT Ventures, Fabric Ventures and Dispersion Capital.

Representatives of EQT Ventures have previously invested $13.4 million in this startup. Company partner Laura Yao said she believes in the developers of Moralis.

The organization expressed the opinion: the startup team is able to achieve significant progress. Recruiting as many industry developers as possible is an important step, according to the firm’s executives.

Earlier edition informed that the founders of StarryNift raised $10 million in a seed round of funding. The founders of the digital startup said: it was led by Susquehanna International Group (SIG) and with the participation of Binance Labs, Alameda Research and others.

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