PAID Network Raises $2M in Funding Led by Alphabit Fund and Master Ventures

2021-1-7 09:32

 PAID Network has closed a $2 Million funding round led by Alphabit Fund & Master Ventures.

Other investors and partners include A195, AU21, Brilliance Ventures, Phoenix VC, and X21.

PAID’s private sale has been oversubscribed, with more than $21 Million committed already. According to PAID’s spokesperson, the value of allocation requests is growing by $1 Million daily.

PAID Network is using the funds from the recent funding round to continue to build the world’s first decentralized SMART Agreement DApp powered by Polkadot. After successfully launching the PAID Network MVP in December, allowing parties to sign Agreements on the PAID Network, the team has set their eyes on their upcoming TGE (token generation event) coming January 2021. Currently operating on the Rinkeby testnet, anyone can create and sign contracts that are saved on the IPFS/Ethereum network ledger forever and access it via connecting their Ethereum wallets.

“All industries are currently working to migrate their business functions onto blockchain. Trust in the smart contracting process, at the nexus of transaction management on blockchain, will be the key enabler of permissionless secure transactions. PAID Network’s SMART customizable contracting solutions make distributed digital contracting trustless and secure. They will allow the deployment of credible self-executing contracts in any use case,” said Saeed Al Darmaki, Managing Director of Alphabit fund.

The close of the fundraising acknowledges PAID’s early mover advantage as one of the first legaltechs using digital ledger technology (DLT) to make business on the blockchain more secure for everyone. The powerful e-signature is backed by negotiation, arbitration and DeFi services — providing an end-to-end contracting solution. The smart contract executes all functions on the blockchain and because the market for blockchain platforms and services is forecasted to grow at a CAGR of 67.3 percent to $39.7 billion by 2025, the PAID team has a headstart.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Joint Ventures (JOINT) на Currencies.ru

$ 0.0012433 (-32.83%)
Объем 24H $1.472k
Изменеия 24h: 15.98 %, 7d: 53.35 %
Cегодня L: $0.0012433 - H: $0.0012433
Капитализация $27.661k Rank 2081
Доступно / Всего 22.248m JOINT

ventures fund master paid alphabit led funding

Источник: blockchainnewstoday.com

ventures fund → Результатов: 126


DeFi-проект 1inch привлек $12 млн при поддержке Pantera Capital

Агрегатор ликвидности с децентрализованных бирж 1inch объявил об успешном закрытии раунда финансирования, по результатам которого привлек $12 млн венчурных инвестиций. Раунд возглавила инвестиционная компания Pantera Capital, в числе других участников ParaFi Capital, Nima Capital, LAUNCHub Ventures, Spark Capital, gumi Cryptos, Fabriс Ventures, Struck Capital, Rockaway Blockchain Fund, Spartan Capital Securities, Blockchain Capital, а также бизнес-ангелы Джош Ханна, Каин Уорик Александер Пэк.

2020-12-2 17:00


Circle & Coinbase’s USDC Hits $2B Market Cap; Launches Fund For Stablecoin-Backed Ventures

In a blog post this Wednesday, Coinbase Ventures, the investment arm of Coinbase, issued a ‘Request For Startups’ funding pool to pull developers to build USDC-backed projects. According to the statement, Coinbase is celebrating the latest milestone by USDC, a stablecoin built by Center, a collaboration between Coinbase and payments provider, Circle.

2020-9-17 17:30


IPSE Received Additional Investment from GSR Matrix Fund to Promote Leapfrogging Multi-dimensionally

Coinspeaker IPSE Received Additional Investment from GSR Matrix Fund to Promote Leapfrogging Multi-dimensionallyMr. Wu Shenjun, founder of GSR Ventures announced to the public that the GSR Matrix Fund will provide an additional US$10 million to IPSE to support the promotion of the IPSE distributed search engine and ecological construction.

2020-3-14 14:28


TaxBit raises $5 million to automate cryptocurrency tax compliance

TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, today announced a seed round funding of $5 million. Participating investors include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC, who previously led TaxBit’s pre-seed round, and more.

2020-1-6 19:33


Bison Trails Blockchain Protocol, a Libra Association Member, Secures $25.5 Million in Funding

Bison Trails, a member of The Libra Foundation and blockchain protocol provider, raised $25.5 million in Series A funding. The round was led by the venture company Blockchain Capital. Other companies that participated in the funding round were Coinbase Ventures, ConsenSys, Kleiner Perkins, A Capital, Sound Ventures and Collaborative Fund. Bison Trails Raises $25.5 Million […]

2019-11-20 01:22


DEXTF Secures $460,000 in Funding with SGInnovate And Lunex Partnership

According to the Business Times, Decentralized Traded Funds (DEXTF) closed the funding round after collecting $460,000. This funding round was led by SGInnovate and LuneX Ventures, a blockchain firm of Singapore based Golden Gate Ventures, with the partnership with the hedge fund CDAM based in London and other private investors who remain undisclosed. “Although many […]

2019-11-9 19:19


Malaysia officially opens Blockchain Village at Medini (BVAM)

Malaysia officially opens Blockchain Village at Medini (BVAM) - CryptoNinjas Khazanah Nasional Berhad, the sovereign wealth fund of the Malaysian government, along with its wholly-owned subsidiary i2M Ventures Sdn Bhd, has officially launched the Blockchain Village at Medini (BVAM) to further support growth of the blockchain ecosystem in Malaysia.

2019-10-17 19:53


Экосистема Algorand получила поддержку крупных инвесторов в размере $200 млн

Инвестиционная фирма Algo Capital, которая фокусируется на развитии экосистемы блокчейна Algorand, объявила о привлеченном финансировании в размере $200 млн. Полученные средства пойдут в специально созданный венчурный фонд Algo VC Fund, говорится в пресс-релизе организации.

2019-8-27 14:36


Фото:

Reddit Co-Founder Ohanian Leads Seed Round for Blockchain Gaming Startup Horizon

According to a post published July 17, 2019 on BusinessWire, the video game studio and blockchain infrastructure company Horizon Blockchain Games (Horizon) raised $3. 75 million in a seed round, led by Reddit co-founder Alexis Ohanian’s venture fund, Initialized, with participation from Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital.

2019-7-18 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

PEPE takes a hit after GameStop inspired rally, here’s why it could dip lower

PEPE, one of the largest meme coins in the crypto ecosystem has wiped out 4.19% of its value early on Thursday. The return of legendary trader “Roaring Kitty” associated with GameStop’s 2021 rally catalyzed gains in top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Popcat (POPCAT) and PEPE, among others.  […]

Geoffrey Morphy’s $27M lawsuit leads to Bitfarms ouster

In a dramatic turn of events, Bitfarms has terminated Morphy as CEO and president of the mining firm following the filing of a lawsuit against the company. Morphy’s filed a lawsuit against Bitfarms seeking a staggering $27 million in damages, prompting Bitfarms to terminate his role despite prior announcement of plans to have him remain […]