Polygon, an India-based startup seeking to improve the Ethereum network, raised $450 million in a funding round led by Sequoia Capital India. SoftBank Vision Fund 2, Tiger Global Management, and Seven Seven Six, the venture firm set up by Reddit co-founder Alexis Ohanian, also participated. To raise the funds, Polygon privately sold MATIC tokens instead of issuing equity. As of Monday...
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Reality Check Venture Capital Entertainment
A16z’s Gaming Metaverse Play; Cognixion’s Assistive Reality Progress
As investment pulls back and tech stock sell-offs continue, leave it to Andreesen Horowitz to dangle a bit of hope for startups aiming to power through to the next boom. The Menlo Park firm announced Wednesday the creation of its first fund focused on the gaming industry, totalling $600 million. And though there’s a current of optimism for immersive tech behind this fund, I would bet that it...
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