In parallel, Chainbase has successfully obtained $15 million, while Haruko and Bitrue Ventures unveiled new funds of $6 million and $40 million respectively, aimed at boosting digital asset management and nurturing Web3 startup growth.

Furthermore, with the newly raised funds, Chainbase plans to launch a pioneering model for on-chain data within the crypto universe, aiming to connect millions of users and developers, standardize on-chain data frameworks, and ensure that the intrinsic value of data benefits its original creators.

Chris Feng emphasized the significance of this funding to further the company's overarching objectives. Matrix Partners’ Harry Man remarked on Chainbase's impressive growth trajectory and its pivotal influence in melding AI with on-chain datasets. With a globally diverse team comprising data scientists and machine learning engineers, Chainbase is well-positioned to spearhead future advancements in Web3 data solutions.

Ripple's Generous $1 Million Contribution to John Deaton’s Senate Campaign

Ripple's contribution to the Commonwealth Unity Fund serves as a significant financial boost to John Deaton’s political campaign. This super PAC, established by attorney James Murphy, aims to bolster Deaton's candidacy. As per records from the Federal Election Commission, Murphy also contributed a hefty $50,000. Deaton's campaign has amassed a remarkable $1.7 million in contributions from various notable figures in the cryptocurrency sphere, including Cardano founder Charles Hoskinson, financial guru Anthony Scaramucci, Chris Larsen, and the Winklevoss twins of Gemini fame.

However, Deaton faces a formidable challenge against the incumbent Elizabeth Warren, who has secured an impressive $18 million in funding. Additionally, not all cryptocurrency supportive entities are lending their endorsement to Deaton's campaign.

Anthropic Partners with Menlo Ventures to Create a $100 Million Anthology Fund

The fund not only provides financial backing but also offers selected startups access to Anthropic’s cutting-edge AI models and technologies.

Daniela Amodei pointed out that the focus is on ventures that leverage AI to enhance human capabilities across various sectors such as scientific research, energy, healthcare, legal services, and education.

The $1 million donation from Ripple This collaboration is a continuation of Menlo Ventures’ long-standing partnership with Anthropic, as they were an early backer of the AI company. Menlo Ventures boasts a successful history of investing in AI-driven initiatives, with notable investments including those in Siri and Uber.

Theory Ventures led the investment round for Allium Labs. Existing seed investors also took part in this funding round.

Visa and Allium Labs joined forces to develop the Visa OnChain Analytics Dashboard, providing comprehensive insights into stablecoin activities. Their latest findings indicate that there are approximately 27.5 million active users each month across all chains, with the total circulating stablecoin supply nearing $150 billion.

The firm aims to judiciously invest its new capital to strengthen its data infrastructure and widen its market footprint. This strategy seeks to empower financial institutions to seamlessly adopt and integrate digital assets, thus enabling them to tap into the full potential of the digital economy.

Since its inception in 2021, the firm has broadened its reach, now serving over 50 investment management companies throughout North America and Europe.

Catering to a wide variety of financial products, the platform provides extensive coverage of OTC trading, DeFi, and CeFi. An increasing demand for sophisticated portfolio and risk management solutions in the realm of digital asset investments drives this expansion.

Bitrue Ventures Launches $40 Million Web3 Investment Fund Bitrue Ventures has introduced a $40 million fund dedicated to investing up to $200,000 in individual Web3 startups.

Allium Labs’ $16.5M Series A Funding

This fund is strategically aligned with emerging trends within the cryptocurrency and blockchain space, focusing on AI integration, tokenization of real-world assets, and the development of decentralized infrastructure. Allium raised a total of $21.5 million.

Beyond providing financial support, Bitrue Ventures is set to produce research reports aimed at guiding development teams and educating consumers about industry dynamics. This initiative is particularly timely, given that Web3 startups attracted nearly $1.9 billion in funding during the first quarter of 2024, signaling sustained interest in this innovative sector despite market fluctuations.

Please remember that the information on this page is for informational purposes only and should not be taken as legal, tax, investment, or financial advice. Always invest wisely, only what you can afford to lose, and seek independent financial guidance if needed. For further insight, we recommend checking the terms and conditions as well as the help and support sections provided by the issuer or advertiser. MetaversePost is devoted to delivering precise, impartial reporting, but please be aware that market conditions can shift without prior notice.

Haruko’s $6M Series A Funding

Victoria writes extensively on a range of tech topics including Web 3.0, AI, and cryptocurrencies, drawing on her rich experience to craft insightful content for a broader audience.

Cryptocurrencylistings.com Launches CandyDrop to Streamline Crypto Acquisition and Boost User Engagement with Quality Projects Haruko’s entry into Southeast Asia .

DeFAI Must Resolve the Cross-Chain Puzzle to Realize Its True Potential

dRPC Launches NodeHaus Platform to Assist Web3 Foundations in Enhancing Blockchain Accessibility Raphael Coin Announces Its Launch, Bringing a Renowned Masterpiece to the Blockchain

From Ripple to The Big Green DAO: Exploring How Cryptocurrency Initiatives Contribute to Charitable Causes