Essential Highlights This Week: Major Investments Across AI, IT, Web3, and Crypto Sectors (June 3-7)
In Brief
Recent investment activities in Web3 have demonstrated notable financial support for fresh blockchain innovations, underscoring the sector’s impressive growth and potential. Some standout investments include Avail's impressive $75 million Series A, DWF Labs’ $5 million endorsement for Milady Meme Coin, and Tether's substantial $18.75 million funding to XREX Group aimed at advancing financial inclusion and streamlining cross-border transactions.
Avail Gains $75 Million in Series A Funding to Propel Web3 Advancement
Avail, a cutting-edge blockchain startup, recently closed a $75 million Series A funding round. Thanks to this investment, Avail plans to leverage its Unification Layer technology stack to tackle challenges related to compatibility and data availability within the Web3 ecosystem. This innovative Unification Layer enhances the scalability and seamless interoperability of modular blockchains by integrating data availability, aggregation, and shared security features.
With these additional funds, Avail aims to develop its Nexus interchange layer and Fusion Security layer, while also seeking collaborations throughout the Web3 landscape. The infusion of $75 million is crucial in establishing a robust foundation for future blockchain initiatives.
Photo: Avail
DWF Labs Invests $5 Million in Milady Meme Coin
DWF Labs, a prominent player in Web3 investments and a worldwide leader in digital asset markets, has committed $5 million to the Milady Meme Coin (LADYS). This strategic funding is designed to create new growth avenues within the LADYS and broader meme ecosystem, enhancing opportunities for collaboration and community participation. Furthermore, DWF Labs will provide ecosystem backing and strategic guidance, empowering LADYS to thrive in the competitive meme currency market, symbolizing the essence of internet culture and memetic energy.
We are thrilled to announce our backing for
Tether Funds XREX Group with $18.75 Million
Tether's Investment of $18.75 Million in XREX Group to Enhance Financial Accessibility in Emerging Markets
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Disclaimer
In line with the Trust Project guidelines Victoria is a versatile writer covering a range of technological topics, such as Web3.0, AI, and cryptocurrencies. Her vast experience equips her to craft insightful articles for a broad audience.
