Bitcoin
$43,055.69-0.49%
Ethereum
$2,998.12-2.04%
XRP
$0.931873-1.33%
Cardano
$2.19-2.94%
Polkadot
$27.93-4.08%
Stellar
$0.272631-2.04%
Dogecoin
$0.202007-2.35%
Chainlink
$23.49-4.30%
Uniswap
$22.71-6.55%
Algorand
$1.71-0.39%
Polygon
$1.11-2.40%
Cosmos
$37.39-5.70%
Litecoin
$148.61-2.29%
Bitcoin Cash
$499.63-2.29%
Wrapped Bitcoin
$43,089.67-0.53%
The Graph
$0.676074-1.39%
Filecoin
$60.78+4.22%
Tron
$0.087785-0.61%
Ethereum Classic
$46.29-2.27%
Tezos
$6.16-9.16%
Aave
$282.11-4.29%
Monero
$241.28+3.83%
NEO
$38.23-1.81%
EOS
$3.91-3.28%
IOTA
$1.16-2.94%
BitTorrent
$0.003155-1.76%
Bitcoin SV
$127.91-1.51%
Waves
$23.62-0.90%
Maker
$2,286.26-3.19%
Dash
$157.30-3.47%
Decentraland
$0.674571-5.39%
Decred
$107.93-5.52%
ICON
$1.53-7.54%
NEM
$0.144069-3.14%
OmiseGO
$9.15+0.46%
Zcash
$106.96-4.62%
Paxos Standard
$1.00+0.02%
Yearn Finance
$29,462.57-4.16%
Ren
$1.06-4.52%
NuCypher
$0.267932-3.53%
Qtum
$9.44-1.69%
Bitcoin Gold
$50.87-3.09%
Basic Attention Token
$0.624432-4.40%
Fetch.ai
$0.763734-7.42%
0x
$0.876338-3.03%
Kava.io
$5.85+2.49%
Bancor
$3.48-1.96%
Band Protocol
$7.22-3.22%
Siacoin
$0.014424-3.75%
Nano
$4.28-6.32%
Loopring
$0.371634-0.38%
Numeraire
$40.61-2.53%
Storj
$1.05-4.78%
Civic
$0.421472-4.77%
Lisk
$2.78-0.86%
PAX Gold
$1,759.39-0.10%
Orchid
$0.311303-2.70%
Enzyme
$147.22+3.02%
Augur
$20.25-3.11%
Aragon
$4.43-3.32%
district0x
$0.146500-1.67%
Kyber Network
$1.42-2.63%
SingularDTV
$0.001226+5.42%
Tether
$1.00-0.01%
USD Coin
$1.00+0.03%
Dai
$1.00+0.02%
Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Figment Raises $50M to Build Up Proof-of-Stake Infrastructure

The funding round included participation from Anchorage Digital, Galaxy Digital, and 10T Ventures.

Aug 16, 2021 at 3:30 p.m. UTC
Updated Sep 14, 2021 at 1:40 p.m. UTC

Blockchain infrastructure provider Figment raised $50 million in a Series B funding round that was led by institutional investors Senator Investment Group and Liberty City Ventures.

  • Anchorage Digital, Galaxy Digital and 10T Ventures also participated in the funding, Figment said Monday.
  • The company plans to use the funding to expan its infrastructure across the proof-of-stake (PoS) industry supporting the services it provides "up and down the Web 3 stack."
  • The funding follows a $2.5 million seed round last October.
  • Figment develops back-end systems and infrastructure that provide yield on tokens for PoS blockchains such as Cosmos and Polkadot.
  • With Ethereum's transition to a PoS model, Figment predicts that the market cap of this segment of the crypto industry will "double overnight" as it will account for everything on Ethereum rails, including decentralized finance (DeFi) and non-fungible tokens (NFTs).

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...