Cadenza, an investment institution focusing on blockchain and AI, has raised $50 million for its early-stage AI venture capital fund

Cadenza, a risk investment company focusing on blockchain and artificial intelligence, announced that its early AI venture capital fund has raised $50 million. The new fund will focus on seed and pre-seed investments, with a focus on infrastructure and enterprise applications. Cadenza's investment portfolio in the Web3 field currently includes: Web3 infrastructure Validation Cloud, Malaysian digital asset exchange Hata, Web3 API platform Uniblock, L1 blockchain Linera, and encrypted wallet application Zulu.

Comments

All Comments

Recommended for you

CointimeSG ·

Bitcoin whales employ ‘wait-and-see strategy’ as price hovers at $96K

A crypto analyst highlighted significant Bitcoin inflows to crypto exchanges from whales, who are still holding back on making any major moves.
CointimeSG ·

Cash App Has Dropped Its Zero Fee Bitcoin $Cashtag Transfers

A Cash App spokesperson told Decrypt the company wants to focus on "products and services that Bitcoin holders on Cash App use and value most.”
CointimeSG ·

Bitcoin Miner Hive Digital Reveals $60 Million Paraguay Expansion Push

Hive Digital is expanding in Paraguay with a huge Bitcoin mining machine purchase—and helping the government hedge against inflation, it says.
CointimeSG ·

Safe’s Safenet wants to bring Visa-like payments network to crypto

Safenet aims to be a layer connecting existing blockchains and allowing users to interact with any chain through a single account.
CointimeSG ·

XRP Ledger Just Became Much Cheaper to Use Following Coin's 400% Price Spike

It’s now cheaper and easier to maintain an account on the XRP Ledger thanks to validators approving a reserve fee reduction of 90%.
CointimeSG ·

Bitcoin miner Foundry lays off staff amid restructuring

Foundry let go of 16% of US staff as part of a broader restructuring that includes spinning off its self-mining business.
CointimeSG ·

Tron Crypto Hits New High Above $0.43 Amid Broader Altcoin Surge

Funds are shifting from Bitcoin and newer tokens, like meme coins, to older, undervalued projects including Tron, Decrypt was told.
CointimeSG ·

Bitcoin range consolidation a ‘healthy next step’ before BTC attempt at $100K

Bitcoin's price cooled off at the start of December, but several bullish catalysts support investor anticipation that $100,000 BTC is around the corner.
AI computing economy layer GAIB completes $5 million seed round of financing, led by Hack VC, Faction VC and Hashed

GAIB, an AI computing economic layer, announced the completion of a $5 million seed round of financing, with Hack VC, Faction VC, and Hashed leading the investment. Other participating investors include Spartan, Animoca Brands, MH Ventures, Aethir, Near Foundation, Chris Yin from Plume Network, and Lucas Kozinski from Renzo Protocol.
Union Completes $12 Million Series A Funding, Led by Gumi Cryptos Capital and Others

cross-chain settlement layer Union has announced the completion of a $12 million Series A financing round, led by Gumi Cryptos Capital and Longhash Ventures, with participation from Borderless Capital and Blockchange, as well as blockchain founders from Polygon, Movement, and Berachain. The funding will be used for core team expansion, partner integration, and ecosystem development.