Digital asset lending and transaction management platform Folks Finance completes strategic round of financing, led by Danu Ventures

Folks Finance, a digital asset lending and trading management platform, announced the completion of its strategic round of financing, led by Danu Ventures, with the specific amount undisclosed. This financing will accelerate its cross-chain expansion, and Danu Ventures will provide comprehensive consulting support, listing, market making, strategic planning, etc. for Folks Finance's cross-chain expansion. It is reported that Chainlink, Wormhole, and Circle messaging layer technologies will be used to support this cross-chain expansion.

Financing

Comments

All Comments

Recommended for you

Cointime精选 ·

Patron Wrap

The Infinex Patron Sale wrapped up in September, and now the Patron Distribution is almost upon us, so I'm under pressure to write a retrospective on the sale. Also, I haven't been punched in the head this week, so my brain is working well enough for some long-form writing.
Cointime精选 ·

Joining Paradigm as an EIR

I’m happy to share that I’ve joined Paradigm as an Entrepreneur in Residence to build the next generation of crypto{graphy & currency}-enabled consumer applications. I’m a long-time consumer builder excited to continue shipping crypto applications like my most recent launch TMR.NEWS, a new type of prediction market. Previously, I’ve built apps in dating, social, and games.
Cointime精选 ·

Swift could integrate with mBridge CBDC cross border payment system?

During a panel at the SIBOS banking event today, Mu Changchun said that the mBridge cross border CBDC payment system could connect to traditional payments systems, including real time gross settlement systems (RTGS) and faster payment systems.
Cointime精选 ·

BTC Well Supported Into The US Election

Bitcoin surged this week, approaching $69k with $72k in sight, thanks to October’s seasonal boost. But strong USD momentum, driven by US Treasury selling, is putting a temporary lid on BTC gains. Institutional interest remains strong, with $2.13 billion in BTC ETF inflows over the last six days. A major boost comes from the SEC approving BTC ETF options on the NYSE, enhancing liquidity.
Footprint_Data ·

The Next Wave of Web3 Growth: From Data to Action

The Next Wave of Web3 Growth: From Data to Action
dlcBTC ·

dlcBTC Onboards Waterdrip Capital into Its Merchant Network

As an active dlcBTC merchant, Waterdrip Capital now plays a crucial role in facilitating the minting and redeeming of dlcBTC, directly contributing to the enhanced liquidity and stability of the ecosystem.
PermaDAO ·

Apus Network: Promoting Deep Integration of AI with the Arweave and AO Ecosystems through the Competition Pool

Apus Network, as a trustless GPU network on AO, is driving the deep integration of AI with blockchain technology through its innovative Competition Pool feature, bringing tremendous value to the Arweave and AO ecosystems.
Xangle ·

The Tokenomics Chronicle

Among the most common and broad tokenomics strategies, one often sees the following structure: 1) expanding the ecosystem and acquiring users through token distribution methods, such as token sales or airdrops, and then 2) assigning proper utilities
PermaDAO ·

Arweave/AO Weekly Highlights Week 42 | 10 Billion Transactions Milestone, Arweave Fullstack Hackathon & PermaHacks Kick Off

Data from Arweave Network Last Week: Arweave has completed a total of 218,182,653 transactions, with 1.65 TiB storage achieved in the past week.
On-chain DA project Hyve completes $1.85 million seed round financing

Hyve, a DA project on the chain, has completed a seed round of financing of $1.85 million, led by Lemniscap with participation from Paper Ventures and Frachtis.