Cointime

Cointime

Download App
iOS & Android
Home / Financing

Paradigm Funds Auditing DAO Code4rena With $6 Million Token Purchase

  • Wechat scan to share

Crypto VC firm Paradigm is using a $6 million token purchase to fund Code4rena, a decentralized autonomous organization that creates incentives for independent auditors hunting for bugs.

The DAO is the latest initiative to draw funding from Paradigm, which has backed companies like Amber Group, Argent and dYdX, among others. 

Code4rena, first formed last year amid rising hacks resulting from smart contract vulnerabilities that have caused billions in losses, is working to solve inefficiencies that plague the traditional audit model by crowdsourcing the task and matching people to their unique areas of expertise.

(By Nathan Crooks)

DAO
Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

  • Glider completes $4 million financing, led by a16z

    crypto investment startup Glider has completed a $4 million financing round, led by a16z, with participation from Coinbase Ventures, Uniswap Ventures, and GSR. Glider plans to use artificial intelligence to help users adjust their cryptocurrency investments according to their needs, and will join the Andreessen Horowitz cryptocurrency startup accelerator this spring.

  • Optimum Completes $11 Million Seed Round, Led by 1kx

    Optimum has completed a $11 million seed round of financing, with 1kx leading the investment, and Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, Reforge and others participating. Optimum is a decentralized, performance-enhancing memory layer for any blockchain, incubated by the Massachusetts Institute of Technology. (CoinDesk)

  • Plastic Labs Completes $5.35 Million Pre-Seed Funding and Launches AI Identity Platform Honcho

    Plastic Labs has completed a $5.35 million Pre-Seed round of financing, led by Variant, White Star Capital, and Betaworks, with participation from Mozilla Ventures, Seed Club Ventures, Greycroft, and Differential Ventures. Angel investors include Scott Moore, NiMA Asghari, and Thomas Howell. At the same time, its personalized AI identity platform "Honcho" is now open for early access.

  • AI video startup Runway completes $308 million in funding

    AI video generation company Runway raised $308 million in a new round of financing, with a valuation soaring to over $3 billion. This round of financing was led by General Atlantic, with participation from Nvidia and SoftBank Vision Fund 2. Runway will use the funds to strengthen AI model research and development and expand the creative team. Its software has been used in Amazon series, Madonna tours, and Puma ads, among other projects. The recently launched Gen-4 model supports consistency in characters and scenes, achieving significant technological breakthroughs.

  • AI infrastructure platform Mahojin completes $5 million financing

    AI infrastructure platform Mahojin has completed a $5 million financing round, led by a16z CSX and Maelstrom. Mahojin aims to create a "GitHub" for AI model creators and dataset developers, with the platform enabling intellectual property tracking and rewarding the original contributors of models and datasets.

  • US artificial intelligence startup Yutori raises $15 million

    Yutori, a startup based in San Francisco, has raised $15 million for the development of an artificial intelligence personal assistant.

  • Meme incubation platform Coresky completes $15 million Series A financing

    Meme incubation platform Coresky announced the completion of a $15 million Series A financing round, led by Tido Capital, with WAGMi Ventures, Copilot Venture Studio, Web3 Vision Fund, and Parallel Ventures participating. The valuation information has not been disclosed, and the company's total financing to date has reached $21 million.

  • Vest Labs Completes $5 Million Seed Round of Financing, with Amber Group, QCP Capital and Other Investors

    Vest Labs, a financial infrastructure company based on real-time risk pricing, has announced the completion of a $5 million seed round financing, with participation from Jane Street, Amber Group, Selini Capital, QCP Capital, and Big Brain Holdings. The new funds will be used to support its construction of a real-time, verifiable risk pricing model based on zero-knowledge proofs to enhance financial market transparency and efficiency, and will also launch a perpetual futures trading platform supporting Arbitrum, Solana, Base, and other L2 solutions.
  • Cointime精选 ·

    Left-Curving DAOs

    For the past twenty one days I have been obsessed with a decentralized project called Higher. If interested in the origin lore you can read more here.
    Left-Curving DAOs
  • Cointime精选 ·

    DAOs as novelty search engines

    DAOs are collaborative networks which are likely to have a unique role in the future. To determine this role, you need to be able to look beyond what is happening today. Like a toddler taking its first steps, the DAOs of today are immature, unsteady and likely to stumble.
    DAOs as novelty search engines

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company
Cointime

Hot Coins

TerraClassicUSD USTC
$0.01311
+ 3.05%
$73360837.55
Terra Classic LUNC
$0.00006258
+ 3.8%
$340166260.87
Axie Infinity AXS
$2.61
+ 4.79%
$421071147.95

Daily Must-Read

01
Paul Atkins, nominated by Trump, has been sworn in as SEC chair
02
Ethereum crashed in Q1. Could May’s Pectra upgrade bring it back?
03
Contrarian Take: How Stablecoins' Disruption of Money Creation Stands in its way to Mass Adoption
04
Atkins Confirmed By U.S. Senate to Take Over SEC Formerly Run by Gensler
05
Time to move on: CT breakup guide
06
Why Trump's Tariffs Could Actually Be Good for Bitcoin