Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest, boldest and baddest technology news. This is our Monday show, coming to you this week on a Tuesday as, hey, yesterda…
Magic Eden raises $130M, hitting unicorn status at $1.6B valuation
NFT marketplace Magic Eden, launched just nine months ago, has raised $130 million in a Series B round co-led by Electric Capital and Greylock Partners, bringing its valuation to $1.6 billion. Lightspeed Venture Partners also participated alongside previous investors Paradigm and Sequoia Capital. T…
The data doesn't appear to indicate that there is a more attractive way to view NFT activity today. It is, by a number of measuring methods, depressed at the moment. This meets our view of a slump.
This is not an exercise in knocking back a few shots of haterade. Instead, it's a reminder that consumer demand for products like digital collectibles is fickle and ever-changing.
Polygon among $9.3M investment in Paper to help onboard NFT buyers via email
Paper, a crypto-focused payments processing company launched in February, closed a $7.3 million seed round after a $2 million angel investment for a total of $9.3 million in fresh capital.
TikTok says ‘Project Texas’ will bolster security for U.S. users in wake of China data access concerns
Over the weekend, TikTok wrote to Republican Senators to assure them that it’s working on a program called “Project Texas” to bolster data security for U.S.-based users. This was in response to the Senators’ letter to the company dated June 27 that questioned its data access…