Press Release Today TheBitTimes.com

Superstate announced it raised $14 million in its Series A funding round. The round was co-led by CoinFund and Distributed Global, and attracted participation from several venture capital firms. Superstate will use the money to expand the team, finance private funds. Superstate, an asset management firm looking to modernise infrastructure for investment funds via blockchain technology, has announced it raised $14 million in its Series A funding round . The funding round was co-led by CoinFund and Distributed Global, with participation from Galaxy Ventures, Arrington Capital, Breyer Capital, Road Capital, CMT Digital, Folius Ventures, Modular Capital, Nascent, Hack VC and Department of XYZ. The firm plans to utilise the capital injection to hire new talent as they look to expand the team. According to a news release on Wednesday, the financing will also go towards private funds targeted for Institutional investors . A post highlighting the funding round o...

This week has proven to be a busy one for social media platforms and their bigwig bosses. Twitter rival Bluesky announced an $8 million seed round on the eve of the launch of Threads, Meta’s own rival to Elon Musk’s bird website, just as Twitter announced it has secured a money transmitter license in several US states. Twitter founder Jack Dorsey’s Bluesky launch ed its beta release in February. On Wednesday, it shared a press release announcing an $8 million funding round , led by Neo, that would allow the firm to expand its team and grow the app. Additionally, Bluesky shared news of its first paid service — custom domains. “Domains have so much potential as a personalized way to customize identities and as a decentralized way to verify reputation that builds off the existing web,” Bluesky’s statement read. The firm pointed out that while many of its users already customise their domains, such as US senators, the process “requires some familiarity with domain registrars and DNS...