The funds will be used to support the network’s integrations and provide more engineering resources for the team.
The project is led by a former Huobi executive and includes the participation of investors including Multicoin Capital and Polychain Capital.
The funding will be used to develop Enso’s platform and expand its community.
The Substrate-based chain is also working on a proof-of-concept “non-custodial” bridge for EVM chains to connect with the Bitcoin network.
Silicon Valley's Saddle is solving the stablecoin spread that currently dogs DeFi.
The round, said to be in the in the "tens of millions," was led by cryptocurrency venture capital firm Polychain Capital.
The decentralized information marketplace, currently in beta, said the investment will help it improve the user experience.
The fund has raised $307 million in its four-year history of investing in crypto and SAFTs.
The funding comes at a time when DeFi has seen an explosion in growth.
Tezos-based "tokenized hedge fund" StakerDAO is now live after distributing its STKR governance token to funding round partners.
Bitcoin broker River Financial has closed a $5.7 million seed round to secure additional U.S. money transmitter licenses.
An investor document obtained by CoinDesk charts the dramatic ups and downs of the first four years of Polychain Capital’s cryptocurrency hedge fund.
Cryptocurrency investment firm Polychain Capital is targeting $200 million for a second venture fund.
StakerDAO will allow participants to vote on where to best earn rewards as validators in a given proof-of-stake network.
"The investment committee is looking for projects that will add long-term value to the Polkadot ecosystem."