Crypto funding: Membrane Labs lead a $59M week

Also, a new Google-enabled crypto wallet could sell to the general public

October 14, 2023 10:00 am

Gevorg Simonyan/Shutterstock modified by Blockworks

Seven crypto startups raised about $59 million this week.

Account Labs raised $7.7 million to build a self custodial, Polygon-based UniPass Wallet, which will reportedly be focused on peer-to-peer stablecoin transfers.

Also a boon for the upcoming wallet: it’s enabled by Google. Specifically, this means users can use existing Google logins to set up a new address.

This is slightly similar to how Trust Wallet works — since, like UniPass, it uses Google login as a form of authentication — though Trust Wallet uses multi-party computation. UniPass won’t initially be available for iPhones, since the app Android-only at present.

Other notable fundraises

Untangled Finance, which deals in tokenized assets and other products, secured $13.5 million in a seed funding round.
RepubliK, a platform for Web3 creators to monetize their work, raised $6 million at a $75 million valuation from OKX Ventures and others.
NFT-based fantasy horse racing provider Game of Silks raised $5 million.
On-chain data analytics platform Parsec raised $4 million, with Galaxy Digital leading the round.

Updated Oct. 16, 2023 at 12:30 pm ET: Removed references of a Blockaid funding round.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Newsletter

Blockworks Daily

Upcoming Events

Permissionless III Hackathon

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

learn more

Permissionless III

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

learn more

Digital Asset Summit 2025

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

recent research

Research

SKALE: The Chain Subscription Model

SKALE is a network of EVM-compatible chains with pooled security. SKALE stands out by offering a gas-free blockchain experience for end-users. It is able to do this by shifting validator compensation to developers. This business model has allowed SKALE to find traction in the gaming sector, demonstrated by the activity in the Nebula and Calypso hubs. As the network matures, SKALE chain growth will be a key metric to follow as the network’s economic sustainability depends on new chains joining the network and paying their monthly subscription fee.

by Carlos Gonzalez Campo