{"id":131284,"date":"2023-01-18T07:34:06","date_gmt":"2023-01-18T07:34:06","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=131284"},"modified":"2023-01-18T11:07:58","modified_gmt":"2023-01-18T11:07:58","slug":"obol-labs-secures-12-5m-to-build-dvt-on-ethereum-blockchain","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/obol-labs-secures-12-5m-to-build-dvt-on-ethereum-blockchain\/","title":{"rendered":"Obol Labs Secures $12.5M to Build DVT on Ethereum (ETH) Blockchain"},"content":{"rendered":"
Obol Labs<\/strong>, a research and software development firm focused on Ethereum<\/strong><\/a> and other Proof of Stake (PoS) blockchain networks, has raised $12.5 million<\/strong> in a Series A funding round. The fresh capital will help Obol to build out \u201cDecentralized Validator Technology (DVT)\u201d<\/strong> on Ethereum.<\/p>\n The cryptocurrency market has experienced an impressive uptick following the brutal drawdown of 2022. Bitcoin (BTC), Ethereum (ETH) along with other major tokens have performed robustly since the onset of the New Year. It is not just digital tokens, but non-fungible tokens along with decentralized finance (DeFi) activity have also increased. Experts anticipate other sectors including Web3 gaming and metaverse will witness a substantial push.<\/strong> Although the aftershocks from last year may continue to reverberate in the short term, the second half could see a recovery.<\/p>\n We're happy to announce that we've raised a $12.5M Series A led by @PanteraCapital<\/a> and @archetypevc<\/a> to accelerate our journey of scaling & decentralizing PoS networks!!<\/p>\n Some details on why we're excited \ud83c\udf89\ud83e\uddf5#RunDVT<\/a>https:\/\/t.co\/56QgZq7ygU<\/a> pic.twitter.com\/60xFdBkFaX<\/a><\/p>\n — Obol Labs (@ObolNetwork) January 17, 2023<\/a><\/p><\/blockquote>\nFresh Funding to Make Pos Blockchains More Secure<\/h2>\n
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