{"id":53965,"date":"2022-10-18T14:01:14","date_gmt":"2022-10-18T12:01:14","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=53965"},"modified":"2022-10-18T14:01:14","modified_gmt":"2022-10-18T12:01:14","slug":"blockchain-research-firm-chainsafe-raises-18-75m-to-support-web3","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/blockchain-research-firm-chainsafe-raises-18-75m-to-support-web3\/","title":{"rendered":"Blockchain Research Firm ChainSafe Raises $18.75M To Support Web3"},"content":{"rendered":"
Canada based blockchain research and development firm, ChainSafe, has just secured $18.75 million in early-stage funding to expand blockchain infrastructure and Web3 gaming<\/strong> services. <\/p>\n The burgeoning Web3 space has not lost its vigour amid slumping crypto prices. As a matter of fact, several startups and conglomerates, alike, are jumping into the Web 3.0 bandwagon at an exponential rate. From Disney to Spain’s largest telecom brand, Telefonica, numerous companies are revamping their strategies to increase their presence in the Web3 space. It seems, despite wild macromarket volatility, the web3 development community is more active now than it has ever been.<\/p>\n <\/p>\n In the latest development, ChainSafe, announced that the company has raised $18.75 million in an oversubscribed Series A funding round backed by prominent industry venture firms<\/strong>. The fundraise was led by Round13<\/strong>, a digital asset focused venture capitl firm with additional participation from NGC Ventures, HashKey Capital, Sfermion and Jsquare including other prominent investors.<\/strong><\/p>\nHow Will the Funding Help?<\/h2>\n