Bruce Croxon’s venture capital firm Round13 led the raise, which also included participation from existing investor ConsenSys, a major Ethereum software company based in New York City. In an interview with The Logic, ChainSafe co-founder and CEO Aidan Hyman said the funding will allow the company to put more resources into blockchain infrastructure development and strengthen its ties with the crypto community. (The Logic)
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Bruce Croxon’s venture capital firm Round13 led the raise, which also included participation from existing investor ConsenSys, a major Ethereum software company based in New York City. In an interview with The Logic, ChainSafe co-founder and CEO Aidan Hyman said the funding will allow the company to put more resources into blockchain infrastructure development and strengthen its ties with the crypto community. (The Logic)
Talking point: The biggest blockchains are worth hundreds of billions of dollars, but they’re powered by open source software, which is free to use and anyone can contribute to. “We are really an extension of the open source peer-to-peer movement,” Hyman said. ChainSafe developers build software libraries, create tools for blockchain gaming and maintain core infrastructure on major protocols like Ethereum, Polkadot and Filecoin. The company makes money through grants from crypto foundations and by monetizing elements of its gaming software. As my colleague Catherine reported, venture funding for Canadian crypto firms is still hot despite an overall slowdown.
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