Monthly Archives: May 2023

Crypto-focused investment firm Multicoin Capital has led a $2.3 million seed funding round for FastLane Labs, a maximal extractable value (MEV0) protocol for Polygon. The fundraise marks Multicoin’s third time backing infrastructure for MEV, a controversial way for validators to earn more money while ordering transactions into the blocks on a blockchain.MEV is a way…

LabDAO, a decentralized autonomous organization focused on open-source drug discovery, has raised $3.6 million in a funding round co-led by Inflection.xyz and Village Global.Other participants in the funding round included North Island Ventures, Seed Club Ventures, ID Theory, Road Capital, Curve Labs, gmjp.lol, Molecule, Gnosis DAO, The LAO, Orange DAO, Beaker DAO, Spaceship DAO, and…

Crypto investor and Tron network founder Justin Sun transferred $4.3 million worth of MakerDAO’s maker (MKR) tokens to crypto exchange Binance early Tuesday.When investors send tokens to an exchange, it often suggests they plan to sell. Representatives for Sun didn’t immediately respond to a request for comment.Blockchain data by Arkham Intelligence show that a wallet…