The unicorn valuations are still here despite the crypto market's current sea of red, with Blockdaemon being the latest example.The blockchain infrast
The unicorn valuations are still here despite the crypto market’s current sea of red, with Blockdaemon being the latest example.
- The blockchain infrastructure firm said Wednesday it commanded a $3.25 billion post-money valuation after a $207 million Series C led by Sapphire and Tiger Global.
- Blockdaemon had been valued at $1.3 billion in its September 2021 Series B.
- The firm provides back-end support for projects across a number of blockchains. Services include everything from node operations to staking as a service.
- Earlier Wednesday crypto exchange FTX US announced a $400 million funding round that valued the firm at $8 billion.
This is a developing story and will be updated.
Read more: Blockchain Infrastructure Firm Blockdaemon Nabs $1.3B Valuation in $155M Funding Round
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