Blockchain-based crypto startup AERGO has fundraised $30 million in its token sale from such big investors as Arrington XRP, FBG, GBIC, and Sequoia. The last one is known for investing in Apple, Google, PayPal, Oracle, Instagram and WhatsApp, according to the official statement.
AERGO is crypto startup that is supported by a Samsung-backed enterprise blockchain service Blocko. The startup aims to develop a new blockchain protocol and take Blocko’s battle-tested tech to the brand new level by morphing it into an entire end-to-end open-source blockchain platform.
In its announcement, AERGO states it succeeded to receive approximately a billion dollars in allocation requests during the whole sale, though they accepted only $30 million.
It’s far from the first investment by Samsung in crypto space. Previously, Dapper Labs, the company behind the popular in crypto industry dApp CryptoKitties succeeded to attract $15 million in financing led by Venrock (formerly Google Ventures) and Samsung NEXT.
Despite the bear crypto market, more and more crypto startups just begin their journey.
Earlier, Mythical Games, a crypto-related startup based on EOS blockchain network fundraised $16 million in Series A funding from such well-known in crypto industry names as OKCoin and Galaxy Digital’s EOS VC Fund.
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