Crypto Startups Velocity and Nous Research Secure Significant Funding Rounds
Crypto Startups Velocity and Nous Research Secure Significant Funding Rounds
Stablecoin startup Velocity has successfully closed a $38 million Series A funding round, led by Dragonfly and FirstMark, with additional support from notable entities like Coinbase and Ripple. Velocity aims to bridge traditional banking systems with stablecoin usage for corporate clients. Separately, the decentralized AI project Nous Research is reportedly in advanced discussions to raise $75 million, which would value the company at an impressive $1.5 billion.
The crypto industry continues to see significant investment activity, highlighted by recent funding announcements from two distinct projects. Velocity, a startup focused on integrating stablecoins with conventional banking infrastructure for corporate users, announced a $38 million Series A raise. This round was spearheaded by investment firms Dragonfly and FirstMark, and crucially, saw participation and support from major players such as Coinbase and Ripple.
In a parallel development, the decentralized artificial intelligence sector is also attracting substantial capital. Nous Research, a project operating in this space, is reportedly in talks to secure a $75 million funding round. This potential investment would propel its valuation to an estimated $1.5 billion, underscoring growing investor confidence in the convergence of AI and decentralized technologies.