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Read more: Crypto Fund Hack VC Is Preparing At least $100 Million Crypto Investments
According to Bloomberg, the negotiations for Anoma crypto venture funding are ongoing, and terms may evolve.
Last year, the Zug-based foundation created Namada, a blockchain aimed at processing private transactions and intertwining itself into existing networks. The project utilizes zero-knowledge cryptography, which, according to the company, allows the transfer of assets between Ethereum and Cosmos chains without revealing user addresses or other details about the transfer.
The Namada blockchain is maintained by the Anoma Foundation, which also provides software to developers for turning their apps into privacy-oriented, distributed solutions. Anoma has also obtained a $25 million early-stage strategic investment from CMCC Global in 2023, after prior rounds led by Polychain Capital and investors including Coinbase Ventures, Maven 11, and Figment.
The Anoma crypto venture financing round corresponds with a larger resurgence in crypto venture capital, with PitchBook data revealing that worldwide investments in digital assets hit $2.01 billion in the first quarter of 2024, more than the total raised in 2023.
Now, with a fresh surge in the digital asset market and political tailwinds in the United States spurred by Republican presidential candidate Donald Trump's pro-crypto position, the investment boom has been propelled even further.
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