The post Story Protocol, Sorella, BSX Exchange appeared on BitcoinEthereumNews.com.

The crypto VC community turned out for several startups this week, including Story Protocol’s $80 million series B funding round. The week, between Aug. 18 and Aug. 24, has been buzzing with activity in the crypto venture capital space. According to crypto funding tracker Crypto Fundraising, 32 blockchain startups raked in more than $202 million from various investors in that period. Below we look at a few of the standouts. Story Protocol, $80 million Story Protocol raised $80 million in its series B round. Serial crypto VC firm Andreessen Horowitz led the round, which also saw participation from Polychain Capital, Hashed, Samsung Next, and SparkLabs Global among others.  The series B round pushes the San Francisco-based startup’s total funding to $140 million and values the company at an impressive $2.25 billion. The company aims to tackle what it considers an escalating problem of intellectual property theft, particularly in the era of generative artificial intelligence.  Story’s blockchain network allows IP owners to store their creations on the platform, embedding licensing terms directly into smart contracts. In that way, it ensures that IP owners are compensated whenever their content is used, countering the growing concerns of technology giants using AI models to ingest copyrighted material without proper authorization. Sorella Labs, $7.5 million Next on the list is Sorella Labs, also a San Francisco-based startup. The company secured $7.5 million in funding to further its work to develop tools designed to identify and process maximum extractable value activities on the Ethereum (ETH) blockchain.  Research-driven tech investment company Paradigm led this particular funding round. Other participants included Nascent, Uniswap Ventures, Robot Ventures, and Bankless Ventures.  Sorella Labs plans to use the proceeds to expand its operations and speed up the development of its key products, Brontes and Angstrom. Corn, $6.7 million Corn is another…

---

Filed under: News - @ August 25, 2024 2:42 am