velocity

According to Fortune, the venture capital firm Escape Velocity has completed its second round of fundraising, raising a total of $62 million, primarily to support DePIN (Decentralized Physical Infrastructure) and broader projects in the cryptocurrency space.The fund attracted notable investors, including Marc Andreessen and Ribbit Capital founder Micky Malka, with the largest contributor, Cendana, contributing $15 million. Escape Velocity co-founder Mahesh Ramakrishnan stated that although the DePIN sector is currently facing a market downturn, he believes that decentralized physical infrastructure will see breakthroughs. The company has previously invested in DePIN projects such as Daylight and Glow in the solar energy sector and plans to continue seeking high-quality projects that go beyond market hype.

Chainatcher message, the integrated all-in-one liquidity hub Honeypot Finance announces that the Velocity Pre-TGE points incentive campaign has begun, aimed at rewarding active community members who contribute to its DeFi, NFT, and social ecosystem.It is reported that community members can earn "Pot Points" by completing a series of designated tasks, participating in key ecosystem activities, and successfully inviting friends to join. These points will be crucial for obtaining the project token HPOT in the future.

ChainCatcher news, Velocity Capital investor DeFi Cheetah posted on X stating that through an unverified private channel, he heard rumors about the financing of pump.fun including:No airdrop, but a whitelist will be set for the public sale;The financing target for the public sale is $800 million, with a valuation of $5 billion;VC will also have a quota of $200 million, with the same valuation of $5 billion;The public sale will take place on most mainstream CEXs, which are all preparing for it.Previously, Blockworks reported earlier that pump.fun plans to raise $1 billion through token sales, with a valuation of $4 billion.

ChainCatcher news, digital advertising platform EarnOS announced the completion of a $5 million seed round financing, led by Escape Velocity (EV3), with participation from Animoca Brands, GD1, Laser Digital, XION, Mysten Labs, and Opacity Network.The beta version of the EarnOS platform was launched by XION, with brands such as Uber, Baskin Robbins, Sunglass Hut, and The North Face joining during the beta release of EarnOS.According to RootData, EarnOS is a digital advertising platform where third-party brands can acquire customers and offer rewards. It leverages XION's chain abstraction to open up new ways for mainstream brands and enterprises to incentivize over 5.5 billion active internet users.

ChainCatcher news, Pantera founder Dan Morehead stated in a recent interview that in 2013, people were worried about regulators cracking down on Bitcoin, but the situation is completely different in 2024. Bitcoin has reached "escape velocity" and will not go backward.In 2013, media coverage was mostly negative, focusing on the Silk Road incident and ignoring the positive impacts. Although the U.S. once banned gold, now 50 million Americans hold cryptocurrency. Most Americans are under 40, but in the past three years, 90% of the wealth created by the monetary policies of the Federal Reserve and Congress has flowed to those aged 70 and above, which is essentially a massive transfer of wealth from the younger generation to the older generation.

ChainCatcher news, cryptocurrency analyst James Check stated in the market report on May 21 that BTC could rebound to $73,000, which may mark the asset beginning to accelerate to "escape velocity."Check stated: "While the transition from enthusiasm to euphoria can happen quickly, it feels like we have not yet reached the euphoric escape velocity. This price level is also where STH (wallets holding Bitcoin for less than 155 days) are now 'well in profit,' which could lead to sell-offs and create some resistance."Additionally, several other cryptocurrency analysts also believe that the market's excitement has not yet materialized.It is reported that "escape velocity" is a term used in astrophysics to describe the minimum speed required for an object to break free from the gravitational field of a celestial body (such as a planet or moon) without further propulsion. James Check uses this term to describe what might happen next with Bitcoin.

ChainCatcher news, according to The Block, the crypto venture capital firm Escape Velocity has raised $25 million for its first crypto fund, with the total amount potentially reaching the $30 million cap before officially closing in the coming weeks. Notable venture capital partners from firms such as Castle Island Ventures, A16z, and Framework Ventures, as well as senior partners from Apollo Global Management, participated in the funding.It is reported that the new fund will invest in early-stage projects, with investment sizes ranging from $250,000 to $1 million, and the funds will be deployed over three years. The fund has already made five investments, including Xnet and Andrena. The two co-founders of Escape Velocity, Mahesh Ramakrishnan and Salvador Gala, are both former Goldman Sachs employees. (source link)