Offline Travel App Maps.Me Raises $50M in Funding Round Led by Alameda Research
The funding will go toward the launch of a multi-currency wallet on Maps.me, enabling decentralized finance (DeFi) features for 140 million users.
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A travel and mapping application with 140 million users worldwide has raised $50 million to integrate decentralized finance protocols into its platform. Leading offline mapping application Maps.me has conducted a $50 million seed funding round to embed decentralized finance tools onto its platform.The funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda Research and also featured participation from crypto venture heavyweights CMS Holdings and Genesis Capital.Maps.me 2.0 will be a wide-ranging application, featuring travel guides, hotel bookings and mapping services, in....
Alameda Research is going all-in on a travel app to jumpstart DeFi adoption How much are 140 million users worth? After a $50 million direct investment in travel app Maps.me earlier in the year, Alameda Research has announced today a $40 million investment in decentralized finance protocol Oxygen, a Solana-based lending platform that will plug into the app. Similar to lending protocols such as Aave and Compound, “Oxygen will first offer borrow-lending services via pools, in which users will deposit their assets and leverage Serum’s on-chain infrastructure to lend according to their desired....
The investment will reportedly allow Reef to implement more cross-chain integrations with Serum and Raydium on Solana. After investing in travel app Maps.me and decentralized finance protocol Oxygen, Alameda Research will be putting $20 million into Reef Finance, the Polkadot-based DeFi platform.According to Reef Finance, Alameda Research will be purchasing $20 million worth of the firm’s native tokens, REEF — roughly 528 million at the current price of $0.03787. The investment will reportedly allow the two companies to collaborate on technology and strategy “in the near future.” Reef CEO....
Earlier on Monday, Parallel Finance announced that it had raised $22 million in a Series A funding round. The investing round for the Polkadot-based DeFi protocol was led by Polychain Capital, alongside Alameda Research, Blockchain Capital, Blockchain ventures, Slow ventures, Lightspeed venture Partners, and CMT Digital, among others. 📢 We just raises $22 Million in […]
NEAR price enters price discovery following the successful completion of a $150 million funding round and exponential ecosystem growth. The layer one (L1) battle is starting to heat up again and multiple protocols have seen their token values rise in recent weeks as traders venture out to see what life is like outside of the Ethereum (ETH) network. One L1 protocol that has seen its token price climb to a new all-time high this week was NEAR, a community-run cloud computing platform focused on interoperability and lightning quick transaction speed.Data from Cointelegraph Markets Pro and....