September 2, 2024
Blend, a Bitcoin full-chain lending protocol, has recently completed its seed round financing. This round was led by prominent investor Mario Nawfal and the IBC Group, with the Hackquest Community Fund also participating. The exact amount and valuation remain undisclosed. Additionally, Blend has been chosen for the Open Campus accelerator, supported by Animoca Brands and Hackquest, and the BTC Studio, initiated by Wanwu Island and Waterdrop Capital.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
Blend | September 20, 2024 | Seed Round | Mario Nawfal | Bitcoin, Lending |
Blend focuses on providing efficient liquidity solutions for Bitcoin assets by using Bitcoin as collateral. Initially, it plans to deploy its protocol on public chains like Arbitrum and Base, and integrate with decentralized Bitcoin asset solutions such as dlcBTC. This approach aims to enhance Bitcoin’s earning potential and its application in the DeFi sector.
Mario Nawfal, a notable entrepreneur and investor in the U.S., has hosted Twitter Spaces featuring global political and business leaders, including Elon Musk and former Brazilian President Jair Bolsonaro. Blend intends to co-host a Twitter Space event with Nawfal to promote its lending protocol to the senior Bitcoin user community in the U.S., thereby increasing its presence in the cryptocurrency community.
About Blend
Blend.fan is a platform that offers a decentralized finance (DeFi) service where users can supply and borrow various cryptocurrencies. The platform provides a dashboard to manage assets, view net worth, and track the health of your investments. Users can supply assets like Bitcoin, Ethereum, and stablecoins such as USDC and USDT, earning interest on their deposits. Additionally, Blend.fan allows users to borrow against their supplied assets, providing a flexible way to manage and leverage their cryptocurrency holdings.
Website: https://www.blend.fan/
About Investor
Investor: Mario Nawfal
Mario Nawfal is an Australian entrepreneur, investor, and speaker. He founded the Athena Group of Companies, which operates in over 40 countries. He is also known for his work in the crypto industry, having founded the International Blockchain Consulting (IBC) Group and NFT Technologies. Additionally, Mario is a popular figure on social media, especially on Twitter, where he hosts large audio events.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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