January 22, 2025
Corn, a decentralized finance (DeFi) platform, has raised $8.3 million through a community-focused funding round, referred to as "ICO 2.0." The raise, conducted on Legion’s platform, attracted 675 new investors from 102 countries. This round aimed to expand Bitcoin's liquidity and presence within the DeFi sector, with a focus on building a robust network of early-stage investors.
The "ICO 2.0" funding initiative utilized social and on-chain activity verification to ensure alignment with participants from projects such as Babylon Labs, Arbitrum, and Kaito AI. This strategy led to significant interest, with the raise being oversubscribed by 7x, totaling $69 million in requested allocations. Corn is specifically focused on Bitcoin Finance (BTCFi) and aims to enhance Bitcoin’s role in decentralized finance.
Financial details for this raise highlight the growing investor confidence in the DeFi space. Corn plans to use this funding to expand its network and further develop its platform, continuing its emphasis on Bitcoin's integration into decentralized finance.
About Corn
Corn is a DeFi platform designed to enhance Bitcoin’s liquidity and usage in the decentralized finance sector. The platform focuses on building a community of early-stage investors and industry participants who are aligned with its vision for Bitcoin in DeFi.
Website: https://usecorn.com/
X: @use_corn
About Investor
Babylon Labs
Babylon Labs is a blockchain and decentralized finance-focused investment firm. The company supports early-stage projects that are building infrastructure and ecosystems for decentralized financial systems. Babylon Labs’ mission is to drive the growth of blockchain technologies and expand the role of decentralized finance in the broader economy.
Location: Palo Alto, California
Website: https://babylonlabs.io/
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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