Flexa to Raise $14.1M

As reported, investment round was led by 1kx fund, Access Ventures, Nima Capital investment firms, and Pantera Capital
12 April 2019   475

Blockchain-startup Flexa raised $ 14.1 of investment in creating a payment network for retailers, according to a press release.

The 1kx fund, Access Ventures, Nima Capital investment firms, and Pantera Capital hedge fund took part in the financing round. The latter recently raised $ 160 million for its investment project Venture Fund III.

According to representatives of Flexa, the payment network being developed by a start-up will allow retailers to reduce costs. At the same time, the blockchain technology underlying the network is designed to minimize fraud in payments. The startup also plans to release a mobile application that supports cryptocurrency.

The anti-fraud and cost benefits of global cryptocurrency payments are enormous, but there are many barriers to mainstream adoption for merchants and consumers alike. Flexa's going to change that, and very quickly. With this funding, we'll continue to develop our network infrastructure to support our retail network and strategic partners.

 

Tyler Spalding
Co-Founder and CEO, Flexa

In March, Pantera Capital invested in Tagomi, a cryptocurrency broker that was created by Coinbase co-founder Fred Ersam. 

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   71

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.