Blockdaemon, the leading institutional-grade blockchain infrastructure company for node management and staking, today announced it has acquired Gem.

Blockdaemon, the world’s largest blockchain infrastructure company for node management and staking, announced an innovative, industry-first insurance policy to protect its customers—including Fortune 500 enterprises, banks, custodians and trusts—from the downside of blockchain staking slashing events.

Blockdaemon, the leading institutional-grade blockchain infrastructure company for node management and staking, today announced a strategic investment in StakeWise, a liquid staking protocol on Ethereum, as they together build the world’s first Eth2 liquid staking solution for financial institutions and large tech companies.

Rug pulls are a lucrative scam in which a crypto developer promotes a new project—usually a new token—to investors, and then disappears with tens of millions or even hundreds of millions of dollars.

Blockdaemon is a leading provider of blockchain services, with more than $10 billion USD in assets staked via their institutional grade infrastructure. The platform is joining the Elrond Network as a staking provider.

Konstantin Richter-Top 25 Crypto Executive for 2022. “These leaders set themselves apart by their ability to execute on their convictions, moving with great speed to innovate and advance the overall field with their particular contributions to the ecosystem."

Blockdaemon Raises $207M to Further Acquisitions, DeFi Fun. The fresh injection of capital will allow the firm to accelerate strategic acquisitions, continue to develop its product suite and to launch a DeFi fund, Blockdaemon said

Crypto Infrastructure Firm Blockdaemon Raises $207M at $3.25B Valuation. Sapphire and Tiger Global led the latest round, which follows a $155 million Series B last September.

Blockdaemon Raises $207 Million Series C at $3.25B Valuation: The round was led by Sapphire and Tiger Global, with participation from existing investors SoftBank Vision Fund 2, Boldstart Ventures, StepStone Group, Matrix Capital Management, and Lerer Hippeau.

Last year, the market capitalization of cryptocurrencies reached $3 trillion USD. DeFi now has a total value locked (TVL) of $100 billion USD on Ethereum alone. But NFTs have been the most surprising, flanked by complementary areas l like metaverse and GameFi. Foreseeing such developments is notoriously difficult. Nevertheless, we dare to make predictions for the year 2022.