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$16 Million Down the Drain: Hypernative Proves Yet Again That Throwing Money at Web3 Security Is a Genius Idea

Crypto NewsInstitutional InvestorsRegulation/Negotiation 1 Doug Martinez September 9, 2024

A illustration depicting a giant drain pouring money into the ground ($16 million), surrounded by broken chains and shattered locks (representing failed attempts at securing it). In the background, a cityscape of Web3 projects is shown with Hypernative's logo prominently displayed on top. A few scattered coins are seen flying out of the drain, symbolizing wasted resources.

The never-ending gravy train that is cryptocurrency funding rounds! Another day, another $16 million dropped on a company called Hypernative, because what could possibly go wrong with throwing money at Web3 security? I mean, it’s not like the blockchain is just one giant honeypot for hackers and scammers. But hey, let’s keep pouring in that cash, right?.

Source: bitcoin.com

Hypernative Secures $16 Million in Series A Funding to Enhance Web3 Security
https://news.bitcoin.com/hypernative-secures-16-million-in-series-a-funding-to-enhance-web3-security
Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial intelligence (AI)-driven security solutions tailored for the Web3 ecosystem. In a blog post, Hypernative revealed that the Series A round, which also attracted investments from Bloccelerate VC, Boldstart Ventures, Borderless Capital, and CMT Digital, has brought the company’s […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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