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Blockchain Startup Secures 80 Million Dollars and Suddenly Everyone’s an Expert on the Future of Decentralized Everything

BitcoinCrypto NewsRegulation/Negotiation 1 Kevin Nelson August 22, 2024

An illustration of an artist holding a paintbrush over their shoulder as they stand in front of a large canvas with various shapes and colors splattered across it; behind them is a cityscape at sunset, while on either side are two giant screens displaying code lines scrolling rapidly upwards; below the artist's feet lies a small blockchain chain made up of tiny IP tokens. The entire scene glows softly as if illuminated by an inner light source.

Ahahahaha! Here we go again – another overhyped blockchain startup trying to make a buck off of naive investors who think that “Web3” is more than just a meaningless buzzword created by crypto bros looking for their next get-rich-quick scheme.

Source: cointelegraph

PIP Labs secures $80M for Story Protocol, valuation hits $2.25B
https://cointelegraph.com/news/pip-labs-secures-80-m-story-protocol-valuation-hits-2-25-b
Palo Alto-based startup PIP Labs has announced an $80-million Series B funding round co-led by a16z Crypto and Polychain Capital to support the development of Story Protocol, a layer-1 blockchain designed specifically for managing intellectual property (IP). Several other investors participated in the round, including Hashed, Foresight Ventures, Samsung Next, Mirana Ventures, SparkLabs Global and angel investors. In total, PIP Labs has received $140 million in funding, with a16z Crypto […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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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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