Swiss company Odsy was valued at $250mn in a new round of financing. Odsy has raised $7.5 million to continue developing decentralized cryptocurrencies.
“Just as each online account requires a login, each blockchain requires a separate wallet, and tracking and maintaining different wallets is a major challenge and headache for users,” explains Blockchange Ventures General Partner Ken Seiff, whose company invested the most in Odsy during its latest investment round.
In April, Sei Labs, a Tier 1 blockchain development company, completed another round of funding in which it raised $30 million on a market valuation of the entire business of $800 million. 
In January, blockchain platform QuickNode completed a $60 million funding round to expand its business. The company said it intends to bring more Web3 developers and users to the site