The investment round was led by Dragonfly Capital and included participation from Paradigm, Moderne Ventures and Coinbase Ventures and SBI Investment.
The investment round was led by Dragonfly Capital and included participation from Paradigm, Moderne Ventures, Coinbase Ventures and SBI Investment.Cryptocurrency payments network Mesh has acquired unicorn status with a $75 million Series C funding round, which valued it at $1 billion.
Cryptocurrency payments network Mesh acquired unicorn status with a $75 million Series C funding round that valued the company at $1 billion. The fund raise, coupled with the ceremonial significance of Mesh acquiring unicorn status, may demonstrate confidence in crypto infrastructure projects despite a relatively depressed market. Mesh said part of the $75 million raise was settled using stablecoins to demonstrate that is infrastructure is "ready for high stakes, real-world use." Cryptocurrency payments network Mesh acquired unicorn status with a $75 million Series C funding round that valued it at $1 billion. The round was led by Dragonfly Capital and included participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment and Liberty City Ventures, The fundraise, coupled with the ceremonial significance of Mesh acquiring unicorn status, demonstrates that even during a relatively depressed spot market, investors are ploughing capital into infrastructure that can help fulfil crypto's promise as a tool for improving how global finance operates. Mesh said its aim is to connect the fragmented world of crypto payments while bypassing the slow settlements and higher fees found in traditional finance . It does this by being asset agnostic, allowing consumers to make payments using any asset they hold and merchants to receive instant settlement in their preferred stablecoin. "Fragmentation creates real friction in the customer payment experience," Bam Azizi, Mesh's co-founder and CEO, said in the statement. "We are focused on building the necessary infrastructure now to connect wallets, chains, and assets, allowing them to function as a unified network." Mesh said part of the funding was settled using stablecoins to demonstrate that is infrastructure is "ready for high stakes, real-world use."Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products , games and experiences , and a widely distributed token . While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.Standard Chartered warned that U.S. regional banks are the most exposed to stablecoin disruption due to their heavy reliance on net interest margin for revenue. The bank projected that one-third of the growing stablecoin market will be sourced from developed market bank deposits, totaling an estimated $500 billion outflow by 2028. A legislative standoff over whether stablecoin providers can pay interest is stalling market structure legislation, though Standard Chartered still expects a March passage.23 hours ago
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