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Ledger successfully raised $109 million in a Series C funding round as the company looks to expand its operations to fill the growing demand for crypto security.
The company’s main line of products is its crypto wallets which offer optimal levels of protection. At first glance, Ledger’s wallets are shaped like USBs and are fitted with a tiny screen to show confirmation of transactions.
Physical wallets are often safer than software because private keys never leave the device. For comprehensive security, Ledger’s private keys are stored in a certified secure chip, and to send tokens, you must use a smartphone or a laptop.
The company’s main product is the Ledger Nano S Plus – an upgraded version of the classic Ledger Nano S. Priced at $79. The product has a black-and-white display and a USB-C port to plug into your computer.
The new funding round is just an extension, so the company’s valuation remains the same – fixed at $1.41 billion.
New investors participating in this funding round include Digital Finance Group, VaynerFund, and True Global Ventures. The existing investors are 10T, Cite Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, Korelya Capital, and Molten Ventures.
This is not the company’s first funding rodeo: in 2021, Ledger raised $385 million, after which the wallet company went on to sell a million devices between June 2022 and February 2023 and since the company’s creation in 2014, Ledger has managed to sell 6 million devices in total.
Crypto wallets have become more popular against Swiss bank failure, recessionary markets, and crypto firms collapsing. Ledger’s tagline, “Not your keys, not your coins.” becomes increasingly apt in times like these, where crypto owners prefer security over other features in their purchases.
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Big Eyes Coin’s exciting future developments include an exclusive superstore, a premium NFT collection, and a launch on Uniswap.
The meme-coin has successfully raised $32.92 million and is on track to raise $50 million – the final funding goal before Big Eyes Coin goes public on exchanges.
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Website: https://bigeyes.space/
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*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/04/04/big-eyes-coin-chance-earn-5000/