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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

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    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

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    The Biggest Games Releasing in June 2025

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    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

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Former BlockTower investors raise $6.5 million for crypto yield marketplace Superform

February 8, 2024
in DeFi
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Former BlockTower investors raise $6.5 million for crypto yield marketplace Superform
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Superform Labs, a crypto startup founded by two former BlockTower Capital investors and a former Microsoft product manager, has raised $6.5 million in seed and angel funding rounds.

Polychain Capital led the seed round, which included BlockTower Capital, Maven 11, Circle Ventures and other participating companies, Superform said Wednesday. Angel investors in the round included Arthur Hayes, Marc Bhargava, Avi Felman, Michael Bucella and Bryan Pellegrino.

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The seed round closed in November 2022, but Superform waited to announce it alongside the launch of its marketplace in early access mode, Superform co-founder Blake Richardson told The Block. The round was structured as equity with token warrants, he said, but declined to comment on the valuation.

Richardson founded Superform with his former BlockTower colleague Vikram Arun and Alex Cort, a former product manager at Microsoft. At BlockTower, Richardson said he and Arun ran a nine-figure DeFi fund and faced daily challenges managing yield positions on blockchains; that’s why they decided to build Superform.

“Dealing with positions on more than 15 chains at a time was labor-intensive and complicated,” Richardson said. “We left this great role at BlockTower because we needed to build a solution that was accessible to everyone. BlockTower Capital supported us in our transition and became our second largest backer in our seed round,” he added.

Superform, a crypto revenue marketplace

Superform is a permissionless cross-chain yield marketplace that allows DeFi protocols to list their vaults or asset pools. Crypto users, on the other hand, can deposit money into those vaults and earn returns.

See also  Derivatives DEX SynFutures raises $22 million, open to token launch idea

“Superform is the first place to list revenue without permission,” says Richardson. “We are the easiest place to discover, deposit and manage returns because we have abstracted swapping and bridging and made all actions available through a single interface.”

After a user deposits money, Superform creates a tokenized representation of the deposit, called a SuperPosition. This SuperPosition allows for “infinitely comprehensible combinations” of yield, according to Richardson. “Imagine a tokenized representation of liquid reinvested ETH on Arbitrum, deposited into a lending vault on Optimism. Any combination of interactions between Ethereum Virtual Machines (EVMs) is now possible,” he added.

Superform is launching today in early access mode for seven EVM-compatible networks – Ethereum, Arbitrum, Optimism, Base, Polygon, Avalanche C-Chain and BNB Chain – with plans to expand to other blockchains in the future.

Superform uses the blockchain infrastructure of LayerZero, Hyperlane, Wormhole, Li.Fi and Socket for its marketplace, Richardson said. Superform’s public launch is scheduled for the first quarter, he added.

Superform Rewards Program

To reward its users, Superform launches a program called SuperFrens. Season 0 of the show will go live for early access users, and the first season will go live next month with the platform’s open access release, Richardson said.

SuperFrens is a “gamified, on-chain” rewards system, Richardson noted, adding that it allows users to compete with each other to reach the highest rank on the monthly leaderboard.

SuperFrens are fixed-supply NFTs, and collecting multiple NFTs of a tier will qualify users for future rewards and exclusive benefits, Richardson said. He declined to comment on whether these benefits include the native token airdrops, but said that SuperPositions will be convertible to ERC-20 tokens and that Superform will continue to decentralize.

See also  Cardano ($ADA) Holds Third Spot in Crypto Development Activity, Behind Polkadot ($DOT) and Kusama ($KSM)


Tags: BlockTowerCryptoInvestorsMarketplacemillionraiseSuperformYield

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