Hardware wallet manufacturer, Ledger, has raised an additional $108 million in funding for its Series C round, bringing its total raised in 2021 to $385 million. The French startup’s high-security wallets protect crypto assets by storing private keys on the device, and it estimates its hardware secures 20% of cryptocurrencies and 30% of NFTs worldwide. The latest product, the Ledger Stax, is designed to manage NFT collections and features an E Ink display. While a data breach in 2020 led to phishing campaigns, Ledger continues to be a top choice for secure crypto asset storage.
Fetch.ai, a UK-based startup focused on building decentralized machine learning tools, has secured $40m in funding. The company is leveraging blockchain technology and FET tokens to enable communication and actions between AI applications, with a view to making the work produced by them more actionable. Fetch.ai’s platform aims to create a new paradigm for developers and entrepreneurs by offering a decentralized approach to machine learning. The funding has been provided by DWF Labs, an incubator connected to an entity called Digital Wave Finance.
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