Among the most interesting tech stocks on the market, today are a handful of companies that have made a name for themselves by offering a combination of services. 15m Series Pantera CapitalMcsweeney TheBlock companies are Vega, Stacked, Transparent Systems, and also Unstoppable Domains. These are all relatively new startups that have found their footing in the tech world and are bringing in significant revenue. Some of these are also valued at over $1 billion.
Stacked
15m Series Pantera CapitalMcsweeney TheBlock Previously a venture of Alex Lin. The Stacked is an online video platform that offers users the opportunity to stream video content and interact with their fans. It offers video, audio, and text format content, as well as themed communities.
The site also includes a few features that you might not expect, such as live chats and watch parties. It is no surprise that the site has a strong initial user base in the US. But plans to expand into Asia and South America in the near future. The site’s other big claim to fame is its tokenization of a wide range of media formats. It is not difficult to see why the company was able to raise a $12.9 million Series A round led by Pantera Capital.
Transparent Systems
15m Series Pantera CapitalMcsweeney TheBlock Earlier this year, Transparent Systems spun out of its parent company, Vulcan Inc. (co-founded by the late Microsoft co-founder Paul Allen), and also became an independent entity. The Seattle startup is comprised of an interdisciplinary team of financial system gurus. From software and also networking engineers to cryptography experts. Its product, a software solution called Xand, uses tokenized deposits to make real-time payments. A beta version of the service is currently in testing with several major financial services.
15m Series Pantera CapitalMcsweeney TheBlock startup also has a patent pending technology that will make payments faster and also more efficient for both parties. According to company CEO David Fowler, it’s the first time such a product has been commercially available in the U.S.
Unstoppable Domains
15m Series Pantera CapitalMcsweeney TheBlock Using Web3 technology, Unstoppable Domains allows you to register an NFT (non-fungible token) domain. This provides you with a fully owned digital identity that you can use to connect with different decentralized apps. In addition to allowing you to create websites, this service also provides you with a way to receive cryptocurrencies.
The company aims to become a one stop shop for building decentralized digital identities. Users can buy domains for $5 to $20 and have full ownership of the name. The company plans to add new TLDs and additional functionalities in the future. It also plans to use the new funding to fuel product innovation and growth.
Vega
Vega is a decentralized derivatives protocol that aims to reinvent the derivatives market by offering investors a layer 2 solution that can be hosted on any network. Its features include a reward system for creating markets, a way to avoid performance problems associated with layer one blockchains, and an investment bank grade risk management process. The Vega protocol is likely to be a boon to investors in a wide variety of financial products, including options, futures, and bonds.
Vega has a number of high profile investors, including Ripple’s Xpring, NGC Ventures, Monday Capital, Gumi Cryptos Capital, Hashed and the aforementioned VCs. They’ve also received $1 billion in commitments for their newly launched Pantera Capital Blockchain Fund. The fund has a minimum investment of $1 million and is available to qualified purchasers only.
Unstoppable’s $1 Billion Valuation
Previously, Unstoppable Domains had raised $7 million in funding. But now, it’s valued at a whopping $1 billion. Founded in 2018, the startup offers decentralized Web3 identity solutions. Its domains allow users to log into 150 applications without the need to create multiple logins or use cumbersome crypto wallet addresses.
Its unique registration service uses nonfungible tokens (NFTs) on the Ethereum blockchain. NFTs are decentralized, and they act as a personal address across a variety of decentralized applications. They are also a payment address for a wallet. They are stored in a user’s crypto wallet, which is protected by a cryptographic key.
Ripple’s Recent Acquisition of Logos Network
15m Series Pantera CapitalMcsweeney TheBlock, the investment arm of crypto firm Ripple, recently announced the acquisition of payments startup Logos Network. It was launched in May, with two employees, and also has grown to 32 today.
The acquisition of Logos Network is part of a long-term goal by Ripple to build a “peer to peer” financial ecosystem. Specifically, it’s aimed at building decentralized finance products based on XRP, the company’s native token.
Final Words:
Logos Network is a distributed ledger-based payment platform, designed for extreme scalability. It focuses on speed and also security. It’s been built to meet a wide variety of use cases, ranging from digital payments to derivatives.
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