The unicorn valuations are still here despite the crypto market’s current sea of red, with Blockdaemon being the latest example.

The blockchain infrastructure firm said Wednesday it commanded a $3.25 billion post-money valuation after a $207 million Series C led by Sapphire and Tiger Global.

Blockdaemon had been valued at $1.3 billion in its September 2021 Series B.

The firm provides back-end support for projects across a number of blockchains. Services include everything from node operations to staking as a service.

Earlier Wednesday crypto exchange FTX US announced a $400 million funding round that valued the firm at $8 billion.

This is a developing story and will be updated.


The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


Jan 26, 2022
Jan 26, 2022
Jan 26, 2022
Jan 26, 2022

Read More