Crypto Infrastructure Firm Blockdaemon Raises $207M at $3.25B Valuation

Crypto Infrastructure Firm Blockdaemon Raises 7M at .25B Valuation
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. Earlier Wednesday, crypto exchange FTX US announced a $400 million funding round that valued the firm at $8 billion.Blockdaemon provides back-end support for projects across a number of blockchains, with services that include everything from node operations to staking as a service.”The digital…