Animoca’s TinyTap Secures $8.5M Funding Prior to Binance IEO

Animoca’s TinyTap Secures $8.5M Funding Prior to Binance IEO

Time Stamp: April 25, 2023 9:24 AM
  1. TinyTap raises $8.5 million in a financing round.
  2. Sequoia China and Polygon participate in the funding.
  3. TinyTap valued at $100 million ahead of Binance IEO.

Animoca’s blockchain education subsidiary, TinyTap, has announced an $8.5 million financing round ahead of its Initial Exchange Offering (IEO) on Binance. Business Insider reported that the funding round saw participation from prominent investors such as Sequoia China and Polygon, bringing the company’s valuation to a staggering $100 million.

TinyTap, which focuses on blockchain education, aims to leverage this funding to further develop its platform and expand its reach. The company’s successful fundraising round highlights the growing interest in blockchain technology and its applications in various sectors, including education.

The involvement of major investors like Sequoia China and Polygon further validates the potential of TinyTap’s blockchain-based educational platform. As the company prepares for its Binance IEO, it has successfully positioned itself as a frontrunner in the blockchain education space.

The forthcoming IEO on Binance will provide TinyTap with an opportunity to raise additional capital and increase its visibility among potential investors. As the blockchain sector continues to evolve, innovative companies like TinyTap are garnering attention and investment, demonstrating the ongoing growth and adoption of this technology across industries.

Tags: Animocacrypto fundingIEO

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