{"id":76098,"date":"2023-03-23T20:39:02","date_gmt":"2023-03-23T18:39:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76098"},"modified":"2025-09-10T15:24:50","modified_gmt":"2025-09-10T12:24:50","slug":"radix-blockchain-developers-raise-10-million-at-a-400-million-valuation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/radix-blockchain-developers-raise-10-million-at-a-400-million-valuation\/","title":{"rendered":"Radix blockchain developers raise $10 million at a $400 million valuation"},"content":{"rendered":"

The Radix project, which is developing a “radically” new blockchain, closed a funding round of $10 million at a $400 million valuation. This is reported by The Block<\/a>.<\/p>\n

<\/p>\n

The sole investor was DWF Labs. It allocated $8 million, committing to provide an additional $2 million in the near future. <\/p>\n

A firm specializing in Web3<\/a> has been buying Radix (XRD) tokens daily since December. DWF Labs’ portfolio includes more than 15 projects, including Conflux, Orbs, Synthetix and Onomy Protocol.<\/p>\n

Radix was founded in 2013. Initially, it was a blockchain-focused research project. In 2021, the startup raised $12.7 million in financing.<\/p>\n

\n

“Radix has its own consensus system, runtime and programming language,” said the startup’s head Piers Ridyard.<\/p>\n<\/blockquote>\n

The startup plans to launch its mainnet, Babylon, in the second quarter of this year. According to Ridyard, more than 50 projects will soon build DeFi- and NFT-platforms on Radix, using the Scrypto programming language. <\/p>\n

Earlier in the autumn of last year, Mysten Labs raised $300 million<\/a> to build the Sui blockchain. In November 2022, developers launched a testnet<\/a>, and in December disclosed details<\/a> of the native token distribution after the mainnet launch.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Radix project, which is developing a “radically” new blockchain, closed a funding round of $10 million at a $400 million valuation.<\/p>\n","protected":false},"author":1,"featured_media":76099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2338,1133],"class_list":["post-76098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-radix","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76098"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76098\/revisions"}],"predecessor-version":[{"id":76100,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76098\/revisions\/76100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76099"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}