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Crypto Portfolio Manager CoinStats Raises $3.2M to Become the Frontpage of DeFi

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Yerevan, Armenia–(Newsfile Corp. – April 12, 2022) – CoinStats, a popular crypto portfolio manager, has raised $3.2 million from leading investors as it executes a pivot to enable DeFi use cases for its 1.2 million active users.

The CoinStats Team

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The round was led by Alex Pack’s Hack VC, with participation from a number of other funds including Mike Dudas’s 6th Man Ventures. The funding is instrumental in financing the development and promotion of CoinStats’ new killer features, which aim to expand DeFi to millions of users.

The raise comes after a phenomenal 2021 for CoinStats, which grew its user base by 8x in 2021 to reach 1.2M monthly active users, cumulatively tracking $500 billion worth of assets (of which $20 billion are guaranteed to exist via synchronized exchange accounts). This helped CoinStats boost revenue by six times in 2021, setting it up for a new product line in 2022. The platform will leverage its strength and user acquisition success to bring integrated DeFi features to its users.

The CoinStats app will enable its users to join DeFi protocols and directly place funds on them in order to earn yield. This makes CoinStats a DeFi aggregator, directing the millions of total users to the protocols listed on the app. This can help push DeFi to the mainstream as the sector remains relatively niche in terms of number of users, despite attracting billions from high net worth individuals.

“With the new funds we will expedite our product development and growth delivering better financial products to our users,” said Narek Gevorgyan, Founder & CEO of CoinStats. “I immensely value the input and support of our investors, their belief in CoinStats’ vision propels us forward.”

“We’re proud to back CoinStats, the largest crypto portfolio manager app in the world,” said Alex Pack, Founder of Hack VC. “Crypto is the first truly new asset class in over a century and it is diverse, with thousands of tokens, NFTs, and dozens of DeFi applications and other DApps where investors can use their tokens. CoinStats has built the essential infrastructure to allow users to truly track what they do with their crypto.”

About CoinStats

Founded in 2017, CoinStats is a free cryptocurrency portfolio management app and DeFi wallet. It provides 1.2 million monthly active users the ability to track their crypto, DeFi, and NFT holdings in real-time from over 300 exchanges and wallet providers all in one place. With over $500 billion worth of crypto managed via the app, CoinStats is on its way to becoming the only platform users will need to explore the ever-evolving world of crypto and DeFi.

Contact:
Dan Edelstein
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120162

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Blockchain

Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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