validator

Kiln Rakes In $17M During Uncommon Crypto Fundraising Efforts for Revolutionary Staking Tech Provider

Gettyimages 1176138188
According to PitchBook data, VC investments in crypto companies are down by 68% in 2023 compared to 2022. But that’s a small number compared to 2022, the year during which crypto companies raised $30 billion. French crypto startup Kiln just closed a $17 million funding round in December 2023. As a reminder, staking consists in locking crypto assets in a blockchain to secure a blockchain and its transactions. Several proof-of-stake blockchains let its users stake crypto assets, such as Polygon, Solana and Avalanche.