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The raise comes as quarter-on-quarter venture funding fell sharply in a bear market that’s overwhelmed several companies.

Stepn intends to spend over $6 million of Q2 profits to buy back and burn GMT tokens, plus the game added Ethereum support.

In April, the crypto hedge fund had assets under management totaling $3 billion. In July, the company filed for bankruptcy.

The move brings the embattled lending platform’s total debt across DeFi protocols down to just $59 million.

The company behind popular crypto wallet Gnosis is now building an adaptable, multi-app ecosystem for the custody of digital assets. 

The leading Solana NFT marketplace doubles down on Web3 gaming with Magic Ventures plus the launch of in-game storefronts.

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