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Web 3 Service Provider ScienceMagic.Studios Raises $10.3M From Coinbase Ventures, DCG, Others

ScienceMagic.Studios aims to help early-stage Web 3 companies create a brand and engage in communities.

Updated May 11, 2023, 5:36 p.m. Published Jun 14, 2022, 8:12 a.m.
Money (Sharon McCutcheon / Unsplash)
Money (Sharon McCutcheon / Unsplash)

ScienceMagic.Studios, a company that creates and advises on non-fungible token (NFT) and social tokens, has raised $10.3 million in a pre-seed round, according to a press release.

  • The company is a venture between ScienceMagic.Inc, macro investor and RealVision founder Raoul Pal, and crypto research firm Delphi Digital.
  • The New York-based firm raised the investment from Liberty City Ventures, Digital Currency Group (DCG), Coinbase Ventures, Noam Gottesman and Alan Howard. DCG is the owner of CoinDesk.
  • ScienceMagic.Studios will assist Web 3 companies in multiple stages of development ranging from early-stage branding to the creation of digital assets. The funding will help the company scale in order to meet demand.
  • "Digital assets offer huge potential for brands to engage with their communities in a new way, and for talent to realize the true value from their work for the first time. But many brands are just starting to understand this," said David Pemsel, CEO and co-founder of ScienceMagic.Studios.

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  • French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
  • The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
  • The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.