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DeFi Startup Earnity Raises $15M Led by Miner BitNile
Earnity said the platform will allow users to earn, learn about, collect and gift a variety of tokens and portfolios.
By Brandy Betz
Updated May 11, 2023, 5:47 p.m. Published Dec 6, 2021, 3:12 p.m.
Decentralized finance (DeFi) startup Earnity has raised $15 million in a Series A round led by bitcoin mining company BitNile, bringing its total raised to $20 million. Earnity expects to launch its curated financial marketplace for tokens early next year.
- Earnity said the platform will allow users to earn, learn about, collect and gift a variety of tokens and portfolios in a secure, community-oriented way.
- Earnity was founded by Domenic Carosa, who also founded fiat-crypto payment processor Banxa Holdings and co-founded crypto-focused investment fund Apollo Capital.
- Other participants in the round included institutional investors Thorney, which is an Australian Securities Exchange-listed company, and blockchain fund NGC Ventures.
- As part of the leading investment, BitNile’s executive vice president of alternative investments, Christopher Wu, will join Earnity’s board of directors. The two companies will also form joint ventures to develop and co-promote non-fungible tokens (NFTs) and other DeFi products and protocols.
- Ault Global Holdings, Inc., BitNile’s publicly-traded parent company, previously announced plans to split into two companies by spinning off the Ault Alliance business to its stockholders. The remaining BitNile business will provide bitcoin mining and data center operations and pursue DeFi-related initiatives.
- “Earnity is a transformational investment for BitNile as it embarks on not only mining bitcoin, the foundation of the crypto revolution, but also on bringing the benefits of DeFi to individuals worldwide,” said Ault founder Milton Ault in a press release.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
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