Crypto Space Boost: PIP Labs & Fabric Secure $110M in Funding

Major Funding Rounds for PIP Labs and Fabric: A Boost to Advanced Cryptography and IP Protection

This week, two significant funding rounds have taken place in the crypto space, with PIP Labs and Fabric securing a combined total of $110 million. These investments are expected to drive innovation in advanced cryptography and intellectual property protection, two critical components of building a more secure digital world.

PIPS’, the company behind Story, has led a Series B funding round led by Andreessen Horowitz, raising a total of $80 million. With this investment, the company has now raised over $140 million. Story is a Layer 1 solution that aims to symbolize the multi-billion-dollar asset class of intellectual property, enabling creators to safeguard their work in the age of artificial intelligence.

As AI-generated content becomes more prevalent, concerns about intellectual properties have increasingly surfaced. Story aims to provide a secure and transparent platform for creators to manage their IP rights, enabling them to retain control and monetize their work more efficiently and transparently.

Fabric, on the other hand, has secured $33 million in Series A funding led by Blockchain Capital and 1kx. The company plans to utilize this investment in developing cutting-edge cryptographic algorithms, software, and chips. The VPU, a custom silicon chip designed to deliver unparalleled cryptographic performance and efficiency, will be the focus of attention later this year. Fabric’s development of proprietary technology will make it a leader in the cryptography industry, providing innovative solutions for various industries.

Both funding rounds demonstrate the continued confidence that investors have placed in companies that are ahead of their time and pushing boundaries. The companies involved, such as PIP Labs and Fabric, are working on complex issues and developing innovative solutions that could have real-world impacts.

As the crypto space continues to evolve, investments in these areas will be essential in driving widespread adoption and mainstream acceptance. To learn more about the impact of advanced cryptography and IP protection on the crypto space, read our in-depth article on CoinSeeks.com: “Crypto Space Sees Major Funding Rounds for PIP Labs and Fabric”.

The broader implications of these funding rounds are even more significant. They are a testament to the confidence and potential of these investments in the crypto space, as innovation-focused companies like PIP Labs and Fabric continue to make significant strides in their respective industries.