On Tuesday, Blockworks, a cryptocurrency media firm, announced that it had raised $12 million in funding, resulting in a total valuation of $135 million. The funds, which were led by 10T Holdings, will be used by the company to expand on its product offerings, specifically its Research platform and product suite, according to co-founders Michael Ippolito and Jason Yanowitz. Yanowitz further added that the company’s fundamental belief is that cryptocurrency constitutes an entirely new asset class, and as the industry continues to grow, it will require a media and information platform to provide participants with the necessary information.
Since its inception in 2018, the company has made significant strides, expanding its conference program to include the Digital Asset Summit and Permissionless, which will take place in 2024 and September 2021, respectively. Additionally, in 2021, Blockworks introduced its news platform, and in 2022 it unveiled its research product, Blockworks Research, which includes GovHub, a platform designed to track protocol proposals within the industry. Framework Ventures and cryptocurrency angel investor Santiago Santos were among the investment participants.