Rally, GlobeDX and SingularityDAO highlight active week for crypto raises

Rally, GlobeDX and SingularityDAO highlight active week for crypto raises

Blockchain projects Rally, GlobeDX and SingularityDAO concluded highly successful private sales this week, offering further evidence that smart-money investors were still eyeing up-and-coming digital asset plays. 

Rally, the so-called “crypto for creators” platform, raised $57 million for its community treasury through the sale of its RLY governance token, the project announced Wednesday. The Rally network now has over 100 creator coins representing various artists, with the top-five creators generating an average of $102,000 in weekly transactions.

Global Derivative Exchange, or GlobeDX, also made headlines this week by concluding an $18 million private raise led by major digital-asset players, including Y Combinator, Pantera, OKEx, CMT Digital and Wave Financial. GlobeDX markets itself as the “next-generation cryptocurrency exchange,” offering higher leverage, market depth and access to the Crypto Volatility Index perpetual futures contract.

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Meanwhile, SingularityDAO concluded a private sale worth $2.7 million, with major contributions from AlphaBit, GBV, SMO Capital, QCP Capital and several others. The DeFi project, which is backed by

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