{"id":2826,"date":"2024-03-07T07:35:22","date_gmt":"2024-03-07T07:35:22","guid":{"rendered":"https:\/\/cryptofunding.vc\/?p=2826"},"modified":"2024-03-07T07:35:23","modified_gmt":"2024-03-07T07:35:23","slug":"layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair","status":"publish","type":"post","link":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/","title":{"rendered":"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair"},"content":{"rendered":"\n<p>Flare, a pioneering layer-1 blockchain, has confidently secured a remarkable $35 million in a private funding round, with notable contributions from Kenetic, Aves Lair, and other key investors, as per an official press release.<\/p>\n\n\n\n<p>Positioned as a pivotal layer-1 network for data, Flare stands as a formidable supporter of smart contract protocols, with a distinct emphasis on pricing oracles. These oracles play a crucial role in relaying asset prices across various decentralized finance (DeFi) applications.<\/p>\n\n\n\n<p>In a display of unwavering confidence in the project&#8217;s trajectory, early investors have unanimously agreed to extend the token distribution timeline from 2024 to the first quarter of 2026. Furthermore, a prudent selling limit of 0.5% of the daily trade volume has been enforced, aimed at mitigating market sell pressure effectively.<\/p>\n\n\n\n<p>Expressing his appreciation for this pivotal moment, Flare co-founder Hugo Philion remarked, &#8220;Agreements fostering liquidity are instrumental for an evolving ecosystem. At this significant juncture, I extend my heartfelt gratitude to our early supporters for their steadfast advocacy of Flare, solidifying a supportive and mutually beneficial relationship integral to Flare&#8217;s continued growth.&#8221;<\/p>\n\n\n\n<p>Building upon its commitment to fostering a robust ecosystem, Flare previously announced a strategic liquidity measure in October, involving the burning of 66 million tokens per month until January 2026, equivalent to 2% of the token&#8217;s total supply. This proactive step underscores Flare&#8217;s dedication to enhancing ecosystem development and overall vitality.<\/p>\n\n\n\n<p>This impressive fundraising feat follows closely on the heels of the landmark announcement that Google Cloud has joined Flare&#8217;s network as a validator, a development that catalyzed a notable 5% surge in its native token (FLR) last month.<\/p>\n\n\n\n<p>Fueling further optimism, FLR experienced a substantial 13% surge in value on Friday, buoyed by a compelling blog post authored by BitMEX founder Arthur Hayes. Hayes underscored the burgeoning significance of decentralized exchanges in price discovery, emphasizing the pivotal role of on-chain oracles. In this context, he highlighted Flare as a standout project poised for exponential growth.<\/p>\n\n\n\n<p>Bolstered by a wave of positive developments, FLR soared by an additional 3.05% following the announcement of this monumental fundraising achievement, signaling robust investor confidence in Flare&#8217;s future prospects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flare, a pioneering layer-1 blockchain, has confidently secured a remarkable $35 million in a private funding round, with notable contributions from Kenetic, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,25],"tags":[],"class_list":["post-2826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding-round","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair - Crypto Funding<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair - Crypto Funding\" \/>\n<meta property=\"og:description\" content=\"Flare, a pioneering layer-1 blockchain, has confidently secured a remarkable $35 million in a private funding round, with notable contributions from Kenetic, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto Funding\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-07T07:35:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-07T07:35:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2024\/03\/blockchainheadhunter_money_blue_orange_on_black_background_by_C_74298975-9428-44cd-91ca-a1ed810189b3-1024x574.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"574\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Crypto Funding Reporter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Funding Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/\"},\"author\":{\"name\":\"Crypto Funding Reporter\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d\"},\"headline\":\"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair\",\"datePublished\":\"2024-03-07T07:35:22+00:00\",\"dateModified\":\"2024-03-07T07:35:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/\"},\"wordCount\":354,\"publisher\":{\"@id\":\"https:\/\/cryptofunding.vc\/#organization\"},\"articleSection\":[\"Funding Round\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/\",\"url\":\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/\",\"name\":\"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair - Crypto Funding\",\"isPartOf\":{\"@id\":\"https:\/\/cryptofunding.vc\/#website\"},\"datePublished\":\"2024-03-07T07:35:22+00:00\",\"dateModified\":\"2024-03-07T07:35:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptofunding.vc\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptofunding.vc\/#website\",\"url\":\"https:\/\/cryptofunding.vc\/\",\"name\":\"Crypto Funding\",\"description\":\"We connect Crypto, Web3, Blockchain startups &amp; VCs\",\"publisher\":{\"@id\":\"https:\/\/cryptofunding.vc\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptofunding.vc\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptofunding.vc\/#organization\",\"name\":\"Crypto Funding\",\"url\":\"https:\/\/cryptofunding.vc\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/05\/cryptofunding-icon.png\",\"contentUrl\":\"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/05\/cryptofunding-icon.png\",\"width\":247,\"height\":242,\"caption\":\"Crypto Funding\"},\"image\":{\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/cryptofunding1\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d\",\"name\":\"Crypto Funding Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptofunding.vc\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1629c1d09abba5b9d429c618988a6dbc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1629c1d09abba5b9d429c618988a6dbc?s=96&d=mm&r=g\",\"caption\":\"Crypto Funding Reporter\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair - Crypto Funding","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/","og_locale":"en_US","og_type":"article","og_title":"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair - Crypto Funding","og_description":"Flare, a pioneering layer-1 blockchain, has confidently secured a remarkable $35 million in a private funding round, with notable contributions from Kenetic, [&hellip;]","og_url":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/","og_site_name":"Crypto Funding","article_published_time":"2024-03-07T07:35:22+00:00","article_modified_time":"2024-03-07T07:35:23+00:00","og_image":[{"width":1024,"height":574,"url":"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2024\/03\/blockchainheadhunter_money_blue_orange_on_black_background_by_C_74298975-9428-44cd-91ca-a1ed810189b3-1024x574.png","type":"image\/png"}],"author":"Crypto Funding Reporter","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Crypto Funding Reporter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/#article","isPartOf":{"@id":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/"},"author":{"name":"Crypto Funding Reporter","@id":"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d"},"headline":"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair","datePublished":"2024-03-07T07:35:22+00:00","dateModified":"2024-03-07T07:35:23+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/"},"wordCount":354,"publisher":{"@id":"https:\/\/cryptofunding.vc\/#organization"},"articleSection":["Funding Round","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/","url":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/","name":"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair - Crypto Funding","isPartOf":{"@id":"https:\/\/cryptofunding.vc\/#website"},"datePublished":"2024-03-07T07:35:22+00:00","dateModified":"2024-03-07T07:35:23+00:00","breadcrumb":{"@id":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptofunding.vc\/layer-1-network-flare-secures-35m-funding-from-kenetic-and-aves-lair\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptofunding.vc\/"},{"@type":"ListItem","position":2,"name":"Layer-1 Network Flare Secures $35M Funding from Kenetic and Aves Lair"}]},{"@type":"WebSite","@id":"https:\/\/cryptofunding.vc\/#website","url":"https:\/\/cryptofunding.vc\/","name":"Crypto Funding","description":"We connect Crypto, Web3, Blockchain startups &amp; VCs","publisher":{"@id":"https:\/\/cryptofunding.vc\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptofunding.vc\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptofunding.vc\/#organization","name":"Crypto Funding","url":"https:\/\/cryptofunding.vc\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptofunding.vc\/#\/schema\/logo\/image\/","url":"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/05\/cryptofunding-icon.png","contentUrl":"https:\/\/cryptofunding.vc\/wp-content\/uploads\/2023\/05\/cryptofunding-icon.png","width":247,"height":242,"caption":"Crypto Funding"},"image":{"@id":"https:\/\/cryptofunding.vc\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/cryptofunding1"]},{"@type":"Person","@id":"https:\/\/cryptofunding.vc\/#\/schema\/person\/dcb842c822f9d7d9a7a588cc294ed01d","name":"Crypto Funding Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptofunding.vc\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1629c1d09abba5b9d429c618988a6dbc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1629c1d09abba5b9d429c618988a6dbc?s=96&d=mm&r=g","caption":"Crypto Funding Reporter"}}]}},"_links":{"self":[{"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/posts\/2826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/comments?post=2826"}],"version-history":[{"count":1,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/posts\/2826\/revisions"}],"predecessor-version":[{"id":2828,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/posts\/2826\/revisions\/2828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/media\/2827"}],"wp:attachment":[{"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/media?parent=2826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/categories?post=2826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptofunding.vc\/wp-json\/wp\/v2\/tags?post=2826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}