Novogratz's 'Crypto-Bank' Is Backing Everipedia's Blockchain Pivot

Novogratz’s ‘Crypto-Bank’ Is Backing Everipedia’s Blockchain Pivot

Galaxy Digital, the crypto-asset merchant bank launched by former fund manager Mike Novogratz, has made its first major investment. Everipedia, the decentralized offshoot of Wikipedia, announced Thursday that it had secured $30 million through an equity sale led by Galaxy Digital’s Ecosystem Fund. The funding round was restricted to strategic investors, according to statements. The startup plans to use the proceeds from this funding round to launch its peer-to-peer network, led in part by chief information officer and Wikipedia co-founder Larry Sanger. Everipedia announced last year that it was moving to the blockchain, with its newly-envisioned infrastructure […]

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