DeFi Wallet Raised $40 Million and Focused on the Gaming Industry

Argent, a London-based firm competing to create a DeFi super-app, has raised $40 million in a Series B round of funding. The investment was led by Fabric Ventures and Metaplanet, the investment business of Skype co-founder Jaan Tallinn. Existing investors Paradigm, Index Ventures, and Creandum also participated, alongside new strategic backers Starkware, Jump Crypto, and Animoca Brands. The funds will expedite Argent’s efforts to support a broader range of DeFi and web3 activities. NEW: DeFi wallet Argent raises $40 million and takes aim at gaming (via @RyanJamesWeeks) https://t.co/gEPbNAaeQ4 — The Block (@TheBlock__) April 28, 2022 Co-founder and CEO Itamar Lesuisse said in an interview, “Argent still feels very finance-centric, and we want to play a big role in other NFT verticals — so NFT gaming, virtual real estate.” Additional functionality for crypto games will be developed to realize that ambition, such as infrastructure for onboarding new players and signing in-game transactions. Argent users can currently store non-fungible tokens (NFTs) in their wallets via connections to marketplaces such as OpenSea. Mexico Bound The money raised will also be used to expand Argent’s services throughout Latin America, starting with Mexico, where Lesuisse sees a lot of interest. According to Lesuisse, some funds will be utilized to hire in-house legal, finance, and treasury management expertise and a new research team focused on Layer...