Skyland Ventures Co., Ltd.
Skyland Ventures joins StakeStone funding round, offering liquid staking token protocol on multiple chains
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Skyland Ventures (Headquarters: Shibuya-ku, Tokyo, General Partner, CEO: Yoshihiko Kinoshita, hereinafter SV), a venture capital fund that primarily invests in seed startups, has invested in Stakestone, which provides liquid staking token protocols on multiple chains. We would like to announce that we have participated in a procurement round.
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About StakeStone
StakeStone is a multi-chain compatible Liquid Staking Token protocol that democratizes native staking yield and liquidity access across layer 2 networks. Specifically, it supports a multi-chain liquidity market based on its native liquid staking token, STONE, providing STONE holders with a variety of use cases and yield opportunities. StakeStone aims to become a higher value-added solution in liquid staking, and plans to expand the services it provides in the future, including the introduction of a Bitcoin restaking function and the liquidity distribution market STONE-Fi. , opening up the future of yield generation and asset utilization across multiple chains. *What is liquid staking?
A DeFi (decentralized finance) system that allows you to deposit virtual currency on a blockchain, receive staking interest, and operate staking proof tokens as an alternative asset. Users can then use the received staking proof tokens as collateral for lending or earn further yield through services that can be operated on DEXs (decentralized exchanges), etc.
Stakeholder comments
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Charles / Co-Founder of StakeStone
We’re excited to partner with Skyland Ventures, whose investment in StakeStone is a powerful endorsement of our vision to redefine DeFi. Their support is a catalyst for our innovative work in liquidity infrastructure, enabling us to push boundaries further with assets like ETH and STONE ETH.
(Japanese translation) We are excited about our partnership with Skyland Ventures. Skyland Ventures’ investment in StakeStone is a strong endorsement of our vision to redefine DeFi. Their support supports our innovative work in liquidity infrastructure and allows us to push the boundaries even further with assets like ETH and STONE ETH.
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Yonkuro / Principle of Skyland Ventures Liquid staking and re-staking are growing as a larger narrative. StakeStone is a liquid staking that allows you to operate Ethereum and operate in the Omnichain ecosystem from a new perspective. This means providing more fluidity to the application layer. We will continue to provide various support, including StakeStone’s expansion into the Japanese market.
About Skyland Ventures
Skyland Ventures (SV) invests in domestic and international startups as a seed VC (venture capital). With the mission of “The Seed Maker,” SV provides seed money to young entrepreneurs and startups in the Internet field. From 2022 onwards, we will be strengthening investment in the Web3 area and generative AI area, and will be operating the incubation programs CryptoLand (Web3) and Arami (generating AI) to create seed startups. In addition, in 2023, we will acquire the naming rights for the Tokushima City Awa Odori Enbujo, where over 1 million people will participate, and will expand the Japanese startup ecosystem and bridge the gap between various players, both in Tokyo and in other regions, across Japan and globally. That’s what I’m aiming for.
URL: https://skyland.vc
Twitter: https://twitter.com/skylandvc
YouTube: https://www.youtube.com/channel/UCpQ0_31ALEoIDGkDIBRuwUQ
Press Kit: https://www.notion.so/skylandventures/Skyland-Ventures-Pres-Kit-821339adc9df435c8dbd5ea4ee2426fe More details about this release:
https://prtimes.jp/main/html/rd/p/000000171.000008324.html