funding News

Fenix Finance, a decentralized exchange (DEX) protocol on the Blast network, has secured a $300,000 seed investment round, according to an announcement. Layer-3 protocol Orbs, which doubles as Fenix’s technology partner, led the seed funding round. Fenix to deploy funds…

Sonic, Solana’s first layer 2 gaming infrastructure protocol, has secured $12 million in a series A round that attracted multiple venture capital investors.

The total funding in the cryptocurrency ecosystem has now exceeded $100 billion, underscoring the massive investment pouring into the sector since its inception.  According to data provided by DefiLlama, crypto projects have raised a staggering $101.36 billion across 5,287 funding…

The NEAR Foundation has announced that new spin-off platform Nuffle Labs, formerly NEAR Modular, has secured $13 million in funding. Nuffle Labs is spinning out from NEAR Foundation and Pagoda, with the new venture set to focus on improving NEAR’s…

Irys has successfully concluded a strategic funding round led by Lemniscap in an effort to improve on-chain management and combat misinformation. Irys, previously known as Bundlr Network, is a storage layer innovator dedicated to scalable on-chain data solutions. It has…

Decentralized AI developer GaiaNet challenges the centralized artificial intelligence status quo by leveraging blockchain tech for a new paradigm. 

Recent VC successes from the past week include Humanity Protocol, Arch Labs, Uxuy, Arcium, Zest and Zeal. But only one startup boasts a $1-billion valuation.

In a whirlwind of funding activities, several projects in the blockchain and cryptocurrency space have recently secured significant investments from venture capitalist firms.

The Starknet Foundation announced the launch of a $5 million grant program for 200 crypto project teams.

The Arbitrum Foundation has officially opened applications for the third phase of its funding plan, which will run from April 15 to the end of June.

New York-based venture capital Hack VC has secured a $150 million investment to bolster the crypto industry.

Enterprise-grade staking platform Kiln announced the closing of a $17 million funding round to help expand its global footprint.

Ringfence has announced the successful closing of its $1.5 million seed round

According to PitchBook, overall crypto funding plunged over 60% in Q3 2023 compared to the same period in 2022. Cryptocurrency exchange Coinbase has become the latest company to decrease support for crypto-related startups, as investment sentiment has become decidedly more…

Blockchain.com’s latest funding reportedly leaves its valuation at less than half of its $14 billion back in 2022. Blockchain.com, the company behind a cryptocurrency wallet and an exchange, has raised $110 in a Series E funding round led by British…

Moonveil Entertainment, a web3 gaming studio, has unveiled a $5.4 million seed investment round, co-headed by Gumi Cryptos Capital and Arcane Group. The investment was spearheaded by Gumi Cryptos Capital and Arcane Group, with additional contributions from Longhash, IOSG, and…