Dates: 29 April 2024 – 05 May 2024. This week’s notable funding rounds according to Coinfactiva.com’s research:
Optimism secures $90M in funding from Andreessen Horowitz (a16z crypto), furthering its role as a Layer 2 scaling solution for Ethereum, aiming to enhance transaction throughput and reduce fees.
Securitize raises $47M in funding for its compliance platform and protocol for issuing and managing digital securities on the blockchain.
Backed raises $9.5M in Series A funding to facilitate the integration of real-world assets onto the blockchain by issuing ERC-20 tokens.
EYWA secures $7M in Seed funding to advance its cross-chain liquidity protocol, aiming to foster interoperability and liquidity sharing across different blockchain networks, thereby facilitating seamless asset transfers and interactions.
Mitosis receives $7M in funding to develop its Ecosystem-Owned Liquidity (EOL) L1 blockchain, empowering liquidity providers with increased bargaining power and asset management capabilities.
X10 secures $6.5M in funding for its hybrid cryptocurrency exchange, aiming to provide users with improved latency, throughput, and liquidity while maintaining self-custody of their assets.
Mocaverse (Moca) raises $5M in a Public sale funding round for its gamified metaverse product, featuring unique Moca beings that users can collect, play with, and trade as NFTs.
MilkyWay receives $5M in Seed funding for its liquid staking solution, allowing users to stake TIA coins and receive milkTIA tokens while retaining flexibility in asset usage.
Baxus secures $5M in Seed funding to develop its blockchain-based trading platform for wine and spirits, ensuring transparency and authenticity in alcohol beverage transactions through blockchain technology.
Agora raises $5M in Seed funding for its cross-chain governance platform, offering end-to-end protocols for decentralized communities and scalable governance solutions.
Shadow War secures $5M in Series A funding for its free-to-play action game, emphasizing skill-based gameplay and rewarding tactical strategy.
Airstack receives $4M in Seed funding to develop its web3 API platform, simplifying data discovery and consumption across the web3 ecosystem via APIs.
LazyBear secures strategic funding of $4M from SalAd Labs, Bee Network, and others for its Web3 crypto trading platform, focusing on perpetual contracts and inclusive trading experiences.
STYLE Protocol secures $2.5M in Seed funding to build decentralized infrastructure for licensing and interoperability of assets and NFTs within virtual environments.
Blade Games secures $2.4M in Seed funding to pioneer trustless gaming infrastructure, focusing on zk-powered games and enhancing player sovereignty within blockchain gaming.
Metale Protocol secures $2M in Seed funding for its peer-to-peer publishing protocol, aiming to incentivize reading through NFT rewards and establish governance content within its DAO.
Resonance Security raises $1.5M in a Pre-seed round to bolster its cybersecurity offerings for both Web2 and Web3 environments, providing tailored security solutions and real-time threat mitigation.
Bull Run Bets raises $500K in Seed funding for its AI-driven online casino, integrating blockchain technology to offer transparent and secure gaming experiences.
Movement Labs secures funding from Binance Labs Fund to develop a modular framework for building and deploying infrastructure, applications, and blockchains using the Move programming language.
OVERWORLD receives funding from DWF Ventures for its web3 free-to-play action-RPG, integrating NFTs and digital ownership to enhance the gaming experience.
TNA secures funding from MH Ventures, CSP DAO, and Cogitent Ventures for its naming protocol native to the Bitcoin mainnet, facilitating decentralized naming services within the Bitcoin network.
Holograph receives strategic funding from Mechanism Capital, Selini Capital, and others for its omnichain NFT infrastructure, catering to creators, developers, and enterprises.
Paragraph secures funding from Union Square Ventures (USV) and Coinbase Ventures for its Web3 publishing platform, enabling Web3 writers, DAOs, and NFT communities to monetize their content.
The Open Network (TON) secures undisclosed funding for its fully decentralized layer-1 blockchain, designed to unite various blockchains and the existing internet to provide a scalable and secure platform.
