Funds Raised by Crypto Projects
Worldcoin raised $115 million in a Series C funding round from investors including Blockchain Capital, Andreessen Horowitz (a16z crypto), Bain Capital Ventures (BCV), and Distributed Global.
Worldcoin is developing a Privacy-Preserving Proof-of-Personhood Protocol (PPPoPP) and has built foundational infrastructure, including the Orb hardware and crypto/protocol advancements.
PoPP raised $4 million in a funding round led by Foresight Ventures. PoPP (Proof of Personal Planet) is a decentralized app (DApp) that integrates AI tools and operates on the Web3 framework. It aims to provide a manageable, free-speech, and permanent-storaged DApp for the creator economy.
LabDAO secured $3.6 million in a funding round led by Inflection and Village Global. LabDAO is a decentralized organization focused on open-source drug discovery, facilitating collaboration among scientists and engineers.
They offer the PLEX library, which simplifies running BioML (Biological Machine Learning) tools and allows interaction with the LabDAO exchange.
Sort secured $3.5 million in a Seed funding round led by The General Partnership and Lemniscap. Sort is a development platform for decentralized applications (dApps) that simplifies integrating data from smart contracts into applications.
It provides real-time data, including push notifications for contract events, and offers a developer toolkit for working with contract addresses using Ethereum data.
Openfort raised $3 million in a Seed funding round led by gumi Cryptos Capital and Maven 11 Capital. Openfort is a crypto infrastructure startup that develops a customizable “wallet-as-a-service” software product for game developers and publishers.
It offers frictionless wallet technology through multiple APIs compatible with browser games, PC games (Unity and Unreal Engine 5), and mobile games.
Tanssi Network raised $3 million in a Seed funding round from investors including Arrington Capital, Borderless Capital, Hashkey Capital, D1 Ventures, Hypersphere, C² Ventures, and Jsquare. Tanssi, developed by Moondance Labs, is an appchain infrastructure protocol that simplifies and accelerates appchain deployment for developers.
It offers permission-less and developer-friendly infrastructure tools and services, bridging the gap between developers and the appchain development ecosystem with shared security and interoperability from the Polkadot relay chain.
FastLane raised $2.3 million in a Seed funding round with participation from Multicoin Capital, Polygon Ventures, Shima Capital, Delphi Digital, Everstake, A41, and Symbolic Capital (formerly Hyperedge Capital).
FastLane is a protocol on the Polygon blockchain that incentivizes validators to maintain network health. It employs a hybrid MEV system to reduce transaction spam and reward validators for addressing propagation bottlenecks through an auction system.
GoodGang Labs secured $2 million in a Seed funding round led by Kakao. This Singapore-based avatar communications company specializes in innovative technologies for virtual interactions.
Their flagship product, kiki town, offers efficient voice and avatar motion data transmission in a fully immersive 3D environment. GoodGang Labs is also involved in Web3 development with GangHouse, which enables real-time conversations using non-fungible tokens (NFTs) within the NFT ecosystem.
Narwhal Finance raised an undisclosed amount in a strategic funding round with participation from Animoca Ventures and Hailstone Ventures. Narwhal Finance is a cross-market decentralized perpetual exchange that enables leveraged trading of all asset classes through synthetic assets.
RedStone secured an undisclosed amount in a funding round with participation from Stani Kulechov and Sandeep Nailwal. RedStone is a next-generation cross-chain data oracle that provides pricing data for financial protocols.
TomoChain raised an undisclosed amount in a strategic funding round led by Coin98 Ventures. TomoChain is a highly scalable and secure public blockchain network compatible with the Ethereum Virtual Machine (EVM). It utilizes Proof-of-Stake Voting (PoSV) consensus, offering low transaction fees, fast confirmation times, and strong security guarantees.
OrionX secured an undisclosed amount in a funding round led by Bitfinex. OrionX is a Chilean crypto exchange that offers wallet services in Chile and has plans to expand to Peru, Colombia, and Mexico. Their goal is to surpass one million users by 2024, with the lowest commissions on the market in Chile.