Compiled by: Golden Finance
This week, 21 blockchain startups raised $399.7 million in funding. The largest round was raised by Babylon, which raised $200 million. Three projects received seed and pre-seed funding, and 17 projects received other rounds of funding.
The biggest round of financing this week
1.Bitstamp
Bitstamp raises $200 million in M&A funding round with Robinhood.
About Bitstamp
Bitstamp is a trusted global cryptocurrency exchange that has been providing a secure platform for exchanging traditional currencies for top cryptocurrencies since 2011, serving over 4 million individuals and institutions worldwide. Bitstamp’s commitment to security, transparency, and compliance ensures that clients, whether new to cryptocurrency or experienced traders, receive customer-centric support and have full control over their assets.
Pre-seed and seed rounds
2.Glacier Labs
Glacier Labs raised $8 million in a seed round from Foresight X, UOB Venture Management, Laser Digital, KuCoin Ventures, Signum Capital, Cogitent Ventures, Gate Labs, Candaq Fintech Group, Open Digital Infrastructure Group (ODIG), Mask Network, Dewhales Capital, DCI capital (Dutch Crypto Investors), Polkastarter, FounderHeads VC, Contribution Capital, Aza Ventures, PermaDAO, Berkeley Blockchain Xcelerator, and Aptos Network.
About Glacier Labs
Glacier Network is a Layer-2 rollup network that facilitates the development and interaction of decentralized applications (DApps). It provides a comprehensive ecosystem with data configuration for fine-grained control, complete data ownership, and seamless integration of decentralized databases (DDBs) through its native smart contract ecosystem. Glacier Network empowers users to manage data usage for economic benefits, making it a promising platform for building and scaling Web3 applications with programmable data composition solutions.
3.Halo Wallet
Halo Wallet (formerly KuCoin Wallet) raised $3 million in a seed round from IDG Capital, KuCoin Ventures, Hashkey Capital, and Cyberport Hong Kong.
About Halo Wallet
Halo Wallet is a secure and user-friendly cryptocurrency wallet that allows users to manage their assets and gain insights into investment opportunities through social media on the Web3 platform. The wallet supports multi-chain aggregation and has leading security technology, giving users full control over their assets. The wallet also plans to integrate various social media protocols and gradually transition governance rights to the community using the DAO model.
4. Riema Good
Riema Labs (Nubit) raised $8 million in a seed round from Polychain Capital*, Nomad Capital, dao5 (daofive), The Spartan Group, Primitive, OKX Ventures (formerly OKEx Blockdream Ventures), L2 Iterative Ventures (L2IV), GeekCartel, Symbolic Capital (formerly Hyperedge Capital), Big Brain Holdings, Global Coin Research (GCR), Protagonist, Gate Ventures, Animoca Ventures, and Mask Network.
About Riema Labs
Riema Labs is a pioneering entity in the Bitcoin ecosystem, known for its innovative data availability layer that aims to drastically reduce transaction costs. The company’s innovative product is Nubit, the first Bitcoin-based data availability layer that leverages advanced technologies such as native staking and decentralized bridging to enhance data throughput, reduce storage costs, and increase accessibility to the Bitcoin network.
Other investment rounds
5.The Sandbox
The Sandbox raised $20 million in a funding round that included participation from Kingsway Capital*, Animoca Brands*, LG Technology Ventures and True Global Ventures.
About The Sandbox
The Sandbox is a virtual system where players can cultivate, own, and monetize their gaming experiences using SAND tokens on the Ethereum blockchain.
6.XOCIETY
XOCIETY raised $7.5 million in a Series A round with participation from Hashed*, Sui Network*, The Spartan Group, Neoclassic Capital, Big Brain Holdings, Arena-Z, Yield Guild Games (YGG), BreederDAO, Krafton, Mozaik Capital, Taisu Ventures, A41, Avocado Guild, Liquid X Ventures, Good Games Guild, and Cristian Manea.
About XOCIETY
XOCIETY is a gaming metaverse that blends sci-fi and fantasy elements into a unique MMORPG and third-person shooter hybrid where players can actively participate, own avatars, and earn NFT land. With a strong token economy and creator economy, players can shape the future of the virtual world while earning rewards.
7.Mountain Protocol
Mountain Protocol raised $8 million in a Series A round of funding from Multicoin Capital*, Castle Island Ventures, Coinbase Ventures, Bankless Ventures, Department of XYZ, Borderless Capital, Aptos Network, and Cross-Chain Ecosystem Fund.
Introduction to Mountain Protocol
Mountain Protocol is a decentralized network that enables users to borrow and lend without traditional financial intermediaries. Users can borrow by pledging assets such as cryptocurrencies or NFTs. The loan amount is determined by the value of the collateral, and lenders earn interest based on network supply and demand.
8.Odysee
Odysee raised an undisclosed amount in an acquisition funding round from Forward Research.
About Odysee
Odysee is a Web3 video sharing platform focused on anti-censorship, with over 7 million monthly active users. Unlike centralized platforms such as YouTube, Odysee's decentralized nature promotes free and open discussions, allowing users to share a variety of media types including images, articles, PDF files, and audio files, as well as videos.
9.Folks Finance
Folks Finance has raised an undisclosed amount of funding from Danu Ventures in a round of funding.
About Folks Finance
Folks Finance is a non-custodial DeFi protocol that provides financial tools for digital assets. Smart contract technology enables Folks Finance to offer advanced strategies while eliminating the risk of centralized intervention. Users can deposit assets to earn returns or use deposits as collateral for loans. The integration of the Folks Router DEX aggregator enables the protocol to conduct local transactions and be used in combination with other operations. Flash loans provide developers with the key to deep liquidity. Algo Liquid Governance and Cross-Chain Algo Liquid Governance provide the most efficient way to participate in Algorand governance through gALGO and xALGO, and these use cases are expanding rapidly.
10.M^0
M^0 raised $35 million in a Series A round of funding with participation from Bain Capital Crypto*, Galaxy Digital, Wintermute, GSR Markets LTD, Caladan, and SCB 10X.
Introduction to M^0
M^0 is a decentralized currency middleware protocol designed for the digital age. It allows multiple institutions to issue fungible crypto dollars, leveraging top-tier collateral such as short-term U.S. Treasuries. The protocol ensures security and transparency through independent, daily on-chain reserve verification. M0 aims to democratize access to currency issuance infrastructure, enabling institutions to issue crypto dollars while complying with jurisdictional requirements and enhancing liquidity in demand markets.
11.XREX
XREX raised $18.8 million from Tether in a funding round.
About XREX
XREX is a blockchain-driven financial institution that works with banks, regulators and users to transform the banking industry. It provides enterprise-level banking services to small and medium-sized enterprises in emerging markets and user-friendly financial services to users around the world. Since its establishment in 2018, XREX has obtained multiple licenses and provides comprehensive services including digital asset custody, cross-border payments and cryptocurrency trading.
12.Trac Systems
Tap Protocol (Trac Systems) raised $5.6 million in a public sale financing round.
About Trac Systems
Trac Systems is a company focused on blockchain technology, creating innovative products including Trac Core, Tap Protocol and Pipe. Tap Protocol is the leading developer community on Bitcoin, providing features such as fractionalization of Ordinals art and decentralized financial applications built on Ordinals, emphasizing the versatility of the design, including gaming applications, token redemption and multi-send capabilities.
13.Taiko
Taiko raised $4 million in a public sale funding round.
Introduction to Taiko
Taiko is an open source, community-driven project focused on building a decentralized scaling solution for the Ethereum blockchain. They are developing a Type 1 zero-knowledge Ethereum Virtual Machine (zkEVM) that aims to emulate the design and philosophy of Ethereum while providing scalability.
14.GoPlus Security
GoPlus Security has raised $10 million in a Private round of funding from investors including OKX Ventures (formerly OKEx Blockdream Ventures), Hashkey Capital, Fenbushi Capital, Web3Port Labs, Redpoint, Animoca Brands, Quantstamp, Undefined Labs, 7UpDAO, Ash Crypto, Richard Ma, and Presto Labs.
About GoPlus Security
GoPlus Security is a blockchain-driven security solution that redefines the banking experience through collaboration with banks, regulators, and users. It is committed to providing enterprise-level banking services to SMEs and providing user-friendly financial services worldwide. GoPlus Security uses decentralized networks and cutting-edge AI technology to conduct thorough risk analysis, provide intelligent and efficient security services, and strive to create a safer and more user-friendly Web3 environment.
15.Mythical Games
Mythical Games has raised an undisclosed amount in a funding round led by Find Satoshi Lab.
About Mythical Games
Mythical Games is a well-known Web3 video game development studio, known for developing popular games such as NFL Rivals and Blankos Block Party, which are released on the Epic Games Store. They are building a Web3 gaming ecosystem that utilizes blockchain and playable NFTs, enabling players, creators, artists, brands, and developers to actively participate in and benefit from the "play to earn" gaming economy.
16.Avail
Avail raised $43 million in Series A funding. Participants include Founders Fund, Dragonfly Capital, Cyber Fund, SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1 plc, Alliance DAO (formerly DeFi Alliance), Hashkey Capital, LocalGlobe, Superscrypt, RW3 Ventures, Elixir Capital, Altos Ventures, Spark Digital Capital, and LongHash Ventures.
About Avail
Avail is an Ethereum data network that focuses on data availability and accelerates the unification of Web3 through a modular technology stack. Its technology layers include Data Availability (DA), Nexus, and Fusion, which aim to eliminate market fragmentation and provide a unified, secure, and scalable platform that connects various blockchain ecosystems and provides a consistent experience for users and developers. The platform uses proof of validity, coordinated rollups based on zero-knowledge proofs, and Fusion Security to enhance cryptoeconomic security, bridge the gap between different tokens, and create a more integrated and efficient blockchain ecosystem.
17. Stashh Good
Stashh Labs has raised $3.3 million in its latest funding round, with participation from Animoca Ventures, 6th Man Ventures (6MV), Shima Capital, and Hashkey Capital.
About Stashh Labs
Stashh Labs has launched Stashh 2.0, the second iteration of its SoFi-focused NFT full-chain platform. The new marketplace supports crypto NFTs and provides many new use cases for creators and collectors, including unlockable on-chain private content, access control, identity management, and indivisible collectibles.
18.Cookie3
Cookie3 raised $5.5 million in its latest funding round, with participation from The Spartan Group, Animoca Brands, Mapleblock Capital, CMT Digital, GSR Markets LTD, ChainGPT, Hartmann Capital, Polkastarter, Orange DAO, Big Brain Holdings, Castrum Capital, Baboon VC, LD Capital, Dewhales Capital, Oddiyana Ventures, Sebastien Borget, and Miko Matsumura.
Introduction to Cookie3
Cookie3 is committed to creating MarketingFi on the AI data layer, a transparent marketing economy that unlocks value for Web3 users, creators, and businesses, with more than 170 decentralized applications (dapps). Cookie3 is building a MarketingFi platform and Web3 AI marketing solutions to connect projects with the right audiences and create profitable opportunities for both parties.
19.Fhenix
Fhenix raised $15 million in Series A funding. Participating investors include Hack VC, dao5 (daofive), Amber Group, Primitive Ventures, GSR Markets LTD, and Collider Ventures.
About Fhenix
Fhenix is a blockchain platform that pioneered the use of Fully Homomorphic Encryption (FHE) technology to enable confidential smart contracts on public blockchains such as Ethereum. FHE is a cutting-edge cryptographic technology that allows computation on encrypted data without decryption, ensuring that transaction inputs and states remain encrypted throughout the process.
20.Toposware
Toposware has received an undisclosed amount from Polygon in its M&A (mergers and acquisitions) funding round.
About Toposware
Toposware is an innovative research and engineering company focused on creating disruptive technologies for a decentralized and trustless future. They emphasize solving complex problems in cryptography and distributed systems to advance open Internet standards, and their work enables a new generation of multi-chain protocols and interoperable blockchain networks.
21.Milady
Milady raised $5 million in its most recent funding round from DWF Labs.
About Milady
Milady is a popular NFT project known for its unique meme style and strong community engagement. Milady NFT is praised for its unique artistic style and cultural influence in the digital art and cryptocurrency communities. The meme token LADYS of the Milady NFT series is a self-organized digital currency representing luck, charm, beauty and influence.
Source: Crypto Fundraising, Golden Finance
