Web3 has attracted significant investment across multiple sectors this week. ZKX raised $6.3M for social trading, Covalent raised $5M for expansion in Asia, NovaNet closed a $3M deal for ZKP technology, and Bitcoin miner Hut 8 received a $150M investment from Coatue Management. 🚀💰

ZKX successfully raised $6.3 million in a funding round led by Flowdesk, GCR and DeWhales. This will help expand the innovative ZKX protocol by introducing new features such as social copy trade pools and improved cross-chain functionality.

Covalent has received $5 million in strategic investments from RockTree Capital, CMCC Global, Moonrock Capital and Double Peak Group. This will help Covalent strengthen its presence in key Asian markets including China, Korea and Singapore.

NovaNet has raised $3 million in seed funding from Finality Capital Partners, Arrington Capital, Avalanche Foundation and Builder Capital. This will help accelerate the development of advanced ZKP capabilities, opening up new opportunities in various sectors.

Hut 8 Corp received a $150 million investment from Coatue Management. This highlights the growing synergy between cryptocurrency mining and artificial intelligence as mining operations shift to support new AI technologies.