đ #CryptoNews: August is a month of huge investments in Web3 startups! đ
- PIP Labs raises $80M, values ââStory Protocol at $2.25B. Backed by a16z Crypto and Polychain Capital.
- Andrena raises $18M to provide decentralized wireless internet.
- Gameplay Galaxy raises $24M for blockchain game.
- Parafi Capital raises $120M for new crypto fund, Lemniscap raises $70M.
- Open Network Ventures launches $40M fund to support early-stage crypto projects.
đ Q2/2024: Crypto startup investment up 2.5% to $2.7B, but transaction volume down 12.5%.
đĄ Orderly Network raises $5M to solve DeFi liquidity problems, supports 6 blockchains: Polygon, Arbitrum, Optimism, Base, Ethereum, Mantle.
đž Echelon raises $3.5M to expand DeFi lending on the Move blockchain.
đ§ Solayer Labs receives $12M to improve Solana network infrastructure.
đ Parlay Labs raises $2M, launches multi-chain no-code platform.
đ° Peregrine Exploration raises $3.6M to develop Level stablecoin protocol.
đ Quai receives $5M to develop Layer-1 blockchain infrastructure.
đą What do you think about these investments? Comment below! đŹ#Blockchain#Web3#DeFi#CryptoInvesting