Bitcoin Staking Project Babylon Raises $70M Led by Paradigm
The funding round included contributions from Polychain Capital and the venture arm of crypto exchange and CoinDesk parent company Bullish.
Funding Rounds
Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain
Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development.
EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum
The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital.
Crypto VC Firm Polychain Tops Up AI Platform Ritual’s $25M Funding Round With ‘Multimillion Dollar’ Investment
Blockchain firms are attempting to address concerns that Big Tech giants like Microsoft, Meta and Alphabet will build an artificial-intelligence oligarchy.
BOB, a ‘Hybrid’ Layer-2 Blockchain Mixing Bitcoin and Ethereum, Raises $10M
The round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management.
Web 3 Startup Tensorplex Labs Raises $3M Seed Funding to Decentralize AI
Tensorplex said decentralization is an antidote to the risk of tech giants monopolizing artificial intelligence, making them prone to biases or censorship.
Bitcoin Ordinals Wallet Oyl Raises $3M With Arthur Hayes, BRC-20 Creator Domo Among Investors
Multiple Ethereum NFT funds were also among the backers, marking their first investment in a Bitcoin-focused company.
Crypto Startup Velar Plans Perpetual Swaps Exchange for Bitcoin DeFi After Raising $3.5M
Crypto trading startup Velar raised $3.5 million to build a suite of DeFi tools for Bitcoin’s nascent DeFi scene
Web3 Gaming Company Saltwater Raises $5.5M Seed Funding
Saltwater closed its seed round on the heels of acquiring gaming developers Maze Theory, Nexus Labs and Quantum Interactive.
Digital Asset Platform Web3Intelligence Raises $4.5M Ahead of New Token Rollout
The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io among other investors.