In the month of December, several startups received venture capital funding in the blockchain space. Some of the key highlights include:
- Foresight Ventures disclosed a third $10 million accelerator dedicated to AI, Bitcoin Ordinals, and direct-to-consumer protocols.
- Hong Kong-based GBA Capital pledged $10 billion to establish a Web3 fund.
- South Korean NFT developer Line Next raised $140 million in a funding round led by Crescendo Equity Partners.
- Total deal volume in the blockchain space saw an impressive 81% surge in Q4 2023, reaching $3.83 billion according to data from Messari.
In terms of specific funding rounds, Lolli, a Bitcoin rewards startup, raised $8 million in a Series B round led by BITKRAFT Ventures. NodeKit, a company focusing on decentralized rollups, secured $1.2 million in a pre-seed round. HTX Ventures, the venture capital arm of crypto exchange HTX, invested in companies such as Academic Labs, which uses AI and Web3 technology for digital assets education, and Cumulus Encrypted Storage System (CESS), a blockchain-powered decentralized storage and content delivery network infrastructure. Lastly, the Interchain Foundation announced a $26.4 million budget for its funding program in 2024 to support the maintenance and development of the Interchain Stack, a decentralized blockchain ecosystem.
