TLDR:
Key Points:
- 34 blockchain startups secured $109.3 million in funding this week.
- Top funding rounds focused on web3, privacy, identity, and more.
This week in the blockchain sector, 34 startups collectively raised $109.3 million in funding rounds. Some key highlights include:
Nexus Laboratories secured a $25 million series A round led by Lightspeed Venture Partners and Pantera Capital to develop a new zero-knowledge virtual machine.
Layer3 raised $15 million in a series A round to change onchain identity and distribution across multiple blockchains.
NEAR Foundation spinout Nuffle Labs garnered $13 million in funding to promote decentralized development.
Ava Protocol completed a $10 million seed funding round to enable cross-chain smart contract automation.
Irys concluded an $8.9 million strategic round to combat misinformation and improve on-chain data management.
Symbiotic secured $5.8 million for its shared security protocol, and Kima Network raised $5 million in pre-seed funding to bridge traditional financial services with decentralized finance tools.
Additionally, Paradigm announced an $850 million fund to support early-stage crypto projects, positioning the firm at the forefront of the next wave of crypto innovation.
