More than $115 million was raised last week alone across a number of crypto startups.
The largest raise of the week was blockchain game studio Proof of Play which netted $33 million in a round led by Andreessen Horowitz.
The firm will use the funding to fuel the growth of its invite-only, on-chain pirate role-playing game, Pirate Nation. Its ambition is to create a decentralized “Forever Game” that does not rely on creator intervention or external servers to continue to operate.
Crypto VC Still Healthy
Bastion, an enterprise-focused crypto custody, wallet management, and digital asset trading firm, raised $25 million. The Web3 startup was launched by two former executives from a16z’s crypto division.
The aim is to enable companies to integrate Web3 infrastructure into their existing enterprise technologies.
Jiritsu raised $10.2 million to further its mission of revolutionizing blockchain solutions with the firm’s groundbreaking Unlimited Verifiable Compute (UVC) technology. It also unveiled its flagship product, a revolutionary asset tokenization platform called Tomei RWA.
Crypto Startups raised $115 million across various verticals last week :
♦️ Proof of Playan, an on-chain game studio, raised $33 million.
♦️ Bastion raised $25 million,which is aiming to offer crypto custody, wallet management and digital asset trading mostly to corporations… pic.twitter.com/QnSrz06302
— Hercules | DeFi (@Hercules_Defi) September 24, 2023
Fuse Finance raised $14 million last week for a service to allow financial institutions the ability to offer regulated digital asset products to customers.
Briya secured $11.5 million for a blockchain-based healthcare data exchange platform. Furthermore, CoinScan raised $6.3 million for a crypto data and analytics platform,
Other notable funding rounds over the past week include Orb, Essential, BeWater, Freatic, GRVT, a
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Author: Martin Young