February 4, 2025
Here’s your Weekly Wrap of all things crypto funding, ending February 1, 2025.
This week’s crypto funding landscape was marked by substantial investments across key blockchain sectors, reflecting strong investor confidence and sustained interest in emerging technologies. The total disclosed funding reached $326.22 million across multiple projects, with Social, Mining, and Data emerging as the standout categories. These sectors collectively demonstrated blockchain’s expanding role in financial infrastructure, decentralized applications, and digital identity solutions.
Below is a summary of projects receiving funding this week:
Category | Organization Name | Project Description | Money Raised this Round |
Bitcoin |
|
| 23,500,000 |
Elastos | BTCFi protocol | 20,000,000 | |
Pell Network | Omnichain BTC restaking technology | 3,500,000 | |
Data |
|
| 45,000,000 |
Cryptio | Back-Office OS for Regulated Enterprises | 25,000,000 | |
Humanity Protocol | Digital Identity Protocol | 20,000,000 | |
DeFi |
|
| 1,200,000 |
Canopy | Movement Labs DeFi Protocol | 1,200,000 | |
Gaming |
|
| 12,400,000 |
Fableborne | ARPG + Strategy Mobile Game | 12,400,000 | |
Infrastructure |
|
| 18,800,000 |
Mevvy | First Execution Platform for Mev Searchers | 2,800,000 | |
Sign | On-chain Infrastructure for Token Distribution | 16,000,000 | |
Mining |
|
| 50,000,000 |
Cipher Mining | NASDAQ List BTC Mining and HPC Hosting Company | 50,000,000 | |
Payments |
|
| 9,900,000 |
CEDAR Money | Offering Cross-border Payments in Stablecoins | 9,900,000 | |
Social |
|
| 116,420,000 |
Based | Permissionless Platform for Opinion Markets | 420,000 | |
Fairshake | Crypto-focused Political Action Committee (Pac) | 116,000,000 | |
Web3 |
|
| 25,000,000 |
D3 | Web2 & Web3 Leaders for DomainFi | 25,000,000 | |
ZK |
|
| 24,000,000 |
Irreducible | Foundational Infrastructure of the Verifiable Internet | 24,000,000 | |
Grand Total |
|
| 326,220,000 |
Social
The Social sector led this week’s funding activity, securing $116.42 million across two projects, highlighting blockchain’s expanding role in decentralized governance and political engagement.
Fairshake dominated the sector with a $116 million raise, positioning itself as a key player in blockchain-powered political action committees (PACs). The platform aims to support pro-crypto policies and candidates by leveraging decentralized funding mechanisms. This significant backing reflects increasing institutional interest in shaping regulatory landscapes favorable to the blockchain industry.
Based, a permissionless platform for opinion markets, raised $420,000 to advance decentralized discourse and prediction markets. By enabling users to engage in open discussions and market-driven forecasting, Based seeks to create an alternative space for decentralized information exchange. While the funding amount is smaller in comparison, the platform’s approach to decentralized content moderation presents an innovative use case for blockchain technology in social interactions.
Mining
The Mining sector attracted $50 million this week, underlining sustained investor interest in Bitcoin infrastructure and high-performance computing (HPC).
Cipher Mining, a NASDAQ-listed BTC mining and HPC hosting company, secured $50 million to expand its mining operations and infrastructure. As Bitcoin's demand for secure and scalable mining solutions grows, Cipher Mining aims to reinforce its position in the market by increasing its computational power and improving operational efficiency. The funding underscores investor confidence in mining as a cornerstone of the blockchain economy, especially as regulatory frameworks evolve.
Data
The Data sector saw $45 million in funding across two projects, reflecting the increasing demand for blockchain-based data management and digital identity solutions.
Cryptio, a back-office OS for regulated enterprises, raised $25 million to enhance financial data transparency and compliance within the blockchain industry. By providing enterprise-grade reporting and accounting solutions, Cryptio aims to bridge the gap between traditional finance and digital asset management, offering secure and scalable tools for institutional investors.
Humanity Protocol, a digital identity protocol, secured $20 million to develop decentralized identity verification systems. As concerns over data privacy and identity security grow, Humanity Protocol seeks to establish a trustless framework for verifying credentials on-chain. The funding highlights the increasing relevance of self-sovereign identity solutions in a digital-first world.
Conclusion
This week’s funding activity underscores the continued investor enthusiasm across various blockchain sectors. The Social sector led the way, securing $116.42 million, with Fairshake’s $116 million raise highlighting a strong interest in decentralized political action and governance. The Mining sector saw $50 million raised, with Cipher Mining securing substantial backing to expand its Bitcoin mining operations and infrastructure, signaling sustained confidence in Bitcoin's foundational role in the blockchain economy. Meanwhile, the Data sector raised $45 million, with Cryptio and Humanity Protocol emphasizing the growing importance of blockchain in data management and digital identity solutions.
These developments highlight the continued diversification of blockchain's role across industries, from decentralized governance in Social, to enhanced infrastructure in Mining, and the crucial digital identity and data management advancements in Data. Investor confidence remains robust, positioning the blockchain ecosystem for further growth and evolution in the coming months.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Commentaires