January 7, 2025
Here’s your Weekly Wrap of all things crypto funding, ending January 4, 2025.
This week’s crypto funding landscape saw solid investments across several categories, highlighting key areas of growth within the blockchain ecosystem. A total of $52.3 million was raised across 8 projects, with notable contributions from the Bitcoin, DePIN, and Gaming sectors. Despite the varied nature of the projects, the Bitcoin sector received the largest share of funding, reflecting the continued demand for infrastructure and innovation in the Bitcoin space.
Below is a summary of the projects receiving funding this week:
Category | Organization Name | Project Description | Money Raised this Round |
Bitcoin |
|
| 25,000,000 |
Fold Inc | Bitcoin Financial Services Company | 20,000,000 | |
JAN3 | Bitcoin tech company founded by Samson Mow | 5,000,000 | |
DeFi |
|
| 2,300,000 |
Accountable | A Trustless lending & borrowing platform | 2,300,000 | |
Haedal | A Liquid staking protocol on Sui Network | UNDISCLOSED | |
Hyperfluid | On-chain hybrid orderbook AMM DEX on Aptos | UNDISCLOSED | |
Thena | A DEX on BNB | UNDISCLOSED | |
DePIN |
|
| 15,000,000 |
OpenLoop | DePIN Bandwidth firm | 15,000,000 | |
Gaming |
|
| 10,000,000 |
Nakamoto Games | A Web3 Gaming Hub | 10,000,000 | |
Grand Total |
|
| 52,300,000 |
Let's take a closer look at the key sectors that drove this week’s funding:
Bitcoin
The Bitcoin sector saw significant investments, with Fold Inc emerging as the leader, securing $20 million to advance its financial services within the Bitcoin ecosystem. This funding reflects the growing interest in services that enhance Bitcoin’s utility, especially in areas such as payment solutions and financial infrastructure. JAN3 also made a substantial impact, raising $5 million for its work in supporting Bitcoin’s global adoption, with a focus on technology and services that extend beyond the core blockchain.
DePIN
The DePIN sector remains a hotbed for investment, driven by the need for decentralized infrastructure solutions. OpenLoop raised $15 million, a significant contribution to the growing demand for decentralized bandwidth and connectivity solutions. These projects are pivotal in creating scalable and secure infrastructure for various blockchain applications.
DeFi
In the DeFi space, Accountable raised $2.3 million for its trustless lending and borrowing platform. While this represents a smaller funding amount, it’s a notable development in DeFi, as it reflects ongoing efforts to build more decentralized financial services on established blockchain networks. Additionally, Haedal, Hyperfluid, and Thena all secured undisclosed amounts for their respective platforms, contributing to the ongoing evolution of decentralized finance solutions.
Gaming
Nakamoto Games raised $10 million to further develop its Web3 gaming hub, an important step in the expansion of blockchain-based gaming ecosystems.
Conclusion
This week’s funding activity underscores the expanding diversity and investor interest across the blockchain ecosystem. The Bitcoin sector led the funding with $25 million, reflecting the robust demand for infrastructure and scalability solutions within the Bitcoin space. In the DePIN sector, OpenLoop raised $15 million, signaling growing support for decentralized bandwidth solutions. The DeFi sector attracted attention, with Accountable raising $2.3 million for its trustless lending and borrowing platform. The Gaming sector also showed strong activity, with Nakamoto Games securing $10 million, reflecting continued investor enthusiasm for Web3-powered gaming platforms.
These developments highlight the increasing focus on scalability, infrastructure, and decentralized solutions, positioning the ecosystem for further growth across various industries.
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.
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