December 3, 2024
Here’s your Weekly Wrap of all things crypto funding, ending November 30, 2024.
This week's crypto funding landscape was marked by strong activity in various sectors, reflecting investor interest in both foundational and innovative blockchain projects. A total of $169.5 million in disclosed funding was raised across 23 projects. This funding was distributed among multiple sectors, with notable emphasis on Infrastructure, Payments, and DePIN categories.
Below is a breakdown of the standout categories this week and their significant projects.
Category | Organization Name | Project Description | Money Raised this Round |
AI | 6,000,000 | ||
Datalayer | Blockchain Protocol for Personal AI | UNDISCLOSED | |
Talus | Platform for Decentralized Ai Agents | 6,000,000 | |
Bitcoin | UNDISCLOSED | ||
OpenDelta | Bitcoin Hedged Yield Bond | UNDISCLOSED | |
DeFi | 7,500,000 | ||
Astherus | Multi-Asset Liquidity Hub Maximizing Real Yield | UNDISCLOSED | |
Avant | Stable-Value Token Powered by Defi Yield | 6,500,000 | |
Margarita Finance | Yield boosting Platform | 1,000,000 | |
Tren Finance | DeFi protocol for liquidity and capital efficiency | UNDISCLOSED | |
Vanilla Finance | Trading Exchange on Telegram | UNDISCLOSED | |
DePIN | 13,800,000 | ||
PinGo | Bridging Idle Computing Power for Ai Models | UNDISCLOSED | |
U2U | DePIN Layer1 | 13,800,000 | |
Gambling | 1,750,000 | ||
BRKT | Prediction market | 1,750,000 | |
Gaming | 800,000 | ||
N3MUS | Bringing Web3 Gaming into Mainstream Culture | 800,000 | |
Qoomon | Crypto game | UNDISCLOSED | |
Infrastructure | 52,350,000 | ||
Lumoz | Modular Compute Layer & RaaS Platform | UNDISCLOSED | |
Schuman Financial | Fiat-backed Stablecoin Issuer | 7,350,000 | |
USDX | Synthetic Stablecoin Issuer | 45,000,000 | |
Investment | UNDISCLOSED | ||
Bitsave | Crypto Investment Platform | UNDISCLOSED | |
Meme coins | UNDISCLOSED | ||
SODA | Telegram Memecoin Launch Platform | UNDISCLOSED | |
NFT | UNDISCLOSED | ||
Igloo | Building the World’s Largest Onchain Community | UNDISCLOSED | |
Payments | 82,300,000 | ||
Bleap | Blockchain Linked Self-Custodial Account & Card | 2,300,000 | |
Partior | Blockchain payments firm | 80,000,000 | |
Social | 5,000,000 | ||
Moongate | Brand-Consumer Engagement Firm | 2,500,000 | |
Rarimo | Privacy-first (ZK) Social Protocol | 2,500,000 | |
Grand Total | 169,500,000 |
Infrastructure
The Infrastructure category led the way this week, with three projects raising a disclosed total of $52.35 million, alongside one project with undisclosed funding. This reflects the continued demand for robust blockchain infrastructure solutions to enhance scalability and financial stability.
Lumoz: A modular compute layer and RaaS platform, Lumoz’s funding remains undisclosed. It aims to provide scalable and customizable blockchain solutions for developers, highlighting the importance of modular architecture in the ecosystem.
Schuman Financial: Focused on creating a fiat-backed stablecoin for the European market, Schuman Financial raised $7.35 million. This project is bridging traditional finance with blockchain ecosystems to enhance stability and integration.
USDX: A synthetic stablecoin issuer, USDX raised $45 million. This significant investment will support its mission to provide secure and efficient digital currency options for users, reinforcing its position as a key player in the stablecoin space.
Payments
Payments emerged as another strong category this week, with two projects securing a total of $82.3 million. This underscores the growing demand for blockchain-based payment solutions that emphasize both innovation and user control.
Bleap: A blockchain-linked self-custodial account and card service, Bleap raised $2.3 million. Its focus on user empowerment and seamless transactions positions it as a vital tool for NFT and digital asset management.
Partior: A blockchain payments firm, Partior secured a remarkable $80 million. This funding will enable Partior to expand its global reach and revolutionize cross-border payment infrastructures.
DePIN
The DePIN (Decentralized Physical Infrastructure Networks) category also performed strongly this week, with two projects raising a combined total of $13.8 million, alongside one project with undisclosed funding. These projects showcase the growing interest in decentralized infrastructure solutions.
PinGo: A project focused on bridging idle computing power for AI models built on Ton, PinGo’s funding details remain undisclosed. Its approach reflects the increasing convergence of AI and blockchain technologies.
U2U: This project raised $13.8 million to advance its decentralized infrastructure network. By emphasizing scalable and efficient solutions, DePIN Layer1 aims to set new benchmarks in decentralized network operations.
Conclusion
This week's crypto funding trends highlighted significant investments in foundational infrastructure, payment solutions, and decentralized physical networks. The substantial funding across these categories reflects investor confidence in blockchain’s potential to transform industries. With projects like USDX, Partior, and DePIN Layer1 leading the charge, the crypto ecosystem continues to evolve, showcasing adaptability and innovation across various sectors.
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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