Venture Capital Overview: Blockchain Startups Completed 99 Transactions in November

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2 days ago

Source: Cointelegraph Original: "{title}"

According to data from RootData, in November, crypto startups participated in 99 transactions involving venture capital financing and mergers and acquisitions, with a total value exceeding $350 million.

Highlights of the month include: Zero Gravity Labs securing $290 million in capital financing to build a decentralized artificial intelligence operating system (dAIOS); Superscrypt planning to establish a new $100 million investment fund for blockchain-based startups. Additionally, the crypto ecosystem welcomed a new crowdfunding platform focused on Bitcoin projects.

With Donald Trump being re-elected earlier this month, the U.S. is expected to adopt more favorable regulatory measures, which could increase capital investment in cryptocurrency businesses under new regulatory conditions, thereby affecting investor sentiment towards the industry.

Some crypto startups that secured financing in November. Source: RootData

In a more positive environment, founders are also seeking alternative financing avenues. Fabrizio Giabardo, co-founder of Legion, believes that cryptocurrency projects are fundamentally rethinking how to raise funds and engage with the community. "He told Cointelegraph: "There is now a renewed energy to build for the people, creating ecosystems that make the community feel like true stakeholders." "This is a return to the roots of cryptocurrency ICOs.

This issue of Cointelegraph's venture capital overview highlights some projects that attracted funding at the end of November.

The AI agent blockchain protocol Talus Network raised $6 million in its recent funding round, led by Polychain Capital, with follow-on investments from Foresight Ventures, Animoca, Geek Cartel, Echo, and angel investors from institutions like Polygon, Sentient, Allora, and 0G Labs.

This funding round brings Talus Network's total funding to $9 million, with a valuation of $150 million. The funds will be used to support the development of Talus's infrastructure solutions Protochain and Nexus framework.

The framework provides developers with tools to create autonomous agents capable of managing smart contracts and executing tasks in decentralized finance, decentralized autonomous organizations, and gaming. According to Talus, these agents can facilitate portfolio optimization, financial management, and automated game testing.

Binance Labs disclosed new investments in November. The exchange's venture capital arm invested in Kernel, a platform developing restructured infrastructure for the BNB chain.

According to Binance, Kernel's technology will make BNB's security features programmable and verifiable, supporting various crypto applications and services. Initial deployment will leverage BNB Liquid Staking tokens and reset BNB to enhance DeFi projects on the BNB chain.

Another startup that received funding from Binance Labs is Astherus, a multi-asset liquidity hub focused on maximizing the actual yield of crypto assets. The company aims to maximize asset yields through high-yield strategies across multiple blockchains and protocols. Binance did not disclose how much was invested in these two transactions.

The exchange startup Barter completed a $3 million seed round, led by Maven11, with participation from Lattice, Anagram, Heartcore, DCG, and Daedalus Angels. Reportedly founded in 2023, the company has settled $3.5 billion in on-chain transaction volume, competing with major industry players like Wintermute and 0x.

The new funds will be used to develop Barter's AppChain, aimed at addressing common challenges in the DeFi space, such as maximum extractable value (MEV) development and decentralized liquidity pools.

According to Barter, its AppChain is designed to centralize liquidity pools and streamline order flow for faster and more cost-effective trading. Barter's co-founder Nikita Ovchinnik was previously the Chief Business Development Officer at 1inch Network.

Rarimo, a startup focused on zero-knowledge verification, has completed a $2.5 million funding round, supported by blockchain founders such as Ethereum's Vitalik Buterin, Celestia's Nick White, Polygon Zero's Daniel Lubarov, and Gnosis's Stefan George.

This funding round was limited to founders' participation and will facilitate Rarimo's launch of zero-knowledge solutions on Ethereum, planned for the first quarter of 2025. Starting with passport-based identity, Rarimo allows users to create and store identity proofs on their devices without intermediaries.

According to the startup, its system has been used in several countries for anonymous voting and airdrops. Rarimo plans to expand its technology to support private social networks and reputation-based systems using zero-knowledge proofs.

Related link: Bitcoin venture capital firm Axiom hires former UK minister.

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