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LATEST CRYPTO FUNDRAISING ROUNDUP: Spotlight on Innovation

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Sheena Jordan reporter

Tue, 26 Nov 2024, 02:04 am UTC

MAJOR FUNDING HIGHLIGHTS:

MonPlay Studio - $20M • Focus: Mobile gaming and cryptocurrency integration • Notable Backers: Pantera and Polychain • Vision: Bridging traditional gaming with blockchain technology

Noble - $10M • Product: Cosmic application-specific blockchain • Strategic Investment from: Paradigm and Polychain • Specialization: Advanced blockchain infrastructure development.

Bitfinity - $12M • Core Focus: High-performance EVM chain on ICP • Key Backers: Polychain and ParaFi • Notable Support: Warningserries backing demonstrates strong market confidence.

GG - $10M • Innovation: EVM-less reputation platform • Primary Backer: APTOS • Additional Support: Polygon and GAME7

EMERGING PLAYERS:

Valantis - $7.5M • Unique Offering: Modular DEX platform • Technical Focus: Zero-knowledge proof applications • Backed by: cyber.Fund and Severix.

Rise - $6.3M • Service: Payroll and compliance solution • Target Market: Web3 businesses • Supported by: Notable investors including Draper.

OpenLayer - $5M • Innovation: First modular marketplace implementation • Focus: NFT market infrastructure • Strategic Partners: Alabcrypto and 1055.

Gorilla Games • Status: Funding amount TBA • Focus: Web3 game development • Backed by: C Ventures

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