Research Summary
- During the week of 16th to 22nd July 2023, 9 blockchain startups raised a total of $183.9M in funding, distributed across Series A, Seed, and Unknown rounds.
- Futureverse, a conglomerate of 11 startups focusing on blockchain, AI, metaverse, and gaming, raised $54M in a Series A round. They aim to provide tech infrastructure for the metaverse and leverage blockchain for digital identity and data control.
- Cosmic Wire, a Web3 startup, raised $30M in a Seed round. They offer infrastructure products for the next-generation Internet, including world-building tools, AI-backed avatars, blockchain analytics, and more.
- Interface, a social app for the web3 space, raised $1.4M in a Seed round. It serves as a human-friendly aggregator of wallet activity, turning it into a social feed.
- Tromero, a peer-to-peer blockchain that merges traditional proof of work with Machine Learning, raised $2M in a Seed round. It empowers secure, democratic, and decentralized ML applications.
- Ethena, a startup developing the first-ever ‘internet bond’ and a new Ethereum-based stablecoin, raised $6.5M in a Seed round.
- Radiant Capital, a decentralized omnichain money market protocol, raised $10M. It allows users to deposit assets on one chain and borrow across multiple chains.
- Manta Network, a privacy-focused Layer 2 network, raised $25M in a Series A round. It utilizes zero-knowledge proofs to provide secure and scalable solutions for DApps on Ethereum.
- RISC Zero, a crypto startup focusing on scalable and developer-friendly blockchain infrastructure, raised $40M in a Series A round.
- Echooo Wallet, the next-generation smart contract wallet, raised $15M. It combines MPC & AI Technology and provides bulletproof security for users’ assets.
Actionable Insights
- Investment Opportunities: The report highlights various startups that have recently secured funding, indicating potential investment opportunities in sectors such as blockchain, AI, metaverse, and Web3.
- Emerging Technologies: The focus on technologies like zero-knowledge proofs, decentralized ML applications, and next-generation Internet infrastructure suggests a trend towards innovation in the crypto space.
- Privacy and Security: With startups like Manta Network and Echooo Wallet emphasizing privacy and security, there is a clear demand for enhanced control over digital identity and transaction history.
