Research Summary
- During the week of 23rd to 29th July 2023, 9 blockchain startups raised $127.3M in funding. The investments were distributed across various rounds including Series B, Unknown, Seed, Series A, and Series C.
- Flashbots, a research and development organization focused on Miner Extractable Value (MEV) on Ethereum, raised $60M in a Series B funding round. The organization aims to mitigate the negative impacts of MEV extraction and promote a transparent ecosystem.
- EthStorage, a Layer 2 storage rollup solution built on Ethereum, raised $7M in a Seed funding round. It aims to provide programmable, dynamic storage with reduced costs.
- Delabs Games, a blockchain game developer, raised $4.7M in a Seed funding round. They are behind games like Rumble Racing Star, Space Frontier, and Meta Bolts, built on the Polygon network.
- HashPort, a Japanese blockchain developer, raised $8.5M in a Series C funding round. They offer total solutions in the blockchain area with the mission of “digitizing all assets.”
- Hi Dollar, a Web3 payments application and protocol, raised $30M. It operates as an all-in-one exchange, allowing users to trade various cryptocurrencies.
- Passage, an open worldbuilding platform and social network, raised $6M. It connects virtual and physical experiences through creator-built games.
- Aethir, a decentralized cloud infrastructure company, raised $9M in a Series A funding round. They unlock content accessibility in the Metaverse by offering real-time rendering capabilities.
- Releap Protocol, a decentralized social graph, raised $2.1M. It allows creators to retain ownership and control over their audience and content.
- Dmail Network, an AI-powered decentralized email platform, raised an undisclosed amount in a Series A funding round. It offers various services including message communication, asset management, and data storage.
Actionable Insights
- Investment Focus: The report highlights a strong investment focus on blockchain startups, with significant funding in various domains such as MEV on Ethereum, decentralized storage, gaming, asset digitization, payments, worldbuilding platforms, decentralized cloud infrastructure, and decentralized social graphs.
- Emerging Trends: The funding rounds indicate a growing interest in decentralized solutions, Metaverse capabilities, and AI-powered platforms. Investors and businesses may explore these areas for potential opportunities and collaborations.
- Regional Development: With investments in various regions, including Japan and South Korea, the report suggests a global expansion of blockchain technology and its applications. This presents opportunities for international partnerships and market entry strategies.
