Venture capital funding will continue to be poured into the blockchain and cryptocurrency industry in March, even as market commentators Sensationalized at the end of the bull market In the middle of 30% Bitcoin retracement.
VC flows are considered an important sign for the blockchain industry, with increased dealing activity that indicates strong appetite for investors and growing space changes.
As Cointelegraph reported, Blockchain startups raised a joint $ 1.1 billion Only in February, with projects covering decentralized finances, decentralized physical infrastructure networks and payment that attracts the lion’s portion of capital flows.
Despite fear and infidelity in the crypto market, February is a strong month for Blockchain VC. Source: The tie
Early signs suggest that March may be a stronger month for Crypto VC deals, such as evidence of the growing size of investments and the number of investors participating.
Eight deals were featured in the VC roundup of this month-and seven of them were appreciated in the eight-figure range.
Related: VC ROUNDUP: Investors will continue to restore Definit, Web3 Gaming, Layer-1 Rwas
Across the protocol raises $ 41m by token sale
Throughout the Protocol, a platform of Ethereum Crosschain’s interoperability platform, raised $ 41 million in a token sale led by the San Francisco Paradigns. Coinbase ventures, bain capital crypto and multicoin capital also participated in the token sale round.
Across the protocol expands The Ethereum Layer-2 connection By the so-called “intents,” an architectural approach that decuters the transfer of assets and verification of the message.
Throughout the Protocol price chart (ACX). Source: CoinMarketCap
“Urgent activities-transfer of properties and implementation of intent-are carried out immediately by a relayer (…) while verification of the message is done afterwards,” write Aiden Park, an engineer and technical writer, is on an explanatory note on the goals.
“This method allows full sending messages cheap, fast, and safe, setting it from other protocols thanking the message,” he said.
Related: L2 L2 are the reason why ETH is an ‘completely dead’ investment: VC
Ribbit Capital is leading the $ 23.6m Crossmint increase
The web3 Crossmint company closed a $ 23.6 million funding to measure onchain onboarding technology, designed to help AI companies and agents embrace the web3 without the need for blockchain expertise. The funding of the funding was led by the San Francisco-based firm Ribbit Capital.
According to crossmint co-founder Rodri Fernandez, the platform provides low-code APIs for various blockchain functions, including purse, stablecoins, Tokenization and credentials. The announcement also announced that more than 40,000 companies and developers are now using a crossmint in more than 40 blockchains.
The financial app gets backing from the nearby Foundation, Circle Ventures
The New York-based remittance app closes a $ 14 million round of funding led by the nearby Foundation, with participation from Circle Ventures.
Lots of apps are designed to bridge the remittance gap between India and the extensive diaspora of citizens in the United States. The app says it processed more than $ 150 million in remittances.
Abound was developed by The Times of India Group, a Mumbai -based media company.
Although it is not quite clear how blockchain technology and digital assets factor in Affol service offerings, if at all, participation from nearby and round adventures suggests that blockchain -focused companies are increasingly focused on Cross-border payments and remittance services.
Source: Near the protocol
The chronicle closes the seed of the seed
The Chronicle, an Ethereum Oracle and Tokenization Infrastructure Provider, raised $ 12 million in seed funding led by strobe ventures, formerly known as the blocktower venture capital. Further investors include Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, Fenbushi Capital, Gnosis Ventures, 6th Man Ventures and some angel investors.
The chronicle connects protocol developers to real-time data feeds, which is essential for the DEFI and real-world asset (RWA) tokenization ecosystem. The company noted the growing interest in the institutional RWA tokenization as one of the reasons for its early success in the upbringing of capital.
https://www.youtube.com/watch?v=Tyo93t72ms
Related: Tokenized Real Estate Trading Platform launches Polygon
Defi-yielding Stablecoin Level Debuts with $ 2.6m in funding
In March, the blockchain Peregrin developer was a USD Stablecoin level with $ 2.6 million in backing from Dragonfly Capital, Polychain, Flowdesk and others.
The USD level is a harvest-bearing stablecoin that releases digital dollars collateralized by restaked stablecoins. Stablecoin’s capital has grown significantly since its launch, reaching $ 116 million at the time of writing.
The USD level is integrated with many defi protocols, including pendles, layerzero and spectat. It can also be used as collateral on noncustodial lending platform morpho.
Demand for dollars supported by digital tokens has passed over the last two years, with the total Stablecoin market approaching $ 230 billion. Source: Rwa.xyz
Related: VC Roundup: Bitcoin RWA, BNB Incubator, Web3 Gaming Secure Fund
Halliday raises $ 20m for agent’s flow protocol
No-code blockchain developer Halliday closes a $ 20 million series of funding funds to measure the agent flow agent (AWP) —a AI tool that helps developers develop Defi application without the need to write smart contracts.
The funding is led by A16Z crypto, with further participation from SV Angel, the Avalanche Blizzard Fund, neutral credentials, alt layer and other angel investors.
Through AWP, blockchain companies can “develop applications on time, not years,” Halliday said in its announcement. Halliday’s programming model holds all the technical aspects of the development and implementation of the blockchain, which can theoretically enable companies faster their products.
AI-driven validation cloud closes $ 15M series A
The validation cloud, a company at the intersection of artificial intelligence and blockchain infrastructure, closed a $ 15 million series of an investment supported by True Global Ventures. Further investors include Cadenza, Blockchain Founders Fund, Blocelerate and others.
The funding will be used to expand validation cloud infrastructure solutions, including staking, API node and data offerings.
The validation cloud provides access to blockchain data and offers node and staking solutions to institutions. Its technology is used by Hedera, AptStellar, EigenlayerPolygon and others.
Skytale Digital has made a $ 20m polkadot ecosystem fund
Blockchain investment firm Skytale Digital has launched the Polkadot Ecosystem Fund, which marks $ 20 million to further develop the so -called “network of networks.”
The funds combine financial support, technical and mentorship expertise to help web3 developers expand their product offerings to the polkadot ecosystem. Specifically, the fund targets decentralized applications and critical infrastructure projects.
Source: Cryptking.eth
Polkadot is the Blockchain’s 20 largest network, with a total market capitalization of around $ 7.3 billion, according to CoinMarketCap.
