The first quarter of 2025 was quite a change of mind for crypto. The investor’s sentiment sinks from an intense to another as Bitcoin (Btc) rallied at all times high, endured a major correction, and received a major strengthening of the president from Donald Trump.
In the midst of all noise, venture capital firms have continued to expand their exposure to blockchain and crypto startups throughout the decentralized physical infrastructure networks (depins), web3 playing, real-world assets (RWA) and derivatives exchange market.
VC Roundup’s latest edition features seven funding announcements from across the industry.
Alchemy announces $ 5M Web3 Adoption Fund
Blockchain developer Alchemy launched a $ 5 million “all onchain fund” to promote web3 adoption at Ethereum. The fund will provide the developers’ building to Alchemy with up to $ 10,000 in gas credits and $ 20,000 in computing credits. The support will be first released in OP Stack and Arbitrum Orbit.
Alchemy currently offers Rollups-As-a-Service, allowing developers to launch and grow their own blockchain.
One of Alchemy’s most popular partner Is the world, the biometric digital identity of the project formerly known as Worldcoin. Ever since it launched, the world has reached more than 23 million users worldwide.
https://www.youtube.com/watch?v=j9KKDXJSOGE
Related: Superchain will reach 80% of Ethereum L2 transactions in 2025 – Optimism EXEC
Mavryk assures funds for layer-1 RWA
The Mavryk dynamics, the developer of a layer-1 RWA network, closed a $ 5 million cycle of funding led by venture capital firms Ghaf Capital, Big Brain, Metavest Capital, Cluster Capital, Collective Ventures and Atlas Funds. Five other VC funds participated in the cycle.
Mavryk generates an RWA tokenization platform that it says is bridge the gap between traditional finances and decent financial (DEFI) by offering non-custodial features that include a protocol treasurery, award and mining of liquidity. The company said its Mavryk network gained more than $ 360 million in RWW.
The RWA market has grown significantly in the last year, reaching $ 17.9 billion in early March, according to RWA.xyz.
The value of real-world assets onchain has grown significantly. Source: Rwa.xyz
Rho Labs receives $ 4m on seed funding
The RHO LABS, the developer of decentralized RHO protocol exchange rates, closed a $ 4 million seeds led by coinfund. Further investors include Auros, flow of entrepreneurs and speeds. RHO runs a decentralized market of derivatives that allow users to stake, lend and trade eternal futures somewhere. The company said it processed more than $ 7 billion worth of notional volumes.
Coinfund co-founder Alex Felix said the RHO Labs is filling a space in the crypto market preventing funding normalization and forward rates between CEFI and DeFI.
Teneo raised $ 3M to –democratize social media data
I hold your protocol from Demin The project, closed a $ 3 million seeds led by venture Rockawayx and no boundaries, with further participation from generative ventures. The fund will be used to further Teneo’s mission to democracy access to social media data.
Teneo is built on Layer-1 PEAQ and runs a web3 browser extension that allows users to contribute to its data network in exchange for Teneo’s points, which can be exchanged for upcoming Teneo tokens. The company says there are more than 3.5 million users throughout 191 countries.
Definition Growth reached its climax in December 2024. Source: It depends
Related: Crypto VCs are ‘especially bullish’ in DEPIN, RWWA – Hashkey Capital
Polychain Capital supports fluent labs’ $ 8M round
The Ethereum Layer-2 Developer Fluent Labs raised $ 8 million in a cycle of funding led by the polychain capital, with further participation from six adventure funds and seven angel investors. Fluent described herself as a “mixture of implementation” because it aims to remove silo that prevents virtual onchain machines. It currently supports Ethereum Virtual Machine, Solana Virtual Machine and Webassembly Applications.
There are currently more than 60 projects that build on fluent ecosystems, with cases of use reaching the DEFI, consumer applications and playing.
The game company accepts backing for the Blockchain gaming infrastructure
The game company, a UAE blockchain startup, has received $ 10 million in funding to generate cloud gaming infrastructure that will allow users to play any title on PCs and consoles. Investors in funding the funding include telcoin, bullperks and singularity dao.
The game company says there are over 500,000 users on its waiting list. The latest phase of the UAE test has seen more than 43,000 registrations, 41,000 Onchain transactions and over 10,000 new unique wallets.
When the platform becomes operational, users will have access to more than 1,300 titles throughout PlayStation, Microsoft Store and Steam. Some of the titles it has access to include Call of Duty, Fortnite and Rocket League.
A16z Backs Acid Labs
The Web3 Gaming Studio Acid Labs closed a $ 8 million funding of funding led by the A16Z Speedrun to advance social gaming infrastructure. Additional investors include NFX, Fusion VC and various executive executives. Acid is the company behind Boinkers, a Telegram game with 11.5 million monthly players. It aims to use the funds to continue the web3 social games on Telegram.
The investment came against a backdrop of surging web3 gaming activity. Between January 2024 and January 2025, the number of day -to -day active web3 players reached 7.3 million, according to Dappradar. In general, Blockchain gaming activity dropped by 386% At that time.
Related: AI agents will speed up web3 playing
