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Investors have invested $170 million in crypto companies
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Investors have invested $170 million in crypto companies

Mar 4, 2024

Over the past week, cryptocurrency startups have raised almost $170 million in 32 rounds of funding, according to Dropstab. The leading project awaiting funding in the near future is the EigenLayer project, which aims to raise $100 million for product development.

Avail, the creators of the modular blockchain project, have completed the initial stage of financing for $27 million. The Backpack cryptocurrency exchange has successfully completed the fundraising phase of $17 million, valuing its company at $120 million.

The Ethereum Fi protocol has completed a $27 million funding round, attracting the attention of Bullish and CoinFund. Talus Network raised $3 million under the leadership of Polychain Capital.

The QED blockchain protocol has completed a successful $3 million funding round. Initia, a blockchain platform, has raised $7.5 million under the leadership of Delphi Ventures and Hack VC.

DePIN Geodnet raised $3.5 million with the help of North Island Ventures. BTC BounceBit has attracted $6 million in investments.

NFT READYgg has completed a $4 million funding round involving Delphi Digital and other large companies. Validation Cloud has raised $5.8 million under the leadership of Cadenza Ventures to develop infrastructure solutions for the Web3 sector.

Cycle Network received $1 million from Vertex Ventures. Finally, the Taiko project received $15 million under the leadership of the Hashed Fund, Light Speed Ventures, OKX Ventures, Wintermute and Amber Group.

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