29 PROJECTS ATTRACTED MORE THAN $241 MLN IN INVESTMENTS OVER THE PAST WEEK

• EigenLayer was the leader in terms of the amount of funding received.
• The attention of funds was focused on the DeFi and blockchain infrastructure development sectors.
• 6 projects did not disclose the amount of investments.

In the period from February 17 to 24, 29 projects attracted investments totaling $241.5 million.

In particular, during the week funding was received by:

• $100 million – EigenLayer. Venture capital firm Andreessen Horowitz has invested in the restacking protocol. EigenLayer founder Sriram Kannan said the firm was the only participant in the funding round. He also declined to disclose the valuation of the protocol after receiving new capital.
  
• $35 million – Flare. The L1-network raised the investment in a private funding round that included Kenetic, Aves Lair and others. Flare supports protocol creation and focuses on pricing oracles, passing asset prices between different dApps.
  
• $21 million – Monkey Tilt. The cryptocurrency gambling platform announced the closing of a funding round. Investors included Polychain Capital, Hack VC, Poker Go, Accomplice, Paper Ventures, Folius Ventures, and others. The company also announced the launch of Fantasy MTFantasy, a gaming platform that combines cryptocurrencies with games.
  
• $14.4 million – AltLayer. The company raised the investment in a strategic funding round co-led by Polychain Capital and Hack VC. Other investors included counterparties such as OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG and TRGC. The capital raised will be used to expand AltLayer’s team and develop rollup infrastructure.
  
• $9.5M – Meso. The payment platform has closed a seed round of funding that was jointly led by Solana Ventures and Ribbit Capital with participation from Canonical Crypto and 6th Man Ventures and private investors. It is known that the new platform aims to “bridge the gap between digital assets and fiat currencies.”
  
• $9.5 million – Helius. The platform announced the completion of its Series A investment round. The company received funding from venture capital funds Chapter One, 6th Man Ventures, Reciprocal Ventures and Propel Ventures. The investment round was led by Foundation Capital. The capital raised will be used to expand its staff and strengthen its technology stack.
  
• $5.1 million – Superfluid. The protocol raised the funds in a strategic funding round led by Fabric Ventures with participation from Multicoin Capital, Circle Ventures, Safe Foundation, The LAO, Taavet+Sten and others. Superfluid CEO Francesco Giorgio Renzi said it was a token-warrant round.
  
• $5 million – Beoble. The Web3 messaging platform announced the closing of a seed round of funding. Investors included Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital and Blockchain Founders Fund. The funds raised will be used to launch Beoble V2 in March 2024.
  
• $5 million – Crystal Fun. The Web3 gaming studio announced the closing of a seed round of funding. Investors include KuCoin Ventures, Waterdrip Capital, Comma3 Ventures, Stratified Capital, Actoz Soft, aelf, Cypher9 Ventures, Masverse and W Labs.
  
• $4.5 million – Inco Network. The modular blockchain developer has completed its initial round of funding. The project raised funds from Circle Ventures, GSR, Polygon Ventures, Robot Ventures, Alliance DAO and venture capital firm 1kx, which led the round. The Inco team also launched the first test network. With the capital raised, the management team plans to hire several engineers and continue working on developing the ecosystem.
  
• $4 million – OX.FUN. The crypto trading platform has raised funding from Foresight Ventures, Genblock Capital, Double Peak and Emchain. The new capital is being used for further product development and market expansion.
  
• $3.6 million – Nest Wallet. The cryptocurrency wallet received investment as part of a seed round of funding. Ascensive Assets, gumi Cryptos, OrangeDAO and 9 other investors provided new capital to the startup.
  
• $3.2 million – NodeShift. The decentralized cloud services provider closed a seed round of funding led by Inovo.vc with participation from Notion Capital, 10x Founders, and Kestrel0x1. The team plans to use the funding to go to market.
  
• $3 million – INIT Capital. The liquidity provider received the funding to expand partnerships with decentralized exchanges. The seed round of funding was jointly led by Electric Capital and Mirana Ventures with participation from Maelstrom.fund, Robot Ventures, Nomad Capital, and others.
  
• $3 million – ZeroLend. Decentralized Protocol announced the completion of fundraising in a new round of funding. After receiving new capital, the startup’s valuation increased to $25 million. More than 10 venture capital funds participated in the investment round, including GBV Capital, Morningstar Ventures, Genblock Capital, Krypital Group, ViaBTC Capital, Cypher Capital and others. The capital raised will support the further development and expansion of ZeroLend.
  
• $3 million – QED Protocol. The zero-knowledge based blockchain technology has received investment to promote DeFi on bitcoin. The names of the participants in the funding round were not disclosed.
  
• $2.7 million – Chainway Labs. The studio announced that it has completed a seed round led by Galaxy Ventures. The funds will be used to develop the Citrea project. Delphi Ventures and business angels, including Taproot Wizards NFT project co-founder Eric Wall, also participated in the round.
  
• $2.2 million – Singularity. The company completed a funding round led by Gumi Cryptos Capital with participation from Apollo Capital, Digital Asset Capital Management, Laser Digital, Eureka and Gandel Invest. The funds are being used to develop a protocol aimed at facilitating access to DeFi.
  
• $2 million – LoongCity. The project, which is working to improve the new ERC404 standard, announced the completion of a round in which MAZARINE SEA participated. LoongCity plans to launch the ERC1321 protocol based on ERC404.
  
• $1.62 million – Januar. The provider of financial infrastructure for crypto businesses has completed a seed round of funding in which CMT Digital, Third Prime, Skyfall Ventures and private investors participated. The company also announced the launch of Januar Crypto, a solution that will allow businesses to convert fiat money into cryptocurrency directly on the platform.
  
• $1.6 million – Clave. The company, which is focused on “taking security from Web2 to Web3,” raised investment in a previous seed round of funding led by Matter Labs. The project seeks to solve the problem of storing cryptoassets through account abstraction.
  
• $1.5 million – GameCentric. The gaming platform received investment from private investor Bilal Merchant. The funds will be used for platform development and global expansion. GameCentric plans to become a Web3 platform, integrating cryptocurrencies by 2025 “to create compelling offerings for brands and gamers.”
  
• $1 million – Silencio. A provider of decentralized solutions to combat noise pollution has raised funding. The round was led by Borderless Capital with participation from Moonrock Capital, Master Ventures and others. The company intends to use the funds to accelerate growth, develop partnerships and further strategic initiatives.

The Winklevoss brothers also invested $4.9 million in Fairshake, a cryptocurrency political action committee in the United States that aims to help political party candidates in the United States who support cryptocurrencies and blockchain.

A number of other projects have raised funding but have not disclosed the amount of investment.

Tornado Blast, a startup building a trading bot, has closed a strategic funding round. Investors included Morningstar Ventures, Atka, Fisher8 Capital, Punk DAO, AlfaDAO, X Ventures and three other counterparties.

Jade98, which provides services to those interested in “collectibles on the blockchain,” raised investments from x21 Digital, Rarestone Capital, CSP DAO, Dutch Crypto Investors, Three M Capital, Samara Asset Group, Kaso2ka Ventures, and NewTribe Capital.

Marketmaker DWFLabs made a “7-figure investment” in NFT marketplace Prom.

Animoca Brands announced a strategic investment in Web3 gaming company MATR1X FIRE.

Binance Labs, the venture capital arm of the Binance exchange, has invested an unnamed amount in EigenLayer-based liquid restacking protocol Renzo.

Honeypot Finance, a startup dedicated to solving low liquidity problems in DeFi, closed a previous seed round of funding. AC Capital and DextForce provided new capital to the startup

Top 5 funds by number of investments between February 17 and 24, according to CryptoRank data:

Projects from such segments as Web3, blockchain services, blockchain infrastructure, GameFi, DeFi, CeFi, NFT and others attracted funding during the week.

Recall that in the period from February 10 to 17, 18 projects attracted investments totaling $133.2 million.