blockchainreporter.net
Crypto fundraising continues to see significant momentum as eight blockchain projects secured $120 million in new funding rounds. This highlights continued investor confidence in decentralized technologies. OG Labs stood out with the highest fundraising total, gathering $40 million. The project secured investments from major blockchain players like Alchemy, Bankless Ventures, OKX Ventures, and Delphi Digital, solidifying its position in the industry.
MAJOR RECENT CRYPTO FUNDRAISING EVENTS#0GLabs #StakeStone #Wyden #Notabene #Moca $MOCA #Brevis #TAC #Eidon pic.twitter.com/zikXPvGBfh
— PHOENIX – Crypto News & Analytics (@pnxgrp) November 16, 2024
StakeStone and Wyden Gain Traction in Crypto Fundraising Projects
StakeStone followed closely with $22 million raised, backed by major investment firms, including Bankless Ventures, Binance, Hashkey Capital, and Amber. Wyden, a blockchain infrastructure project, raised $16.9 million, demonstrating investor interest in its long-term scalability goals. Its backers include Truffle Capital and Venture Capital, highlighting the project’s alignment with critical industry trends.
Other projects also made their mark with substantial funding. Notabene, a compliance-focused blockchain platform, raised $14.5 million with support from key investors like Venture capital, Nextblock, Combinator, Illuminate Finance, and Apollo. Meanwhile, Moca received $10 million in funding, reflecting steady growth in niche crypto markets.
Innovative Startups: Brevis, TAC, and Eidon
Emerging projects Brevis, TAC, and Eidon also gained investor attention. Brevis secured $7.5 million, primarily from strategic venture firms. TAC raised $6.5 million with support from Spartan, Bitscale Capital, and Ankar, showing potential in decentralized finance (DeFi) use cases. Eidon, focused on blockchain identity solutions, rounded the list with $3.5 million raised from Framework and Cyber Fund.
These funding rounds underscore a strong appetite for innovation and diversification in the blockchain sector. Investors continue to back projects with scalable, compliance-ready solutions and real-world applications, reinforcing blockchain’s growth potential amid ongoing market shifts.