According to statistics from RootData, there were a total of 180 publicly announced investment projects in the crypto VC sector in March, representing a month-on-month increase of 24.1% (compared to 145 projects in February 2024) and a year-on-year increase of 71.4% (compared to 105 projects in March 2023). Note: Since not all financings are announced in the same month, the above statistics may increase in the future. The breakdown of various sub-sectors is as follows: 
Among them, CeFi accounts for about 2.8%, DeFi accounts for about 10%, NFT/GameFi accounts for about 13.3%, L1/L2 accounts for about 8.9%, RWA/DePIN accounts for about 3.9%, and AI accounts for about 3.4%.
The total financing amount in March was $1.16 billion, representing a month-on-month increase of 52.6% (compared to $760 million in February 2024) and a year-on-year increase of 27.5% (compared to $910 million in March 2023). The top 10 rounds by amount are as follows: 
Optimism Foundation sold 19.51 million OP tokens (equivalent to $89 million) to six private investors this month. These OP tokens have a lock-up period of 2 years, but during the lock-up period, purchasers can delegate the tokens to unrelated third parties for governance.
Cryptocurrency company Zama completed a $73 million Series A financing round, led by Multicoin Capital and Protocol Labs, with participation from Metaplanet, Blockchange Ventures, Vsquared Ventures, and Stake Capital, among others. Zama’s total financing amount has exceeded $80 million to date, with the current valuation unknown. Angel investors include Juan Benet, the founder of Filecoin, Anatoly Yakovenko, co-founder of Solana, and Gavin Wood, co-founder of Ethereum and Polkadot.
Layer1 Berachain completed a financing round of over $69 million, co-led by Brevan Howard Digital and Framework Ventures. The project raised funds by selling tokens, with a valuation of $1.5 billion. Previously, in April 2023, Berachain completed a $42 million financing round led by Polychain Capital, with participation from OKX Ventures, among others.
Figure Technologies announced the establishment of an independent company called Figure Markets, which raised over $60 million in a Series A financing round led by Jump Crypto, Pantera Capital, and Lightspeed Faction. Figure Markets will build blockchain-based trading platforms for various assets and is currently developing decentralized cryptocurrency and securities markets based on the Provenance blockchain. It also plans to develop a regulated stablecoin alternative.
Web3 infrastructure company Succinct announced the completion of a $55 million financing round led by Paradigm. Participants include Robot Ventures, Bankless Ventures, Geometry, ZK Validator, Polygon co-founder Sandeep Nailwal and Daniel Lubarov, and EigenLayer founder Sreeram Kannan.
Modular developer Eclipse Labs announced the completion of a $50 million Series A financing round led by Placeholder and Hack VC, bringing its total funding to $65 million. The financing round also attracted participation from Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital, as well as strategic investments from Flow Traders, GSR, Global Management, and OKX Ventures. Eclipse Labs plans to use this funding to develop an Ethereum Layer 2 solution using the Solana Virtual Machine (SVM), aiming to integrate the high performance of SVM with the deep liquidity of Ethereum, providing a new choice different from existing Layer 2 solutions. The Eclipse team plans to launch the final mainnet version in the second quarter of this year and has already launched developer networks and testnet versions.
Web3 infrastructure company 0G Labs announced the completion of a $35 million Pre-Seed financing round led by Hack VC, with participation from Alliance, Animoca Brands, Delphi Digital, Stanford Builders Fund, Symbolic Capital, and OKX Ventures, among others.
NFT card game Parallel completed a $35 million financing round, with participation from Solana Ventures, Distributed Global, OSS Capital, VanEck, and Focus Labs, among others.
Game developer Gunzilla Games announced the completion of a $30 million financing round, co-led by CoinFund and Avalanche’s Blizzard Fund, with a total financing of $30 million, including $10 million in strategic token financing, with participation from Republic Capital and Morningstar Ventures.
Solana ecosystem DePIN protocol io.net announced the completion of a $30 million Series A financing round led by Hack VC, with participation from Multicoin Capital, Web3.com Ventures, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, SevenX, ArkStream, Animoca Brands, Continue Capital, MH Ventures, OKX, as well as Solana founder Anatoly Yakovenko, Aptos founder Mo Shaikh and Avery Ching, Animoca Brands’ Yat Siu, and Perlone Capital’s Jin Kang, among others. The current valuation is $1 billion. The raised funds will be used to establish a decentralized GPU network and solve AI computing shortages.
Tags: CeFi, DeFi, DePIN, Multicoin Capital, Optimism, Protocol Labs, Wu Shuo Blockchain
Source link:
https://mp.weixin.qq.com/s/inRhtGf9-VJHALxPP6Wh0w
Note: The content of this article represents the author’s opinion and does not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6558789
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