Funding

VanEck Ventures and VanEck’s Digital Assets Alpha Fund invested $2.5 million in DAWN through a strategic funding round, the teams exclusively told Blockworks

Also, Hyperbolic’s total funding raised comes out to $20 million after $12 million Series A

Also, Union Labs announced a $12 million Series A

Two stablecoin firms made announcements this week, with one raising an undisclosed amount and Paxos expanding into the EU through an acquisition

Portal Ventures founders Evan Fisher and Catrina Wang discussed their newest fund with Blockworks

“BIO can be thought of as a Y Combinator for onchain Science,” Binance said in a statement

Spire, Citrea and Nillion also announced raises this week

But the sector’s rise in popularity hasn’t come without hiccups

Plus, MoonWalk Fitness announced a $3.4 million seed round

A gaming studio helmed by an Electronic Arts veteran announced a Series A this week

Plus, crypto VC funding in Q3 is still lagging

Delta comes out of stealth with $11 million in funding, and some novel ideas

Thirty-three DeFi companies announced raises last month, data from the TIE terminal shows

Plus, NFT trading volumes are seeing all-time lows

Meanwhile, a16z announced its first raise for a decentralized science (DeSci) project

Wynd Labs CEO Andrej Radonjic explains why Grass is open-sourcing “valuable” AI data

Company raises $15 million for Bitcoin and Ethereum crossover network

MagicBlock is using ephemeral rollups to develop a gaming engine that lets video games run fully onchain

A series of raises were announced as 21 projects gear up to take part in a16z’s CSX

Plus, Solana had a bearish August, but SOL locked in DeFi

The Solana-based creator platform announced its seed round today

Token launches could also see a comeback this fall, PitchBook’s Robert Le said

Plus, the rise and fall of Friend.tech

A fund co-founded by Alan Howard’s son and 10T veterans launched alongside a generalist fund with Notation Capital co-founder Nick Chirls as a general partner