Funding

Cross-chain protocol’s product development-focused unit Wormhole Labs formally launches following $225 million raise

Blockchain.com, BC Technology Group and Fnality all secured raises in excess of $90 million this week

CeFi’s share of crypto funding has fallen since its 2021 heyday, and the platforms are increasingly adopting features popular in DeFi

The round was reportedly led by Kingsway, with Lightspeed, Baillie Gifford and Lakestar also taking part

The blockchain payments startup drew backing from an array of deep-pocketed financial institutions

The tech VC participated in rounds for two infrastructure projects that went through a16z’s crypto startup school this summer

80% of the capital remains uncommitted as the firm looks primarily to invest in infrastructure and protocol-level projects, the fund’s co-founders said

As ZK proof development continues apace, two startups focused on creating tools for building with zero knowledge announced funding rounds

New a16z crypto investing vehicles could be introduced in 2025

$103M raised this week by blockchain builders, including $20 million for a Call of Duty style shooter

Deputy secretary Wally Adeyemo said that the Treasury will engage in helping crypto companies take steps to prevent terrorist financing

A wide variety of firms had successful raises this week, including one developing a decentralized alternative to Google Docs

Crypto terror financing is back on the agenda with politicians pointing to its use in the Middle East, though Chainalysis says the complexities run far deeper

This funding is the second part of initial funding promised to the NGO following its establishment

Two crypto-native social media platforms announced fundraises this week. Plus, MoMA acquires an NFT and Stars Arena gets hacked

Also, a new Google-enabled crypto wallet could sell to the general public

Blackbird Labs, an NFT membership platform for diners and restaurants, secured an impressive $24 million from investors this week

DAO members have a week to vote on a list of 97 projects after the various proposals received well over a thousand forum replies

A upcoming layer-2 raised $7 million this week

IYK uses NFC chips in merchandise for easy authenticity verification, offering NFT rewards and brand exclusives to customers

More than 100 Arbitrum ecosystem projects have already applied for grant funding

Gaming developers must find a way to utilize crypto levers to make Web3 gaming more exciting, Argus Labs CEO Scott Sunarto said

Well into the autumn, crypto and Web3 startups are beginning to put up solid fundraising amounts

Venture capital firm’s record funding comes as space is “teeming with exceptional innovators” despite bear market, execs say