Funding the Futureverse

Funding has risen from $116m last week to $207m this week. Most funds raised came from the Infrastructure and Web3 & NFTs verticals, both of which saw larger deals being closed compared to last week. The largest raise of the year so far among Web3 &NFTs closed this week, with Futureverse raising $54m in a Series A to build a platform to enable the creation of interoperable content and applications. This week's second-largest deal was Risc Zero, a general-purpose ZK Virtual Machine (zkVM) aiming to create developer tools for on and off-chain computing. Five token sales closed this week, including the new Layer-2 Manta Network, which raised $25m in a Series A at a valuation of $500m. Ripple's recent partial victory that XRP does not constitute security may have emboldened investors, and this week could be the beginning of a shift towards more token-related deals.

Funding by Category

Funding by Deal Stage

Deal of The Week

This week's Deal of the Week is Radiant ($RDNT) which raised $10 million from Binance Labs, the venture capital arm of crypto exchange Binance. Radiant is a decentralized cross-chain lending and borrowing protocol built on top of LayerZero. Radiant will allow users to borrow and lend between different blockchains - for exam...