This week, 34 blockchain startups raised a total of $109.3 million in various funding rounds. The top funding efforts highlight innovative projects in web3, privacy, and identity.
Nexus Laboratories secured $25 million in a series A round to develop its zero-knowledge virtual machine, Nexus 1.0. Layer3, focused on onchain identity, raised $15 million to enhance its omnichain protocol serving millions globally. Nuffle Labs, a NEAR Foundation spinout, garnered $13 million to advance NEAR’s modularity and decentralized development.
Ava Protocol completed $10 million in seed funding to automate cross-chain smart contracts. Irys raised $8.9 million to improve on-chain data management. Symbiotic secured $5.8 million for its shared security protocol. Kima Network announced $5 million in pre-seed funding for its decentralized settlement protocol.
Paradigm announced a new $850 million fund to back early-stage crypto projects, highlighting its strategic importance in driving future innovations.
