October's Crypto Venture Capital Highlights 🧵
October 2023 saw 53 crypto projects secure funding, totaling $310 million.
Let's delve into the narratives of the top 10 ventures that defied market uncertainties and successfully raised capital 👇
October 2023 saw 53 crypto projects secure funding, totaling $310 million.
Let's delve into the narratives of the top 10 ventures that defied market uncertainties and successfully raised capital 👇
1/ @initiaFDN - Stepping out of stealth mode, InitiaFDN is a Layer 1 blockchain tackling scalability challenges with modular rollups. Backed by @BinanceLabs, their pre-seed investment propels them to revolutionize Layer 2 scaling solutions.
2/ @blackbird_xyz - Loyalty meets crypto in Blackbird, a platform rewarding dining experiences with $FLY. A $24 million Series A, led by @a16z, positions them to reshape the restaurant economy. 🌐 Tap, earn, and savor exclusive perks!
3/ @hadeaninc - Bridging the metaverse and gaming, Hadean's spatial computing platform enables mass concurrency. With a meaningful funding round from @yugalabs, they're set to elevate @OthersideMeta metaverse experiences. 🎮
4/ @NeutralExchange - Trading environmental assets gets an upgrade with Neutral Exchange. $3.2 million funding led by @NorthIslandVC propels them to create a regulated exchange, fostering sustainability in global markets. 🌱
5/ @ConvergenceRfq - Solana-based Convergence RFQ disrupts crypto trading with an RFQ system. $2.5 million pre-seed funding, featuring @CsquaredVC, sets the stage for transparent, secure, and fee-free transactions. 🔄
6/ @myshell_ai - Democratising AI-native apps, Myshell's $5.6 million seed funding, led by INCE Capital, signals a shift in the creator economy. With 30,000+ creators, they're redefining AI innovation. 🤖
7/ @vaaslive - Brazilian RegTech Vaas secures $2 million for transactional monitoring. Bridging on-chain and off-chain data, they fortify financial sectors against fraud. 🛡️ Vaas aims for a secure and compliant financial ecosystem.
8/ @noble_xyz - A stable app-chain in the @cosmos ecosystem, Noble raises $3.3 million in their seed round led by @polychaincap. Noble's mission? Supercharging Cosmos with native asset issuance. Circle's USDC integration paves the way for more developments.
9/ @smlxldotio - Transforming public computing, SMLXL secures $13.4 million in seed funding by @a16zcrypto & @GreylockVC. Their unique approach to Ethereum Virtual Machine bytecode analysis promises a more open and interactive blockchain experience.
10/ @Ryder_ID - Revolutionizing crypto wallets, Ryder One introduces a secure hardware wallet. With a $1.2 million round led by @OakGroveVC, @BTCFrontierFund & others, Ryder offers a shift in UX. TapSafe Recovery and tamper-proof design redefine crypto security.
11/ Closing Thoughts - October's funding landscape hints at market resilience. As #Bitcoin breaks out, expect a surge in venture capital. Stay tuned for November's promising ventures! 🌌
Have a deeper look at these promising projects in our full article below:
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