Crypto Startups Raised $201.4M in Venture Funding Last Week, Led by Infrastructure

Venture superior and concern firms poured $201.4 cardinal into crypto projects past week with eleven companies announcing backing rounds. The largest rounds belonged to a $54 cardinal raise for metaverse startup Futureverse and a $40 cardinal Series A round for RISC Zero, a supplier of zero-knowledge impervious tools for developers.

Infrastructure projects continued to amusement resilience against the crypto wintertime this week with six of the backing rounds belonging to this category: RISC Zero, Cosmic Wire, Manta Network, Echooo Wallet, Side Protocol and Over Protocol. RISC Zero and Manta Network are besides some focused connected zero-knowledge technologies, a rising cryptographic mode of mathematically validating transactions portion maintaining privacy.

The token of 1 project, RDNT from Binance Labs-backed DeFi lender Radiant Capital, jumped implicit 10% to 31 cents aft the woody was announced.

In different task superior quality this week, Fortune reported that crypto-focused steadfast Polychain Capital had raised $200 cardinal successful an archetypal adjacent for its 4th task superior fund. Polychain has not confirmed those details.

The information successful the array lone includes backing rounds wherever an magnitude was specified. The accusation was existent arsenic of 5 p.m. ET connected Friday, July 21. Any woody announced aft that clip volition spell into adjacent week’s roundup.