Funding Rounds
Bitcoin Layer-2 Builder Botanix Labs Raises $8.5M From Polychain Capital, Others
The New York-based firm built Spiderchain to be compatible with Ethereum Virtual Machine (EVM) layers.

EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum
The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital

Liquid Restaking Protocol Puffer Raises $18M, Led by Brevan Howard, Electric Capital
The fresh round of capital will be used to help launch Puffer’s mainnet.

Crypto VC Firm Polychain Tops Up AI Platform Ritual's $25M Funding Round With 'Multimillion Dollar' Investment
Blockchain firms are attempting to address concerns that Big Tech giants like Microsoft, Meta and Alphabet will build an artificial-intelligence oligarchy

BOB, a 'Hybrid' Layer-2 Blockchain Mixing Bitcoin and Ethereum, Raises $10M
The fundraising round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management

Layer-1 Blockchain Peaq Raises $15M to Expand Its DePIN Ecosystem
Crypto market data provider Messari estimates that decentralized physical infrastructure networks could have a market value of $3.5 trillion by 2028.

Web 3 Startup Tensorplex Labs Raises $3M Seed Funding to Decentralize AI
Tensorplex said decentralization can help prevent tech giants monopolizing artificial intelligence, making them prone to biases or censorship.

Bitcoin Ordinals Wallet Oyl Raises $3M With Arthur Hayes, BRC-20 Creator Domo Among Investors
Multiple Ethereum NFT funds were also among the backers, marking their first investment in a Bitcoin-focused company

Avail, an Ethereum Data Network to Rival Celestia, Raises $27M In Seed Round
The funds will be used to build out its three core products, "Avail DA," "Nexus" and "Fusion Security."

Web3 Gaming Company Saltwater Raises $5.5M Seed Funding
Saltwater closed its seed round on the heels of acquiring gaming developers Maze Theory, Nexus Labs and Quantum Interactive

