Crypto Funding Highlights Investor Confidence in Web3 Infrastructure, Entertainment, and Tooling

This week, the cryptocurrency sector demonstrated resilience with notable funding rounds across web3 infrastructure, entertainment, and developer tooling. Key players like Sentora, T-Rex, and Sonic Labs secured significant investments, reflecting a growing appetite for innovation in the blockchain space. Here’s a breakdown of the top funding rounds from May 5–10.

Sentora Secures $25 Million to Revolutionize Institutional DeFi

Sentora, a newly formed provider of institutional custody solutions, raised $25 million in a Series A funding round. The initiative is a result of the merger between IntoTheBlock and Trident Digital, combining advanced analytics with structured finance expertise.

The round was led by New Form Capital, with additional backing from Ripple, Tribe Capital, and other prominent investors. Sentora aims to bridge the gap between traditional finance and decentralized finance (DeFi) by addressing compliance and scalability challenges. Its platform focuses on yield strategies, risk management, and financial services tailored for institutional clients. By tackling regulatory and operational barriers, Sentora seeks to drive institutional adoption of DeFi solutions.

T-Rex Raises $17 Million for Blockchain-Powered Consumer Engagement

Web3 entertainment protocol T-Rex attracted $17 million in pre-seed funding, signaling growing confidence in blockchain-powered consumer platforms. Investors such as Portal Ventures, Framework Ventures, and Arbitrum Gaming Ventures supported the project.

T-Rex rewards users with cryptocurrency for engaging with content on platforms like TikTok, YouTube, and X. Its unique “proof-of-engagement” system leverages zkTLS technology to ensure user privacy while tracking viewing behavior. Users can earn points by interacting with “popcorn” icons during content consumption, which can later be converted into crypto. Additionally, the system personalizes content recommendations over time. The T-Rex browser extension is slated for release by the end of summer.

Sonic Labs Secures $10 Million to Expand Developer Tooling

Sonic Labs, a developer-focused blockchain startup, raised $10 million in a strategic funding round led by Galaxy. The funds will accelerate development of the $S token and expand the Sonic blockchain ecosystem, which is built on Fantom and is EVM-compatible.

The Sonic Mainnet is optimized for high-speed transactions and scalability, catering to applications across DeFi, real-world assets, and gaming. The funding will also support infrastructure enhancements and the development of user-friendly tools for builders, further solidifying Sonic Labs’ position in the blockchain space.

Fleek Raises $7 Million for AI-Powered Influencers

Fleek, a startup that previously raised $25 million in a 2022 Series A round, secured an additional $7 million through a public token sale. The platform enables users to create and monetize AI-powered influencers and virtual agents. These digital personalities can take on roles such as “tech reviewer,” “comedian,” or “style consultant” through a subscription-based service. Fleek’s innovative approach taps into the growing demand for AI-driven digital experiences.

DogeOS Secures $6.9 Million for Dogecoin-Based Applications

DogeOS raised $6.9 million in a funding round led by Polychain Capital. The platform aims to build a comprehensive application layer on the Dogecoin network, spanning gaming, artificial intelligence (AI), and DeFi.

The funding will be allocated to launching the DogeOS platform, enhancing developer tools, and forming strategic partnerships. By focusing on X-native applications and engaging Dogecoin’s growing community, DogeOS seeks to drive broader adoption of the Dogecoin ecosystem.

Notable Projects with Funding Under $5 Million

  • GoQuant: $4 million raised for quantitative trading solutions.
  • Xweave: $3 million secured for decentralized data storage.
  • Alt DRX: $2.7 million for decentralized derivatives trading.
  • Litheum Strategic: $750,000 raised for blockchain infrastructure.
  • Xpfinance XPF: $200,000 for DeFi solutions.
  • MYX Finance: $180,000 for yield optimization tools.

The latest funding rounds underscore the cryptocurrency sector’s ongoing growth and innovation. From institutional DeFi solutions to blockchain-powered entertainment platforms, these projects reflect the diverse opportunities within the web3 ecosystem.

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