Crypto Fundraising Wrap-Up: Notable Investments Closing Out 2024

In the final week of 2024, the crypto fundraising landscape saw notable investments across various sectors, with a total of nearly $120 million raised. This represents a decline from the previous week’s $400 million. Despite the decrease, several projects secured significant funding, highlighting the continued interest in the blockchain and cryptocurrency space.

Beam Raises $72 Million Through Public Sale

Beam, a project focused on Avalanche ecosystem development, raised $72 million through a public sale, with over 27,000 node tokens minted. This development has sparked interest in the potential blueprint for Layer 1 (L1) decentralization in the web3 space.

Other Notable Investments

Several other projects secured significant funding, including:

  • ChainOpera AI: $17 million in seed funding for AI integration in Layer 1 solutions, backed by Finality, Road Capital, and IDG Capital, among others.
  • Trrue Chain: $10 million in private funding for Layer 1 infrastructure development, backed by Gem Digital.
  • Avalon Labs: $10 million in Series A funding to build on Bitcoin and Merlin Chain ecosystems, backed by Framework, Kenetic, and SNZ.
  • Usual Labs: $10 million in Series A funding, with a total of $18.5 million, for the development of the USD0 stablecoin, backed by Binance Labs, Kraken Ventures, and Galaxy.

Notable Crypto VC Funding Rounds Under $10 Million

Other notable funding rounds include:

  • Nodepay: $7 million for AI infrastructure development.
  • Swan Chain (ex Fi1Swan): $2 million for zero-knowledge and DePIN solutions.
  • RuneMine: $2 million for Bitcoin and Solana ecosystem development.
  • The Grid: $624,000 in angel funding for Solana analytics.
  • Easeflow: Funding amount TBD, focusing on DePIN infrastructure.

The final week of 2024 demonstrated the growing importance of blockchain gaming, with Beam’s substantial public sale showing strong retail interest in gaming infrastructure.

For more information on the latest crypto fundraising data and trends, visit Global Crypto News. Stay up-to-date with the latest developments in the cryptocurrency and blockchain space.

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