Venture Capital Investments in Cryptocurrency: Camp Network and Miden Each Secure $25 Million Each
Crypto Funding Surge! 💪🏻 thirty million smackers raked in by 15 projects 💸
Looky here, folks! Last week, April 27 to May 3, was a hot month for crypto funding, bagging a staggering $104.7 million across 15 divergent projects. Let's run down the movers and shakers. 🌟
For starters, two badass players entered the big leagues, Camp Network and Miden, each storming ahead with a hefty $25 million in their coffers. 💳
🌟 Camp Network: The $29 Million Giant 🌟🤖 Series A round raked in $25 million, boosted by 1kx, Blockchain Capital, and OKX Ventures. With a total haul of $29 million so far, Camp Network's shaping up to be an undeniable force in the crypto world. 🔥
⚡️ Miden: A $25 Million Seed Blast ⚡️Miden scorched its way into the top brackets with a smokin' hot $25 million Seed round, thanks to a16z crypto, Hack VC, and 1kx. 💥
📈 Other Heavy Hitters 📈👉 Thru (Unto Labs), flush with $14.4 million, boasts a whopping $140 million valuation. The investment came courtesy of Framework and Electric Capital. 💸👉 Dinari mustered $12.7 million in a Series A round and has a grand total of $22.7 million raised. Hack VC, BlockChange, and VanEck backed their play. 💰👉 Terminal 3 collected $8 million in a Seed round, with investors like Illuminate Financial, Titan Fund, and IDG on board. 💲👉 And let's not forget the eight underdogs fighting tooth and nail for a piece of the action, raking in between $300k and $7 million. 🔥
🚀 Senator Lummis Claims Trump's in the Bitcoin Whale Club 🚀Lemme tell ya, things get even juicier! Senator Lummis alleged that Trump's onboard the Bitcoin train, banking on a strategic 1M Bitcoin reserve bill. Woot woot, that's a whole lotta coins, buddy! 🤯
Now, I know I've fed ya some juicy tidbits here, but don't wanna pester ya too much with every tiny detail. 😉 If you're itching for more, don't hesitate to ask for more, and I'll spill the tea! 🍵
- incremental data from enrichment: This week's crypto funding activity showed heightened interest in infrastructure projects, as well as continued support for privacy, AI, and DeFi solutions.
- On the investment front, BlackRock made headlines with its attempt to tokenize assets and create a blockchain-based share class for its $150 billion Treasury Trust Fund. Ethereum-based investment products saw positive inflows for the second consecutive week, attracting $149 million, while Bitcoin witnessed substantial inflows of $1.8 billion in Bitcoin-focused funds.
- The crypto world saw a recent surge in funding, with a total of $104.7 million raised across 15 diverse projects from April 27 to May 3.
- Two prominent players, Camp Network and Miden, both managed to collect $25 million each in their respective funding rounds.
- Camp Network, with a total of $29 million raised, is poised to be a significant force in the crypto industry, propelled by investments from 1kx, Blockchain Capital, and OKX Ventures.
- Miden, on the other hand, secured its position in the top brackets with a $25 million Seed round backed by a16z crypto, Hack VC, and 1kx.
- Other projects that fared well in the funding activity include Thru (Unto Labs) with a $140 million valuation, Dinari with a total of $22.7 million raised, and Terminal 3 with $8 million raised.
- Additionally, eight underdogs secured funding between $300k and $7 million each, indicating a wider range of projects making strides in the crypto space.
- This week's funding activity demonstrated increased interest in infrastructure projects, as well as continued support for privacy, AI, and DeFi solutions.
- Notable developments in the investment landscape include BlackRock's attempt to tokenize assets and create a blockchain-based share class for its $150 billion Treasury Trust Fund, and positive inflows in Ethereum-based investment products and Bitcoin-focused funds.
