Solv Protocol

2024

when

Opacity

<p class="is-style-lead">Praxis and Blockstream grabbed headlines this week, each with six-figure fundraising rounds, per the latest data.</p> 
<p>Crypto VC funding has seen a noticeable spike over the last seven days compared to last week, when Ithaca led the pack with a $20 million raise. However, this week, as Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) reclaimed the $68,000 level, crypto.news analyzed and collected data from <a href="https://crypto-fundraising.info/deal-flow/?start_date=2024-09-29&amp;end_date=2024-10-05&amp;sortby=raised&amp;sort=desc" target="_blank" rel="nofollow">data</a> from Oct. 13 to Oct. 19. </p> 
<p>Here are the firms that topped the list, according to Crypto Fundraising.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/bitcoin-etfs-surpass-2-1b-weekly-inflows-whale-accumulation-mirrors-2020-rally/"> Bitcoin ETFs surpass $2.1b weekly inflows, whale accumulation mirrors 2020 rally </a> </p> 
<h3 class="wp-block-heading" id="praxis-525-million">Praxis, $525 million</h3> 
<ul class="wp-block-list"> 
 <li>Praxis is the first network state, which is building an online community of people with similar national consciousness.</li> 
 <li>The firm leads the week’s crypto VC funding with $525 million raised.</li> 
 <li>The primary investors in the fundraising include Gem Digital, Arch, Manifold, etc.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/praxisnation/status/1846272986523050114 
 </div>
</figure> 
<h3 class="wp-block-heading" id="blockstream-210-million">Blockstream, $210 million</h3> 
<ul class="wp-block-list"> 
 <li>Blockstream is building a crypto-financial infrastructure based on Bitcoin.</li> 
 <li>The company has raised $210 million from lead investor Fulgur Ventures.</li> 
 <li>Blockstream’s crypto VC funding stands at $621 million in total.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Blockstream has closed a $210M convertible note financing round led by <a href="https://twitter.com/FulgurVentures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FulgurVentures</a>, driving our mission to bring Bitcoin into global finance. <br><br>This capital accelerates layer-2 development, expands mining ahead of the next Bitcoin cycle, and grows one of the world’s largest… <a rel="nofollow" href="https://t.co/gi1ov0LCYU" target="_blank">pic.twitter.com/gi1ov0LCYU</a></p>— Blockstream (@Blockstream) <a href="https://twitter.com/Blockstream/status/1846193752999608427?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h3 class="wp-block-heading" id="azra-games-42-7-million">Azra Games, $42.7 million</h3> 
<ul class="wp-block-list"> 
 <li>Azra Games is a gaming studio that focuses on creating immersive-role playing games.</li> 
 <li>In a Series A led by Pantera, the company <a href="https://medium.com/@azragames/azra-games-secures-42-7-c2a3ecb9bb7d" target="_blank" rel="nofollow">raised $42.7 million</a>.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Extraordinary games attract extraordinary investments. <br><br>We're thrilled to announce our $42.7m series A led by <a href="https://twitter.com/PanteraCapital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@PanteraCapital</a>, with participation from <a href="https://twitter.com/a16zcrypto?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@a16zcrypto</a>, <a href="https://twitter.com/a16zGames?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@a16zGames</a>, and <a href="https://twitter.com/NFX?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@NFX</a>. <a rel="nofollow" href="https://t.co/4Dou0fK8Un" target="_blank">https://t.co/4Dou0fK8Un</a><a href="https://twitter.com/FranklinBi?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FranklinBi</a> <a href="https://twitter.com/AriannaSimpson?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@AriannaSimpson</a> <a href="https://twitter.com/Tocelot?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Tocelot</a> <a href="https://twitter.com/zebird0?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@zebird0</a> <a href="https://twitter.com/GigiLevy?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@GigiLevy</a> <a rel="nofollow" href="https://t.co/Dq6DnSVUD0" target="_blank">pic.twitter.com/Dq6DnSVUD0</a></p>— Azra Games (@AzraGames) <a href="https://twitter.com/AzraGames/status/1846207939776073744?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h3 class="wp-block-heading" id="yellow-card-financial-33-million">Yellow Card Financial, $33 million</h3> 
<ul class="wp-block-list"> 
 <li>Yellow Card Financial is a pan-African crypto exchange.</li> 
 <li>The exchange raised $33 million in a Series C led by Blockchain Capital.</li> 
 <li>Yellow Card Financial has raised a total of $89.5 million so far.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/yellowcard_app/status/1846599940899766563 
 </div>
</figure> 
<h3 class="wp-block-heading" id="towns-25-5-million">Towns, $25.5 million</h3> 
<ul class="wp-block-list"> 
 <li>Towns is a web3 group chat protocol that allows communities to build blockchain-based gatherings.</li> 
 <li>The firm has <a href="https://fortune.com/crypto/2024/10/15/exclusive-towns-raised-25-5-million-from-andreessen-horowitz-the-on-chain-messaging-platform-launches-today/" target="_blank" rel="nofollow">raised $25.5 million</a> in a Series A by a16z Crypto, Benchmark and Framework.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/townsxyz/status/1846167943471943908 
 </div>
</figure> 
<h3 class="wp-block-heading" id="bitnomial-25-million">Bitnomial, $25 million</h3> 
<ul class="wp-block-list"> 
 <li>Bitnomial is a crypto exchange based in the U.S. that offers futures and options trading for cryptocurrencies.</li> 
 <li>The exchange raised $25 million from Ripple via a Series C funding round.</li> 
 <li>Bitnomial has raised $36.6 million so far.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Bitnomial is announcing the upcoming launch of perpetual futures on our CFTC-regulated Bitnomial Exchange. As part of that, we will be launching <a href="https://twitter.com/botanical?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Botanical</a>, a platform for all investors to trade perpetual futures, traditional futures, and options.<br><br>Read more here:… <a rel="nofollow" href="https://t.co/oagZNhIAxh" target="_blank">pic.twitter.com/oagZNhIAxh</a></p>— Bitnomial (@Bitnomial) <a href="https://twitter.com/Bitnomial/status/1846188841381593591?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h3 class="wp-block-heading" id="zkpass-12-5-million">ZkPass, $12.5 million</h3> 
<ul class="wp-block-list"> 
 <li>The identity verification solution has raised $12.5 million in a Series A round, with a round valuation of $100 million.</li> 
 <li>ZkPass has raised $15 million till date.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">We’re thrilled to announce that zkPass has successfully secured $12.5M in a Series A funding round! This brings our total funding to $15M and will accelerate zkTLS development across Web3 ecosystems.<br><br>Shipping matters more than storytelling.<br><br>🧵 1/10 <a rel="nofollow" href="https://t.co/RHeYeyxJIx" target="_blank">pic.twitter.com/RHeYeyxJIx</a></p>— zkPass (@zkPass) <a href="https://twitter.com/zkPass/status/1846933023285285014?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 17, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h3 class="wp-block-heading" id="opacity-network-12-million">Opacity Network, $12 million</h3> 
<ul class="wp-block-list"> 
 <li>Opacity Network is a zero-knowledge proof protocol that aids in enabling verification without disclosing any details.</li> 
 <li>The firm has raised $12 million in a seed funding round.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1/ The hype is real. <br><br>Opacity has raised $12M led by <a href="https://twitter.com/archetypevc?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@archetypevc</a> and <a href="https://twitter.com/BreyerCap?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@BreyerCap</a>, with support from <a href="https://twitter.com/a16zcrypto?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@a16zcrypto</a> CSX, <a href="https://twitter.com/FinalityCap?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FinalityCap</a>, <a href="https://twitter.com/bodhi_ventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@bodhi_ventures</a>, <a href="https://twitter.com/NorthIslandVC?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@NorthIslandVC</a>,<a href="https://twitter.com/EV3ventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@EV3ventures</a>, <a href="https://twitter.com/AmbushCapital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ambushcapital</a> and <a href="https://twitter.com/gd1_vc?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@GD1_VC</a>. <a rel="nofollow" href="https://t.co/4R1v2VEoh4" target="_blank">pic.twitter.com/4R1v2VEoh4</a></p>— Opacity Network (@OpacityNetwork) <a href="https://twitter.com/OpacityNetwork/status/1846239543403688030?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h3 class="wp-block-heading" id="solv-protocol-11-million">Solv Protocol, $11 million</h3> 
<ul class="wp-block-list"> 
 <li>Solv Protocol provides investors with access to crypto investments via a trustless fund infrastructure.</li> 
 <li>The company raised $11 million in a strategic round with a round valuation of $200 million.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Announcing $25M in total fundraising to pave the way for mass adoption of Bitcoin staking, powered by our recently launched Staking Abstraction Layer (SAL).<br><br>🧵👇 <a rel="nofollow" href="https://t.co/OOooj6g7Cr" target="_blank">pic.twitter.com/OOooj6g7Cr</a></p>— Solv Protocol (@SolvProtocol) <a href="https://twitter.com/SolvProtocol/status/1845799371318976853?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h3 class="wp-block-heading" id="mento-labs-10-million">Mento Labs, $10 million</h3> 
<ul class="wp-block-list"> 
 <li>Mento Labs is a platform that creates and operates multi-currency stable assets.</li> 
 <li>The firm has raised $10 million on Oct. 16.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">📣 <a href="https://twitter.com/MentoLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MentoLabs</a> proudly announces a $10M raise! 🎉<br><br>Amid growth and milestones, we're unveiling a stablecoin roadmap to introduce new decentralized local currency stablecoins across Africa, Asia, and Latin America. <a rel="nofollow" href="https://t.co/CvMGLeMseA" target="_blank">pic.twitter.com/CvMGLeMseA</a></p>— Mento Labs (@MentoLabs) <a href="https://twitter.com/MentoLabs/status/1846447747257585860?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 16, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h3 class="wp-block-heading" id="crypto-vc-funding-rounds-10-million">Crypto VC funding rounds &lt; $10 million</h3> 
<ul class="wp-block-list"> 
 <li>Predicate: The decentralized network raised $7 million.</li> 
 <li>ZeroBase: The ZK proof generation platform raised $5 million from investors like Binance Labs, Lightspeed Action, etc.</li> 
 <li>Drop Protocol: Drop Protocol raised $4 million in a seed funding round.</li> 
 <li>Plasma: The zero-fee payment platform raised $3.5 million.</li> 
 <li>Pell Network: Pell Network raised $3 million in a pre-seed round.</li> 
 <li>Blockcast: The content delivery network raised $2.85 million in a seed funding round.</li> 
 <li>The Arena: The Arena raised $2 million in a pre-seed round.</li> 
 <li>Hyve DA: The data availability network raised $1.85 million in a pre-seed round.</li> 
 <li>Surge: Surge raised $1.8 million in a pre-seed round from investors like Gerstenbrot Capital, CoinGecko, etc.</li> 
 <li>Hermetica: The DeFi platform raised $1.7 million in a seed round.</li> 
 <li>Lombard: Lombard raised $1 million from Binance Labs.</li> 
 <li>World of Dypians, CCData, Bracket Labs and Marketnode raised undisclosed amounts this week.</li> 
</ul> 
<p>Check out our last week’s column <a href="https://crypto.news/crypto-vc-funding-ithaca-leads-week-20-million-delta/" target="_blank">from here</a>.</p> 
<p> Read more: <a rel="" href="https://crypto.news/nyse-cboe-set-to-list-bitcoin-etf-options-sec-approval/"> NYSE, CBOE set to list Bitcoin ETF options following SEC approval </a> </p>

Crypto VC funding: Praxis takes home $525m, Blockstream follows suit with $210m

Table of Contents

crypto.news

Other articles published on Oct 19, 2024

AI Bot Achieves Millionaire Status in Crypto

Cardano Ecosystem Sees Surge in ADA Whale Activity

BlackRock’s Bold Move: The $3 Trillion Crypto Derivatives Market Is Next

Can Upcoming Fed Decisions Spark a Price Rebound for Bitcoin, Cardano, and XRP? Will the New Meme...

How Onchain Consumer Apps are Disrupting Web2: A Deep Dive into Meme Culture and the Future of Us...

Germany Bitcoin Strategic Reserve: Samson Mow Advocates for National Bitcoin Acquisition

Join our free newsletter for daily crypto updates!