Crypto Startups Soar: Over $1 Billion Raised in March Amidst Robust Investment Surge
In March, crypto startups successfully raised over $1.16 billion in investments. Throughout the month, 180 projects secured funding from venture capital firms and private investors.
Key highlights from the investment activities include:
- The Optimism Foundation, which supports the development of the Optimism project, sold OP tokens worth $89 million to six private investors.
- Zama, a startup focusing on applications using homomorphic encryption technology, raised $73 million. Notable contributors to this round included Solana co-founder Anatoly Yakovenko and Ethereum and Polkadot co-founder Gavin Wood.
- Berachain, another significant project, garnered $69 million through a private token sale and was preliminarily valued at $1.5 billion.
Additionally, at least seven other projects in March attracted venture capital investments ranging from $30 million to $60 million each. Investors showed keen interest in infrastructure projects (including first and second layer blockchains), NFT-based games, and startups involved in decentralized finance (DeFi), real-world asset tokenization (RWA), distributed physical infrastructures (DePIN), and artificial intelligence.
These figures were reported by WuBlockchain and Root Data, highlighting a robust month for blockchain and crypto-related funding.
