Bittime - The world ofblockchain or crypto based startupsis buzzing again! Big investors (VC -Venture Capitalists) are again looking at crypto assets. They bring fresh funds along with new ways to fund crypto startups.
In addition to direct investment, there are now also grants and node sales to raise capital.
Grants to Support Crypto Innovation
For example, Seamless, a layer-2 blockchain-based lending platform, along with Degen Chain (developer focused) and Pandora (creator focused), plans to distribute nearly $600,000 in grants to creators and developers building apps on the Base network.
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More grants coming soon from the SingularityNET ecosystem. Deep Funding Round 4, which provides more than $1 million for decentralized artificial intelligence (AI) development, is planned to launch in early May.
Also read: What is SingularityNET AGIX?
Investors are getting excited again, crypto startups are getting easier to find capital
Apart from grants, other good news is that investors are now more open to funding crypto startups. Investments in crypto companies rose 38% in the first quarter of 2024, and the number of projects receiving funding rose 49% - the highest since the fourth quarter of 2021.
Total investment in March alone reached $1.1 billion for 180 crypto projects, up 52.5% compared to the previous month. Most of the funds went to infrastructure and decentralized finance (DeFi) projects.
Also Read How to Buy Crypto:
Latest Crypto Startup Receives Funding
- Monad Labs: This layer-1blockchain company received a $225 million investment from Paradigm.
- Auradine: This crypto mining hardware manufacturer raised $80 million in a Series B funding round.
Highlights This Time
Sapien
An AI and blockchain-based data labeling platform that received a $5 million seed round.
Alpen Labs
Developing layer-2 technology for Bitcoin to make it more efficient, raised $10.6 million.
Also read: Crypto Hedge Funds: Opportunities & Risks in a New World
HYCHAIN
Ethereum-based layer-2 network for online gaming, raised $8 million from node sales in 48 hours.
Web3Firewall
A security platform for crypto companies gets $2.5 million in seed funding.
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The world of crypto startups is getting more interesting with various ways to raise capital and re-enthusiastic investors. Stay tuned to see the latest innovations emerging!
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is the Futures Funding Rate?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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