Crypto Startups Secure $201.4M in Funding: Futureverse and RISC Zero Lead the Way
Last week, venture capital and investment firms invested $201.4 million in crypto projects, with metaverse startup Futureverse and RISC Zero receiving the largest fundraises.
Eleven companies recently announced funding rounds, with two standout raises. Metaverse startup Futureverse secured an impressive $54 million from its Series A funding round, led by 10T Holdings and Ripple Labs.
At the same time, RISC Zero, a provider of zero-knowledge-proof tools for developers, raised $40 million in a Series A round.
Futureverse has a clear mission: to empower developers and users by providing a collaborative ecosystem that consolidates 11 metaverse infrastructure and content companies.
Futureverse intends to use the funds from the funding round to enhance its comprehensive technology, which includes the Futureverse Platform and The Root Network, its blockchain.
Apart from RISC Zero, the funding round featured five other infrastructure sector companies: Cosmic Wire, Manta Network, Echooo Wallet, Side Protocol, and Over Protocol.
Infrastructure funding is surging, with venture capitalists (VCs) showing increasing interest in this sector.
In June alone, the infrastructure sector received over $210 million in funding across 26 funding rounds, and this trend has continued in recent weeks.
Last week, Seattle-based developer Risc Zero secured $40 million in Series A funding, led by Blockchain Capital, with participation from key investors like Bain Capital Crypto, Galaxy Digital, IOSG, and RockawayX. Risc Zero, directed by CEO Brian Retford, aims to enhance accessibility and efficiency for ZK-powered applications across various computing environments.
Cosmic Wire, a Web3 and blockchain solutions technology company, successfully raised $30
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