Tracking crypto funding: Top 7 projects raising capital in a bear market

moneycontrol.com:

Despite the prevailing high-interest rates and bearish market sentiment, Venture Capital (VC) funding has continued to flow to the crypto industry.While the rate of investment is slower compared to previous years, some projects are still able to receive funding without worries about the market situation.The source for information on these fund raises is DeFiLlama, which provides valuable insights into crypto investments.Renegade is a project that promises "complete anonymity during the entire lifecycle of a trade." This comes at a time when centralized finance has been proven to be untrustworthy, governments are becoming more antagonistic towards crypto, and MEV can somehow sabotage trades.Renegade offers sophisticated security, privacy, and MEV protection, and has been backed by notable figures in the crypto space.Alongside is a crypto financial service that enables investors to invest in crypto through indexes, similar to traditional finance through the S&P 500 or Nasdaq.

Although previous attempts at creating crypto indexes have failed due to the unpredictable nature of the market, the recent downfall of Alameda has renewed interest in the idea.OPNX is a new exchange backed by Su Zhu, who has been involved in several notable crypto projects in the past.

Despite the bankruptcy of one of Su Zhu's previous projects, OPNX has launched and raised an unknown amount of funding.The platform makes locked funds tradable, allowing them to be used as collateral when trading.

While some are skeptical about the idea due to Su Zhu's reputation, there is potential for the platform to succeed.Superplastic is an Non-Fungible Token (NFT) project that has been backed by Amazon, Google Ventures, Sony, and Animoca.