Venture capital investments in Web3 startups surpassed $1 billion in July, highlighting significant funding rounds and emerging trends in the crypto ecosystem.
Points
- Total investments in Web3 startups exceeded $1 billion.
- Key funding rounds and their significance.
- Notable startups and their innovations.
- Emerging trends in the Web3 investment landscape.
July saw a surge in venture capital investments in Web3 startups, with total funding surpassing $1 billion. This influx of capital highlights the growing confidence and interest in the crypto ecosystem.
Pichi Finance Raises $2.5M in Seed Funding
Pichi Finance completed a $2.5 million seed funding round led by UOB Venture Management, Signum Capital, and Mantle Network. The startup, a trustless points trading protocol, allows users to trade points earned from protocols like EigenLayer, Ether.Fi, and HyperLiquid. Pichi Finance uses the ERC-6551 token standard to enable the creation and trading of NFTs along with accrued points.
Sybill Secures $11M for AI-Sales Assistant
Sybill secured $11 million in Series A funding led by Greycroft, with participation from existing investors Neotribe Ventures, Powerhouse Ventures, and Uncorrelated Ventures. The funds will be used to scale Sybill’s AI platform, which automates sales tasks like call summarization, CRM updates, and email drafting.
Hyperbolic Secures $7M Seed Funding
Hyperbolic, an open-access AI computing platform, raised $7 million in seed funding led
Hyperbolic, an open-access AI computing platform, raised $7 million in seed funding led by Polychain Capital and Lightspeed Faction. This funding, which also saw participation from investors like Balaji Srinivasan and Sandeep Nailwal, will support the development of Hyperbolic’s decentralized platform. The platform aggregates global GPU resources, providing verifiable access through blockchain technology and offering AI model access at a fraction of traditional costs.
Raad Labs Closes $2.25M Funding Round
Raad Labs, a blockchain climate tech company from the Montauk Climate incubator, announced a $2.25 million funding round led by CoinFund, with participation from Tribe, EV3, and Protagonist. Raad Labs optimizes climate data measurement and forecasting through a decentralized network of sensors （DePIN model）. This technology monitors weather patterns, greenhouse gas emissions, wildfire risk, and soil degradation, providing low-cost weather data to governments and industries.
OKX Ventures Invests in zkLink
OKX Ventures invested an undisclosed amount in zkLink, a developer of zero-knowledge （ZK） infrastructure solutions focused on scaling and unifying assets across Ethereum and layer-2 rollups. zkLink’s main product, zkLink Nova, addresses liquidity fragmentation with transactions on a single L3 platform via zk-Proofs. Launched in mid-March, zkLink Nova has achieved a total value locked （TVL） of $1.05 billion, processing over 17 million transactions across nine ecosystems.
###解説
- The surge in venture capital investments in Web3 startups highlights the increasing confidence and interest in the blockchain and crypto ecosystem. Significant funding rounds, such as those by Pichi Finance, Sybill, Hyperbolic, Raad Labs, and zkLink, indicate strong investor belief in the potential of these innovative solutions.
- Pichi Finance’s approach to trustless points trading and Sybill’s AI-driven sales automation reflect the diverse applications of blockchain and AI technology. These startups are leveraging advanced technologies to solve real-world problems and enhance efficiency in various sectors.
- The decentralized infrastructure solutions by Hyperbolic and zkLink showcase the growing trend towards decentralization and scalability in the blockchain space. These platforms aim to provide more efficient, transparent, and cost-effective solutions compared to traditional models.
- The emphasis on sustainability and climate tech by Raad Labs underscores the importance of environmental considerations in the development of new technologies. By providing accurate and low-cost climate data, Raad Labs is contributing to better environmental management and policy-making.