Crypto Funding Defies Market Volatility: $159.5 Million Raised in a Week!

From June 15 to June 21, 18 Projects Secure Big Bucks

Hold onto your hats, crypto enthusiasts! Despite the wild swings in the market, crypto fundraising is still on fire. From June 15 to June 21, a whopping 18 projects managed to rake in a staggering $159.5 million. Talk about resilience!

This week, it was all about infrastructure and AI-focused ventures stealing the show. EigenLayer blew everyone away with a massive $70 million round, thanks to the big shots at a16z crypto. That brings their total funding to a mind-blowing $234.5 million. But wait, there's more! PrismaX, Sparkchain AI, Gradient Network, Ubyx, and Units Network each snagged at least $10 million from heavy hitters like Pantera, Lightspeed, Galaxy Digital, and Coinbase Ventures. These guys mean business!

What does this tell us? Investors are still all in on foundational crypto tech and the juicy intersection with AI. Sure, the big bucks are flowing to a select few, but that's where the action is!

Get ready for the nitty-gritty details on this week's crypto funding frenzy, straight from the experts at Crypto Fundraising:

Listen up, folks! We just locked down a $10 million seed round, led by the legends at Pantera Capital and Multicoin Capital. And guess what? HSG Capital, top-tier partners, and the cream of the crop in AI and crypto are all in on this. This is huge for our mission to build the world's first fully decentralized AI runtime. Buckle up, because we're just getting started!

Boom! We've got another $10 million in the bank, courtesy of Nimbus Capital. These global investors know a good thing when they see it, with over $1.3 billion in AUM. They're all about cross-border blockchain deals, and they've got their eyes on us to accelerate our ecosystem growth. Get ready for some serious activation!