– Blockchain-based startups continue to secure funding despite the bear market, with MetaMask partner Blockaid raising $33 million in October.
– Overall funding in the crypto industry has dropped to levels last seen in 2020, totaling $2.1 billion over 297 deals in Q3 2023.
– Investors are taking a closer look at projects before investing and seeking tangible real-world applications.
– Untangled Finance, a London-based fintech, raised $13.5 million to bring institutional-grade credit with a built-in liquidation mechanism on-chain.
– Nocturne, a protocol enabling on-chain private accounts, raised $6 million in a seed funding round co-led by Bain Capital Crypto and Polychain Capital.
– Account Labs, a web3 wallet provider, secured $7.7 million in funding for its UniPass Wallet app.
– Rymedi, a blockchain-based healthcare data exchange platform, raised $9 million in a Series A round to expand its reach.
– Waterfall Network, a layer-1 protocol, raised $2 million for its mainnet launch and is collaborating with BlueWave Corporation.
– These funding rounds highlight the continued interest and investment in blockchain technology and its potential real-world applications.
