With the recent developments in the cryptocurrency ecosystem, a significant wave of investment has attracted the attention of both enthusiasts and industry insiders. These investments cover a wide range of sectors. Moreover, familiar names such as Cardano and MEXC also participate in these investment rounds. Here are the details…
These 6 crypto investments attracted attention
Paima receives grant from Cardano
In a significant development for the blockchain gaming industry, Paima, a Layer 2 (L2) solution specific to blockchain gaming, announced that it has received a significant grant of $1.4 million from the Cardano ecosystem. This news comes as a promising boost for Paima, whose code is now open source and available on GitHub, demonstrating its commitment to transparency and community engagement. Paima is not just about infrastructure; The team is also closely involved in game development. This versatile approach positions Paima as a promising player in the blockchain gaming space.
Blackbird raised $24 million
Blackbird, a revolutionary platform that aims to enhance the dining experience with web3, has successfully completed its $24 million Series A financing round. The financing was led by a16z Crypto, a well-known venture capital firm in the crypto industry, with significant participation from Amex Ventures and QED Investors. Blackbird’s mission is clear: to provide restaurants with loyalty and connection tools that enable every guest to enjoy a personalized dining experience. With Blackbird, customers can access exclusive rewards, benefits and FLY loyalty points every time they dine.
Cicada raised $9.7 million
Cicada Partners, a leading on-chain credit risk management company, has successfully completed its Pre-Seed funding round, raising an impressive $9.7 million. The financing was led by Choppa Capital and included participation from notable investors such as Bitscale, Bodhi Ventures and Shiliang Tang. The capital infusion will be instrumental in providing seed capital for multiple new non-custodial lending pools and conducting research and development for groundbreaking Blockchain lending use cases.
$1.6 million in seed funding
L1 Advisors, an on-chain wealth and asset management protocol, has successfully completed its pre-seed funding round, raising $1.6 million. This round was led by VanEck with participation from Ironclad Financial, Ismail Jai Hokimi, Ram Ahluwalia and other leading investors. L1 Advisors is on a mission to create a robust operating system for building on-chain wealth and asset management solutions. Their focus is to empower financial professionals and their clients to effectively manage, grow and protect their assets using decentralized infrastructure, including protocols and wallets.
TON investment from MEXC
In a strategic move, TON Blockchain announced that it has received a significant investment of tens of millions of dollars from MEXC Ventures, a leading venture capital firm affiliated with MEXC. Although the exact amount has not been disclosed, this partnership marks an important milestone for both parties. MEXC and TON Foundation have solidified their strategic collaboration, with MEXC committing to providing marketing services and promoting TON-based projects listed on its platform. Additionally, plans are in the works to launch TON mortgage loan services and eliminate transaction fees for TON tokens, among other exciting initiatives.
Convergence raised $2.5 million
Finally, Convergence RFQ, a dynamic decentralized exchange (DEX) operating within the Solana ecosystem, successfully raised $2.5 million in pre-seed financing at an impressive $30 million valuation. This funding round was led by C² Ventures and saw participation from Big Brain Holdings, Israel Blockchain Association, Auros Global and more. Convergence RFQ is set to make waves in the onchain crypto trading world. The platform, which offers support for both spot and derivatives trading, is set to launch early next month and has ambitions to expand into Arbitrum.
