VC Roundup: 8 -digit financing offers suggest the Crypto Taurus market, far from overcoming

The financing of the risk capital continued to revive in the Blockchain industry and cryptocurrencies in March, even though commentators on the market have sensational at the end of the Taurus market, against the backdrop of 30% of Bitcoin.

VC flows are considered a vital sign for the blockchain industry, with a higher transaction activity, indicating the strong appetite of investors and an growing innovation in space.

As reported by Cointegraph, the Blockchain startups gathered only $ 1.1 billion combined only in February, projects that extend on decentralized finance, decentralized physical infrastructure networks and payments that attract the share of capital flows.

Early signs suggest that March has probably been a stronger month for Crypto VC transactions, as is the growing size of investment rounds and the number of investors participating.

Eight offers are presented in the VC Roundup this month-by seven of them were evaluated in the eight-digit range.

Related: VC Roundup: Investors continue to support, web3 gaming, layer-1 rwas

Above the protocol increases $ 41 million by tokens sale

Throughout the protocol, an Ethereum Crosschain’s interoperability platform has collected $ 41 million in a sales of tokens that was driven by the risk company in San Francisco Paradigm. Coinbase Ventures, Bain Capital Crypto and Multicoin Capital also participated in the chip sell.

Over the protocol extends the Ethereum Layer-2 connectivity through the so-called “intentions”, an approach of architecture that decouples the transfers of assets and checking the messages.

“Urgent tasks – in active movement and the fulfillment of the intention – are performed immediately by a relay […] While checking the time consuming messages is done later, ”wrote Aiden Park, an engineer and technical writer, in an explanatory note about intentions.

“This approach allows to send messages cheap, quickly and safely, to differentiate it from other messages protocols,” he said.

Related: Greedy L2s are the reason why ETH is a “completely dead” investment: VC

Ribbit Capital leads $ 23.6 million Crosmint Crosmint

Enterprise Web3 Crossmint has closed a $ 23.6 million financing round to expand its onchain onboarding technology, which is designed to help companies and agents to embrace Web3 without needing Blockchain expertise. The financing round was run by Ribbit Capital risk company, based in San Francisco.

According to the Crossmint co-founder, Rodri Fernandez, the platform offers low code APIs for a variety of blockchain functions, including wallets, stablecoins, tokenization and accreditations. The announcement also claimed that over 40,000 companies and developers are now using transversals on more than 40 blockchain.

The Abundan Financial Application rests from almost the foundation, Circle Ventures

The remittance application in New York Abundă has closed a $ 14 million financing round, led by the Foundation, with participation in Circle Ventures.

The abundant application was designed to eliminate the remittance gap between India and its vast diaspora of citizens in the United States. The application claims that it has processed over 150 million dollars in remittances.

Abound was developed by The Times of India Group, a media company based in Mumbai.

Although it is not entirely clear how blockchain technology and digital assets do in the Abound Services, if it is at all, the participation near the projects suggests that the companies focused on the blockchain are increasingly focused on cross -border payments and remittance services.

Chronicle closes round seeds

Chronicle, an Oracle Ethereum and Tokenization infrastructure provider, raised $ 12 million in financing the seeds led by Strobe Ventures, previously known as the Blocktower Venture Capital. Additional investors included Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, Fenbushi Capital, Gnoza Ventures, 6th Man Ventures and more angel investors.

Chronicle connects protocol developers to real -time data flows, which are essential for Defi tokenization ecosystems and real world (RWA). The company mentioned an increasing institutional interest in RWA tokenization as one of the reasons for its early success.

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Related: Tokenized real estate trading platform is launching on the polygon

Defying at the stablecoin level debuts with $ 2.6 million in financing

In March, developer Blockchain Peregrin Exploration started USD Stablecoin, with $ 2.6 million in support of Dragonfly Capital, Polychain, Flowdesk and others.

The USD level is a yielding stablecoin, which emits digital dollars guaranteed by Stablecoins Restaped. Stablecoin’s market capitalization has increased significantly since its launch, reaching $ 116 million at the time of writing.

The USD level is integrated with several Defi protocols, including pendle, layerzero and spectacle. It can also be used as a guarantee for the MorPho noncustodial lending platform.

Related: VC Roundup: Bitcoin Rwa, BNB incubator, Web3 Gaming Saure Financing

Halliday tighte $ 20 million for agent -working work protocol protocol

The Halliday code-free blockchain has closed a $ 20 million series financing round to expand their workflow protocol (AWP)-A tool that helps developers to build Defi applications without having to write smart contracts.

The financing round was led by A16Z Crypto, with the additional participation from SV Angel, Avalanche Blizzard Fund, neutral credible, another layer and other investors angel.

Through AWP, blockchain companies can “build applications in hours, not in years,” Halliday said in his ad. Halliday’s programming model deals with all the technical aspects of Blockchain development and execution, which can theoretically allow companies to expand their products faster.

Validation cloud based on you close $ 15 million series a

Validation Cloud, a company at the intersection of artificial intelligence and blockchain infrastructure, has closed an investment of $ 15 million in series, supported by True Global Ventures. Additional investors include cadenza, Blockchain Founders Fund, Blocking and others.

Financing will be used to expand the Cloud Cloud Wallachure Infrastructure solutions, including staking, nodes and data offers.

Validation Cloud provides access to blockchain data and provides node solutions and movement. Its technology is used by Hedera, Aptic, Stellar, Eigenlayer, Polygon and others.

Skytale Digital debuts $ 20m dollars polkadot fond ecosystem

Blockchain Skytale Digital investment company has launched the Ecosystem Polkadot fund, allocating $ 20 million to continue developing the so-called “network network”.

The fund combines financial support, technical expertise and mentoring to help web3 developers to expand their product offers in the Polkadot ecosystem. Specifically, the fund concerns decentralized applications and critical infrastructure projects.

Polkadot is the 20th largest blockchain network, with a total market capitalization of about $ 7.3 billion, according to CoinmarketCap.

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