- Futureverse secures $54M for AI-powered metaverse experiences.
- Risc Zero secures $40M to advance zero-knowledge cryptography and verifiable software.
- Flashbots raises $60M to combat Ethereum MEV, while Animoca Brands invests $30M in hi’s NFT advancements.
In a recent tweet, DefiLlama, the platform known for providing open and transparent DeFi analytics, revealed the top fundraising initiatives in the crypto space that rocked the month of July.
Leading the pack was Futureverse. The firm secured an impressive $54 million in a Series A funding round spearheaded by 10T Holdings and Ripple Labs.
DefiLlama noted that by leveraging the fusion of artificial intelligence and blockchain technology, Futureverse is set to immerse users in metaverse experiences. It further highlighted the company’s expansion plans, including FLUF World and AI League projects.
Meanwhile, Risc Zero, a contender in zero-knowledge cryptography and zk-STARKs, has garnered substantial support with a Series A funding injection of $40 million. According to DefiLlama, Risc Zero’s zkVM technology is a testament to its commitment to ensuring the accurate execution of Rust code, enabling the creation of verifiable software applications.
Furthermore, Cosmic Wire, a startup with a vision to transform Web3, has successfully raised $30 million in a seed funding round. Backed by prominent players Solana and Polygon, Cosmic Wire aims to revolutionize the Web3 infrastructure by offering metaverse creation tools and blockchain solutions. Notably, their efforts are bolstered by the support of Google Cloud’s Web3 program.
Similarly, Flashbots, specializing in transparent and efficient Miner Extractable Value (MEV) extraction, secured a significant $60 million in a Series B funding round led by Paradigm. Additionally, the Flashbots team is developing SUAVE, an independent platform designed to mitigate the adverse effects of MEV on the Ethereum network.
Animoca Brands also announced a substantial $30 million investment in hi, solidifying a strategic partnership between the two entities. This collaboration seeks to amplify the utility of fungible and non-fungible tokens (NFTs) within the Web3 ecosystem. Notable innovations on the horizon include hi’s NFT avatar customization debit card, slated for release in the third quarter of 2023.
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