The blockchain space experienced a significant influx of venture capital funding this past week, as 23 startups collectively raised over $154 million. This marked a substantial increase from the previous week, with an additional $91 million flowing into the crypto industry. VC firms showed strong support for the sector by backing 10 more projects than in the previous week. Among the standout deals were Conduit securing $37 million in a series A round, MegaLabs raising $20 million for its Ethereum scaling protocol, and Ora receiving $20 million to integrate AI into decentralized applications. These investments are poised to drive innovation and advancement within the blockchain and crypto space, underscoring continued confidence and interest from the investor community in emerging technologies.
Blockchain Startups Raise $154M in VC Funding Frenzy, US
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