Palcoin Token’s Post

Cryptoventure investors interested in AI direction Cryptocurrency investors invested $213 million in AI-related projects in the third quarter of 2024, according to a report by Messari. This is a 340% increase from last year's figure and a 250% increase from the previous reporting period. The investments are in various sectors like decentralized platforms, social networks, DeFi, DePIN and others. “While total venture capital funding in Q3 2024, at $3.8 billion, is down slightly from previous quarters, the strong focus on AI and DePIN suggests that venture capitalists are positioning themselves for long-term growth in sectors that they believe will define the next phase of the crypto industry,” the experts said. Outside the digital asset sector, total investments in generative AI amounted to $3.9 billion in 206 deals. Such data is cited by PitchBook, TechCrunch writes. However, it does not take into account the OpenAI deal, which in early October attracted $6.6 billion at a valuation of $157 billion. Interest in AI is growing Discussions of AI-related topics grew by 50% in October. The positive dynamics was recorded amid the growth of Nvidia shares to a new historical maximum. The company is one of the key beneficiaries of the AI boom thanks to sales of its chips for technology-oriented startups. In August, Binance Labs Investment Director Max Coniglio explained the reasons for the company's plunge into the AI sector.

Funding Frenzy in Crypto & Web3!💰🚀🌕 The crypto and Web3 space has recently experienced a surge in venture capital funding! Here are some recent notable raises:✅ - Adamik: Successfully raised €1M in Pre-Seed funding. They're on a mission to scale blockchain integration by enabling developers to build true multichain products with ease, and effortlessly connecting to over 20 blockchain ecosystems through a single, unified API. - Optimism Foundation: Concluded $90M Private Token Sale. Optimism Foundation's mission is to seed and grow an ecosystem of projects and infrastructure that drives global adoption of the Optimism protocol. - X10: Successfully raised $6.5M in Seed funding. X10 is a new crypto exchange for professional traders founded by three former Revolut employees. They are a self-custody exchange that aims to provide a 10x better experience for every trader while adhering to the principles of self-custody and transparency. - Agora: Closes a $12M Seed round of funding. Agora is building next-generation payments and asset infrastructure for the transmission of value on blockchain-based rails. The first product they plan to launch will be a fully collateralized, freely tradeable US digital dollar (stablecoin). - Securitize: Successfully raised a $47M round of strategic funding. This investment coincides with BlackRock’s selection of Securitize as the transfer agent of its first tokenized fund on a public blockchain. The investment will help to fuel Securitize's continued innovation and expansion as it further solidifies its position as a leader in the digital asset securities ecosystem. - Legitimate: Has raised a $4.3M Seed round led by Lemniscap. Legitimate is an on-chain project to keep physical assets in sync with their digital counterparts. Legitimate enables projects to embed a wide range of digital content into their physical goods via Legitimate's LGT Tags, which are special encrypted NFC chips that are integrated seamlessly into clients' supply chains and manufacturing processes. This influx of capital signifies a growing confidence in the future of Web3. But with great funding comes great responsibility...to build a world-class team! BlockRec can help.🤝 We're a team of passionate Web3 experts with the network and expertise to connect you with the top talent you need to supercharge your growth. Need to move quickly and discreetly? Our innovative Blackout platform connects you with pre-vetted, top-tier talent seeking their next challenge. Ready to build a dream team fueled by fresh funding? Let's chat! #BlockRec #Blackout #Web3 #Funding #Crypto

📢Syndika x Yellow Capital: Empowering Early-Stage Projects for Long-Term Growth📢 🚀We’re excited to announce our partnership with Yellow, a leading venture capital and crypto market maker firm dedicated to accelerating the success of innovative blockchain projects. 🔎About Yellow Capital Yellow Capital is part of the influential Yellow Group, a collective of industry leaders driving innovation in Web3. With contributions to over 100 blockchain projects, Yellow Capital has become a cornerstone in shaping the future of Web3’s Internet of Finance by offering unmatched expertise in building sustainable, high-impact solutions: ✅ Holistic Project Support: From idea inception to becoming a top-ranked token, Yellow Capital supports projects through every stage of their journey, ensuring growth and market success. ✅ Pioneering Expertise: Backed by years of experience, their team delivers tailored strategies and cutting-edge solutions that set projects apart in the competitive blockchain space. ✅ Visionary Leadership: With Alexis Yellow’s background as a blockchain pioneer and rocket scientist, Yellow Capital’s leadership combines technical expertise with bold, innovative thinking. 🤝 Syndika x Yellow Capital: What We’ll Achieve Together By combining Yellow Capital’s expertise in project growth with Syndika’s expansive network of 80+ Web3 founders, we aim to drive greater value for projects, empowering them to scale and achieve their goals. Together, we’ll enhance deal-sharing and connections, creating a seamless ecosystem for blockchain innovation and development. 🎙“Yellow Capital partnered with Syndika because they share a long-term vision like ours and are committed to helping early-stage projects in their growth. By joining forces, we can bring more value to projects and help them achieve their goals,” says Alexis Sirkia, Co-Founder of Yellow Capital.

VC Roundup: Crypto Funding Hits $13.6B in 2024, Projected to Soar to $18B in 2025: The blockchain ecosystem is buzzing as venture capital (VC) funding in crypto startups rebounds strongly, reaching $13.6 billion in 2024. This marks a significant uptick from 2023’s $10.1 billion, signaling renewed investor confidence in the sector. However, the industry still trails its 2021 peak of $32.4 billion, highlighting both progress and potential. Highlights from 2024’s VC Landscape Several standout projects made waves this year: Monad Foundation raised a staggering $225 million to build a next-gen layer-1 smart contract network. Berachain secured $100 million for its modular blockchain platform. Babylon Labs brought in $70 million for its Bitcoin staking protocol. Securitize attracted $47 million from major players like BlackRock to enhance its tokenization platform. What’s Driving the Momentum? Declining interest rates and increasing regulatory clarity are setting the stage for an even stronger 2025. Analysts from Galaxy Research predict these factors will heighten investor appetite, with VC funding expected to top $18 billion next year. Late 2024 VC Highlights Avalon Labs : $10M Series A Bitcoin protocol Avalon Labs raised $10 million in a Series A round led by Framework Ventures, with backing from Kenetic Capital and SNZ Capital. Focus: Expanding its Bitcoin-backed DeFi ecosystem, including stablecoins and lending products. Achievements: Over 20,000 Bitcoin serviced and 200,000+ active users. Flagship product: USDa stablecoin, boasting $466M in total value locked. Usual: $10M Series A French decentralized stablecoin issuer Usual secured $10 million in funding led by Binance Labs and Kraken Ventures. Unique Approach: A stablecoin backed by real-world assets (RWA), reducing banking risks. Impact: Usual USD (USD0) manages over $1.7 billion in total value locked. Community-Driven: 90% of its native token is distributed to users, fostering governance and profit-sharing. Accountable: $2.3M Seed Funding Blockchain data protocol Accountable raised $2.3 million in seed funding led by MitonC and Zee Prime Capital. Innovation: Privacy-focused data sharing using zero-knowledge proofs. Use Case: Facilitates real-time, verified asset data for institutional and retail clients in the crypto credit market. THENA: Binance Labs-Backed DEX Decentralized exchange Thena on the BNB Chain secured undisclosed funding from Binance Labs. Key Features: Spot and leverage trading up to 60x with a unique ve(3,3) tokenomics model. Growth: Plans to expand crosschain operations and scale its DeFi offerings.

CRYPTO VC BLUE7 OUTLINES WHY FUEL NETWORK’S ARCHITECTURE IS SO POWERFUL… - Leading venture capital fund, Blue7, recently published an in-depth article discussing how Fuel Labs’s unique rollup architecture stands to overturn some of the biggest issues facing the blockchain sector today… - Blue7’s piece begins by articulating perhaps the key issue in blockchain scalability today - State Growth. - As blockchain usage grows, so too does the stockpile of ‘essential data’, making it evermore cumbersome to verify changes, regardless of throughput capacity. “It matters little how quickly we can process transactions if verifying and applying those changes becomes prohibitively slow.” - Two major solutions exist in the blockchain industry today. One involves efficiency, and the other involves offloading nonessential data - Both, however, have serious trade-offs… Enter Fuel Network… “Fuel stands out with a modality that tackles state growth at its root while still empowering greater developer compute and design choices.” - Fuel’s UTXO model features built-in mechanisms to optimize for efficiency. - Meanwhile, Fuel implements ‘Native State Rehydration’ meaning that “Developers have the flexibility to break down the state into manageable chunks. Instead of having to store the entirety of a smart contract's state”. - If data is needed, it can be ‘rehydrated’ (basically fetched from an external source), without placing unnecessary burdens on the network itself. - Neither of these features are unique to Fuel. However, the combination of the two is what makes its architecture so powerful. - Blue7’s thesis then goes on to discuss how other networks like $SOL, $SUI and $ETH handle state growth and network bloat… - … Ultimately concluding that a mixture of both Fuel Network’s and Ethereum’s architecture is likely to compound progress and efficiency when combined. “This complementary philosophy could lead to a powerful synergy, with Fuel building upon Ethereum's efficiency gains to offer an even more optimized environment for state-conscious DApps. While it may demand a shift in developer mindset, this emphasis on state-awareness from the ground up could prove to be a more sustainable long-term solution for managing the ever-growing demands on blockchain state.”

looking at novel architectures that address state bloat (which is a bottleneck to scaling blockchain performance to the masses). https://lnkd.in/dXTR-cdE

Over the past week, these web3/crypto companies raised capital, by sector: DEX Aevo is a trading platform that specializes in options, perpetual futures, and various other structured products. Built on a custom Layer-2 solution based on the OP stack, Aevo offers decentralized trading with centralized exchange-like performance. Aevo raised on May 21st a Private round led that was led by Binance Labs. ELFI Protocol is a decentralized exchange protocol that offers ultra portfolio margin trading, supporting a variety of assets like BTC, ETH, and SOL. It features both isolated and cross-margin models, enhancing trading flexibility and capital efficiency. ELFI raised on May 21st a Strategic $5 million round led by IDG Capital and KuCoin Exchange Ventures. RWA Plume Network is a specialized Layer-2 blockchain designed for RWAs. It simplifies the on-chain deployment of assets and fosters a composable ecosystem through DeFi applications. The project raised on May 23rd a Seed round of $10 million led by Haun Ventures and followed by Galaxy, Superscrypt, Selini Capital, Reciprocal Ventures, Portal Ventures, SVA, a_capital, and others. Liquid Restaking KelpDAO is a decentralized organization focused on enhancing liquidity across multiple financial ecosystems. It utilizes innovative strategies and community governance to manage liquidity pools effectively. The DAO raised a Private $9 million round on May 22nd led by SCB Limited and Laser Digital, and followed by Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM , Cypher Capital, ArkStream Capital, and many others. Decentralized Social Farcaster is a decentralized social network/protocol that provides a platform for users to interact securely and transparently across iOS and Android devices and beyond. Farcaster raised on May 21st a $150 million round led by Paradigm and followed by a16z crypto, Haun Ventures, USV, Variant, and Standard Crypto. More companies of sectors Infrastructure, L1, L2, and DAO Tooling can be found in the latest issue of our weekly newsletter: https://lnkd.in/exM__WyJ

The largest rounds of investment in Web3 Over the past week, several Web3 and crypto projects have successfully closed major funding rounds. The funds were raised for the development of infrastructure, social platforms and decentralized finance protocols. The Sollong project received the most attention. Its developers received $30 million to create a fully decentralized physical infrastructure. The round was led by venture funds Genesis 22, WAGMI Ventures and Wonder Ventures. With scalable infrastructure playing a critical role in the Web3 ecosystem, this round highlights the increasing investor interest in physical and network decentralization. Bluesky, a social platform aimed at building a federated social web, came in 2nd place in terms of funding. It raised $15 million from Blockchain Capital, Alumni Ventures and True Ventures. With decentralized social networks growing in popularity, investors see promise in platforms that give users control over their data. The next largest project was Gelato, which raised $11 million to create a decentralized backend in the Web3 sector. The platform enables the development of smart contracts. The round was led by Hack VC, Animoca and Dragonfly, which emphasizes the importance of innovation in infrastructure for smart contracts, which can become the basis for new decentralized applications and protocols. Also worth noting is the startup Variational. Its developers have created a protocol for trading derivatives. It raised $10.3 million from Bain Capital, Peak XV and Coinbase. With the increasing interest in derivatives in the crypto market, this project offers solutions for trading both simple and complex blockchain-based derivatives, which can help institutional and retail investors. Finally, Validation Cloud and bitSmiley also raised $10 million each.

Holiday lull doesn’t slow crypto funding as Sentient scores $85m, Lombard raises $16m https://ift.tt/lOPdpey Last week saw relatively low cryptocurrency funding activity, primarily due to the Fourth of July holiday in the United States. Despite the quiet holiday season, several high-profile funding events demonstrated the growing interest in the potential of Web 3 innovations. Conscious, $85 million Sentient, an AI research organization, has raised $85 million in seed funding. Founders Fund, Pantera Capital, and Framework Ventures led the effort, with participation from a broad list of investors, including Ethereal Ventures, Robot Ventures, and Delphi Ventures. Sentient seeks to foster an open AI economy for AI developers by creating platforms and protocols that enable innovation in open source AI. This funding round highlights the growing demand for decentralized AI solutions that foster collaboration and monetization for developers. Lombard, $16 million Lombard, a startup dedicated to integrating Bitcoin (BTC) into the decentralized finance (defi) space, has successfully Starch $16 million in its funding round. Led by Polychain Capital, the round also saw investments from BabylonChain, dao5, Franklin Templeton, and several others. Lombard’s flagship LBTC product offers a liquid, yielding representation of Bitcoin, allowing users to engage in defi activities such as lending and trading while holding Bitcoin. This innovation aims to free up Bitcoin liquidity and inject it into the decentralized finance ecosystem, potentially driving growth in both sectors. OpenLedger, $8 million One of the big winners in this week’s venture capital activity was AI company OpenLedger, which raised $8 million in seed funding to build permissionless, data-centric infrastructure for AI development. The funding round was led by Polychain Capital and Borderless Capital, with contributions from Finality Capital and Hashkey Capital, among others. The project aims to improve AI model performance by decentralizing data pipelines, with plans to launch its infrastructure on the mainnet in the next quarter. Mamori.xyz, $5 million The somewhat quiet week also saw Mamori.xyz, an automated value mining system based on the blockchain, raise $5 million in seed funding. Led by Blockchain Capital, the round included investments from Velocity.Capital and Web3.com. Notable angel investors Antonio Viggiano, Shujia Liang, and Grigore Rosu also participated. Mamori.xyz focuses on addressing security challenges in the web3 space, leveraging machine learning to create a path to blockchain security. Trevor $2.6 million We conclude our venture capital tour with Trever, a company that provides an enterprise operating system for digital assets. Believer €2.4 million ($2.6 million) in seed funding. The round was co-led by TX Ventures CH and Market One Capital LUX, with additional investments from Blockchain Founders Capital DE and Dr. Alex von Frankenb...

"Ira Auerbach Joins Offchain Labs to Lead Tandem, Strengthening Blockchain Venture Expertise" Ira Auerbach, previously the Senior Vice President and Head of Digital Assets at Nasdaq, has been appointed to lead Tandem, the venture capital division of Offchain Labs, the developer behind Ethereum scaling solution Arbitrum. Auerbach's extensive background spans both traditional finance and the cryptocurrency sector. At Nasdaq, he oversaw the strategic roadmap and product development for digital assets. Before his tenure at Nasdaq, Auerbach held several executive positions at Gemini, including Global Head of Gemini Prime, where he focused on building digital asset tools for the institutional space. His earlier career includes roles at Palantir Technologies, BGC Partners, and BNP Paribas, highlighting a trend of traditional finance professionals moving into the crypto space. Tandem, launched in August 2024, operates as Offchain Labs' partner studio and venture capital arm. Its mission is to support blockchain projects by providing funding, technical expertise, and strategic guidance, aiming to address complex technical challenges that hinder mass adoption of blockchain technology. Under Auerbach's leadership, Tandem plans to collaborate with projects across the blockchain ecosystem, not limited to the Arbitrum network. The division is already engaged with initiatives like Espresso Systems, which develops decentralized sequencing infrastructure, and Ex Populus, creator of the blockchain-focused gaming platform XAI.