VLayer touts $10M pre-seed raise

Total crypto venture capital (VC) financing investments exceeded $40 million last week; decentralized data infrastructure platform VLayer secured $10 million.

This is a big drop in volume and value compared to the previous week.

Crypto.news examined the latest data to determine which startups managed to raise the most venture capital.

VLayer secured $10 million in a pre-seed round led by $10 million from CSX and Credo. VLayer is building a decentralized data infrastructure with zero-knowledge proofs. The project provides verifiable on-chain integration of both on-chain and off-chain data. Cytonic, $8.30 million The firm raised $8.30 million in a seed round led by Lattice and Lemniscap. Additional support was received from IOBC Capital, Nomura and Lyrik Ventures. Cytonic is developing Layer 1 blockchain for universal Web3 compatibility. Pharos, $8 million Seed financing of $8 million was provided from major investors. Major backers include Hack VC, Lightspeed Faction and SNZ. The project is building a deep parallel, Layer-1 blockchain network.

GM Marines! ⚓️
We are thrilled to share that we have successfully closed an $8 million seed round! 🚀 With support @hack_vc And @FactionVCWe are poised to drive mass adoption of Web3 through a full-stack parallel Layer 1 protocol that combines reliable innovations.

Our mission? With… pic.twitter.com/f0hkcPYr9n

— Pharos (@pharos_network) November 8, 2024

Pond raised $7.5 million in a seed round led by $7.5 million Archetype. The project is supported by Cyber ​​Fund, Coinbase Ventures and NEAR Foundation. Pond is leading the development of artificial intelligence models in the crypto space. GameBeast Studio raises $2 million in seed funding for Web3 gaming platform GameBeast Studio focuses on blockchain game development and innovation. Leading investors include Tideo Capital and T-Fund.

Web3 gaming platform Gamebeast raised $2 million in funding

Gamebeast Studio, developer of Web3 gaming platform Gamebeast, announced that it has raised $2 million in seed funding on X. The round was led by Tido Capital and T-Fund, with participation from K300 Ventures, Notch…

— CoinNess Global (@CoinnessGL) November 4, 2024

Rekt, $1.5 million Rekt Drinks and Rekt Brand, the parent company behind the Rektguy NFT project, have raised $1.5 million in seed funding.

We are pleased to announce our $1.5 million seed round, funded entirely by our community and angels.

After gifting the stock @RektguyNFT owners and we sell our first drop of 222k @RektDrinksThis fund marks a major leap forward on the path to Rekt World Domination. pic.twitter.com/KvrZxG78Wz

— Rekt Brands (@RektBrands) 6 November 2024

Usual Labs, $1.5 million Usual Labs, Echo, Comfy Capital etc. raised $1.5 million from investors. The project is an initiative building the USD0 stablecoin ecosystem. Major crypto VC funding rounds under $1.5 million SkyX raises $1 million in pre-seed funding. Betski raised $345,000 in pre-seed investment. Phi announced a strategic financing round of TBD.

Check out last week’s column here.