Venture Capital Investments Boost Crypto Projects
Venture capital investments continue to fuel the growth of promising crypto projects, as evidenced by recent funding rounds for Crypto Valley Exchange, Centrifuge, and Nebra. With substantial injections of capital, these projects are poised to disrupt various sectors within the crypto space, from derivatives trading to real-world asset tokenization.
Crypto Valley Exchange
The $7-million Venture Capital funding round for Crypto Valley Exchange included pre-seed and seed rounds, with Fabric Ventures and Kyber Capital Crypto Fund leading the effort. The exchange aims to provide transparent and cost-effective futures and options trading, with specialized bid-offer dynamics to enhance user experience. With a mainnet launch scheduled for this summer on Arbitrum, CVEX is poised to disrupt the derivatives market landscape.
Centrifuge
Centrifuge secured a substantial $15 million Series A funding round, oversubscribed and supported by a diverse array of investors. The platform plans to launch an institutional-grade lending market for real-world asset tokenization on the Base layer-2 network, integrating with Coinbase Verification to provide liquidity and lending options against asset holdings.
Nebra
Nebra, a blockchain and zero-knowledge proof research platform, received $4.5 million in investment for their pre-seed and seed rounds. The funding will help create a shared settlement layer for web3, reducing proof settlement costs on major blockchains like Ethereum. Nebra’s approach to blockchain settlements is likened to the revolutionary strategies of major technology companies like Google and Uber.
During the first quarter of 2024, global investors injected $2.5 billion into crypto-related startups, according to PitchBook.
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