Funding wrap: Crypto tech startups survive the bear market well

Funding wrap: Crypto tech startups survive the bear market well

Although the large cryptocurrencies have acted sideways-and are increasingly correlated with the corresponding risk reviews-a handful of technology-expressed digital-asset startups have recently received a considerable amount of risk capital providers.

The Venture Studio MPCH Labs collected $ 40 million in its series-A round listed by Liberty City Ventures last week.

MPCH Labs is developing MPC technology (multi-party computation), a cryptographic tool with which several people can evaluate a calculation-without revealing personal information.

The fundraising campaign is used to start fraction, a wallet service provider who certainly manages digital assets cryptographically and on zero-knowledge-based, CEO Miles previously told Blockworks.

"With fraction we bring MPC6 into the crypto room and enable both traditional and crypto-native institutions to work safely and in accordance with regulations and risk management," said Parry.

The interest in the support of new open source web3 projects seems to remain stable.

In the latest indicator, the startup Smart Token Labs has set up a $ 6 million round under the leadership of Liang Xinjun, co-founder of Fosun International. The fresh financing is intended for the development and expansion of what the company called Tokenscript, a programmable smart token interface that aims to connect web2 and web3 technologies via open source programming.

"[in] in the past 12 months we have brought Brandconnector a lot of momentum with our advanced token gating solution," said CEO Victor Zhang in a statement. "We will soon announce important partnerships with well -known names in the areas of brand, loyalty and CRM."

in Defi, the parent company of the largest decentralized crypto exchange, unis wapsoll are in negotiations with a Singapore State Fund and Polychain to raise a massive venture round of $ 100 to 200 million.

Uniswap Labs previously received risk capital money from Andreessen Horowitz, Paradigm Venture Capital, Union Square ventures and similar actors. If the negotiations are successful, the fundraising could bring uniswap evaluation of Labs up to $ 1 billion.

The Defi-Versicherung protocol has also secured $ 14 million. The protocol that builds on the Avalanche blockchain offers accredited investors on-chain insurance policies.

"We tried to imitate a marketplace that has developed into something over the past 350 years that we believe that it is a stable configuration for current insurance market participants," CEO Karn Saroya previously told Blockworks.

Further remarkable financing rounds last week are:

• The NFT marketplace Minteo has received a seed round of $ 4.3 million from OpenSea ventures.
• Aikon, a B2B partner who develops solutions in the Open Rights Exchange (ORE) Network, has a series A worth $ 10 million under the direction of Morgan Creek Digital.
• A investment company supported by the hedge fund billionaire Steve Cohen invested $ 10 million in the Aqua.
• The blockchain infrastructure project Eclipse secured $ 15 million under the leadership of Tribe Capital, Tabiya and Polychain Capital.

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The contribution Funding Wrap: Crypto Tech Startups Weather Bear Market Well is not a financial advice.