Top Latest Blockchain Funding in May | CryptoTvplus

The Web3 space continues to attract funding despite the setbacks the industry has faced and is facing. Here is a list of private funding rounds you should know about accordingly ICO Analytics.

Worldcoin

Worldcoin is a new cryptocurrency that uses a unique iris scanning technology to distribute tokens to people all over the world. The project is supported by Sam Altman, CEO of OpenAI, and aims to create a global identity and an economic network for everyone.

Worldcoin is still in its early stages, but it has the potential to revolutionize the way we think about identity and money. By using iris scans to verify people’s identities, Worldcoin can help create a more secure and inclusive financial system. Worldcoin raised $115 million sponsored by Blockchain Capital, a16z, Bain Capital and Distributed Global.

Magic

Magic is a company that offers a passwordless authentication solution for developers. Magic’s solution uses magic links, which are one-time links sent to users’ email addresses. When a user clicks on a magic link, they are automatically logged into the application without having to enter a password.

Magic’s solution is designed to be more secure and convenient than traditional password-based authentication. Magic links are more secure because they are not stored on the user’s device, and they are more convenient because users don’t have to remember passwords.

PayPal Ventures led Magic’s $52 million private round, with other investors including Cherubic, Synchrony, KX, Northzone and Volt Capital.

Anoma

Anoma is a decentralized protocol for complex privacy protection, decentralized counterparty discovery, resolution and atomic multi-chain settlement. The proof-of-stake protocol allows private bartering between users and institutions.

It raised $25 million in a private round in May, with CMCC Global, Electric Capital, Bixin, Anagram, Spartan and others.

Transaction

Transaction is a fiat on and off infrastructure provider for Web3 and crypto apps. It allows users to buy, sell, and exchange cryptocurrencies for fiat currencies using a variety of payment methods, including credit cards, debit cards, and bank transfers.

Transak was founded in 2018 and is headquartered in Miami, USA. In May, Transak raised $20 million in a funding round that included Animoca Brands, Signum Capital, IOSG Ventures and more.

Fusionist

Fusionist is a blockchain gaming company developing a new generation of games that are more immersive, engaging and rewarding than ever before. Fusionist is led by a team of experienced gaming and blockchain professionals who are passionate about creating the next generation of blockchain gaming, and a massive community on Twitter of over 800,000.

It is currently supported by Ethereum and BSC Chain. main grid, Endurancewas launched in January 2023, and last month it raised $6.6 million from Binance Labs and Funplus.

The Game

DeGame is a decentralized gaming platform that allows users to play, earn and create games. Launched in October 2021, Degame has already listed more than 3000 GameFi projects, becoming the most comprehensive GameFi projects’ prices and data aggregator.

DeGame wants to implement proof-of-contribution (PoC) as a solution to the problem of identifying and paying contributors. It will provide a PoC tool and a PoC-based contribution algorithm for users and communities to construct permissionless PoC communities for GameFi projects, guilds, NFTs, protocols, DAOs and other blockchain initiatives.

DeGame raised $6.5 million in May from A&T Capital, Bixin, Hach VC, Hashkey Capital, Kenetic, NGC Ventures, FBG Capital and others.

Dance

Tansi network is a decentralized protocol for building app chains on top of the Polkadot blockchain. App chains are independent blockchains that can be used to build a wide variety of applications, including games, DeFi protocols, and NFT marketplaces. It is developed by Moondance Labs.

In a private round involving Borderless Capital, Hashkey Capital, hypersphere, Arrington Capital and others, Tanssi raised $3 million.

Fixed Lane

Fast Lane is a hybrid MEV protocol designed to reduce transaction spam and improve network health by monetizing propagation bottlenecks in the peer-to-peer layer of the Polygon blockchain and distributing the revenue to participating validators.

Fast Lane raised $2.3 million from Polygon, Multicoin Capital and Shima Capital in a private round last month.

zkMe

zkMe is a decentralized Web3 credential network that leverages the power of zero-knowledge proofs to enable secure and private credential issuance and verification.

Zero-knowledge proofs (ZKPs) are a cryptographic technique that allows two parties to prove something to each other without revealing any of the underlying information.

This makes ZKPs ideal for applications that require secure and private data exchange, such as credentialing and verification.

To support the development of zkMe, the company raised $2 million from Circle, Spartan, CMS, Fenbushi Capital, Ark Stream Capital and others in May.

Prism

Prism is a DeFi protocol designed to harness the potential of Ethereum liquid staking tokens. Users can use Prisma to mint a stablecoin (acUSD) that is secured by Ethereum Liquid Staking tokens, which provides more capital and rewards to users via trading fees and incentives. The amount raised from the round involving OKX Ventures, Frax and Impossible Finance remains unknown.

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