CandleFocus

Major Crypto Fundraising Projects Raise Over $85M in November 2024

Author: Content Editor
In recent weeks, various cryptocurrency projects have successfully raised funds. Monkey Tilt, a platform merging online gambling with cryptocurrencies, secured $30 million in funding from investors such as Pantera Capital and Polychain. Noble, a blockchain built on the Cosmos ecosystem, raised $15 million to enhance its native asset issuance capabilities, with support from Paradigm and Polychain. Bitfinity, an Ethereum Virtual Machine compatible platform, raised $12 million to develop Bitcoin Layer 2 scaling solutions, with participation from Polychain and ParaFi. KGeNis, a Web3 platform leveraging zero-knowledge machine learning, raised $10 million to advance gamer reputation systems, with lead investors including Aptos and Polygon. Valantis raised $7.5 million to improve its decentralized exchange infrastructure, with support from cyber•Fund, SevenX, and Kraken Ventures. Rise, a payroll and services platform, secured $6.3 million to improve financial services for global businesses, with investors including Draper Associates and Polychain Capital. OpenLayer obtained $5 million to develop an authentic data layer for secure digital interactions, with backing from A16z crypto, IOSG Ventures, and Spartan Group. Gunzilla Games, a Web3 game development studio, received funding from CB Ventures to develop blockchain-based gaming ecosystems.

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