This period has been rather lucrative for cryptocurrency startups, as they have managed to acquire a total of $52 million in the span of a single week. Headlining the week was Fedi with $17 million, followed by zkLink, which managed to secure $10 million. Fedi will be integrated with the Lightning Network and allow users to distribute payments between family and friends. On the other hand, zkLink will allow traders to have continuous access to blockchains. In addition, entities like Nolus, FARE, Entendre Finance and Vibe have also managed to acquire substantial amounts of funding for their respective projects. These funds will be used to introduce new functions and enhance existing ones, which should serve well for the further development of the cryptocurrency space.
Nicholas Howard
- 2023-05-08
Cryptocurrency Startups Receive $52 million in Funding this Week
This period has been rather lucrative for cryptocurrency startups who have managed to acquire a total of $52 million in the span of a single week. Fedi, zkLink, Nolus, FARE, Entendre Finance and Vibe are some of them who have raised substantial amounts for their projects.
