Venture Capitalists Fuel Blockchain Startups with Billions in Funding

• Venture capitalists raise capital for blockchain startups, with Paradigm and Pantera Capital leading the way.
• Tether plans to invest $1 billion in startups focusing on emerging markets, AI, and biotech.
• Avail secures $43 million, Mirror World Labs gets $12 million in funding.
• Plural Energy raises $2.33 million for onchain renewable energy projects.
• Connext rebrands to Everclear, secures $5 million from Pantera Capital.
• Ava Protocol raises $10 million for Web3 automation.

Summary :

Venture capitalists are raising significant amounts of capital to invest in blockchain-based startups. Paradigm has closed a third fund of $850 million for early-stage crypto projects, while Pantera Capital is seeking over $1 billion for a new fund that will offer exposure to a wide range of blockchain assets by 2025. Tether's VC arm is also planning to invest $1 billion in startups focused on emerging markets, AI, and biotech. In terms of recent funding rounds, Plural Energy raised $2.33 million for its onchain clean energy investment platform, Connext (now Everclear) secured $5 million for its decentralized autonomous organization, Ava Protocol raised $10 million for its Web3 infrastructure, OKX Ventures invested in blockchain security firm GoPlus, Radian Arc secured $9 million for its cloud gaming and AI services, Ouinex raised over $5 million in token sales, and Blueberry Protocol raised $2.5 million for its decentralized prime brokerage terminal. Diversification is crucial in the crypto market to capture the range of innovative use-cases being developed, and portfolios should be actively managed to take advantage of emerging themes and new directions in the space.

Sources :

- CoinTelegraph
- Coindesk