{"id":126186,"date":"2025-03-31T21:16:13","date_gmt":"2025-03-31T21:16:13","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126186"},"modified":"2025-03-31T21:16:13","modified_gmt":"2025-03-31T21:16:13","slug":"vc-roundup-8-figure-funding-deals-suggest-crypto-bull-market-far-from-over","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126186","title":{"rendered":"VC Roundup: 8-figure funding deals suggest crypto bull market far from over"},"content":{"rendered":"

Source: Cointelegraph.com NewsVenture capital funding continued to pour into the blockchain and cryptocurrency industry in March, even as market commentators sensationalized the end of the bull market amid Bitcoin\u2019s 30% retracement.\u00a0
\nVC flows are considered a vital sign for the blockchain industry, with higher deal activity indicative of strong investor appetite and growing innovation in the space.
\nAs Cointelegraph reported, blockchain startups raised a combined $1.1 billion in February alone, with projects spanning decentralized finance, decentralized physical infrastructure networks and payments attracting the lion\u2019s share of capital flows.\u00a0
\nDespite fear and trepidation in the crypto market, February was a strong month for blockchain VC. Source: The TIEEarly signs suggest that March was arguably a stronger month for crypto VC deals, as evidenced by the growing size of the investment rounds and the number of investors participating.\u00a0
\nEight deals are featured in this month\u2019s VC Roundup \u2014 and seven of them were valued in the eight-figure range.\u00a0
\nRelated: VC Roundup: Investors continue to back DePIN, Web3 gaming, layer-1 RWAs
\nAcross Protocol raises $41M via token sale
\nAcross Protocol, an Ethereum crosschain interoperability platform, raised $41 million in a token sale that was led by San Francisco-based venture firm Paradigm. Coinbase Ventures, Bain Capital Crypto and Multicoin Capital also participated in the token sale round.
\nAcross Protocol is expanding Ethereum layer-2 connectivity through so-called \u201cintents,\u201d an architecture approach that decouples asset transfers and message verification.
\nAcross Protocol (ACX) price chart. Source: CoinMarketCap\u201cThe urgent tasks \u2014 moving assets and fulfilling the intent \u2014 are carried out immediately by a relayer […] while the time-consuming message verification is done afterward,\u201d wrote Aiden Park, an engineer and technical writer, in an explanatory note on intents.
\n\u201cThis approach enables Across to send messages cheaply, quickly, and securely, setting it apart from other message-passing protocols,\u201d he said.
\nRelated: Greedy L2s are the reason ETH is a \u2018completely dead\u2019 investment: VC
\nRibbit Capital leads $23.6M Crossmint raise
\nEnterprise Web3 company Crossmint has closed a $23.6 million funding round to scale its onchain onboarding technology, which is designed to help companies and AI agents embrace Web3 without needing blockchain expertise. The funding round was led by San Francisco-based venture firm Ribbit Capital.\u00a0
\nAccording to Crossmint co-founder Rodri Fernandez, the platform provides low-code APIs for a variety of blockchain functions, including wallets, stablecoins, tokenization and credentials. The announcement also claimed that more than 40,000 companies and developers are now using Crossmint across more than 40 blockchains.\u00a0
\nFinancial app Abound gets backing from Near Foundation, Circle Ventures
\nNew York-based remittance app Abound has closed a $14 million funding round led by Near Foundation, with participation from Circle Ventures.
\nThe Abound app has been designed to bridge the remittance gap between India and its vast diaspora of citizens in the United States. The app claims to have processed more than $150 million in remittances.
\nAbound was developed by the Times of India Group, a Mumbai-based media company.\u00a0
\nAlthough it\u2019s not entirely clear how blockchain technology and digital assets factor into Abound\u2019s service offerings, if at all, participation from Near and Circle Ventures suggests that blockchain-focused companies are increasingly focused on cross-border payments and remittance services.\u00a0
\nSource: Near ProtocolChronicle closes seed round
\nChronicle, an Ethereum Oracle and tokenization infrastructure provider, raised $12 million in seed funding led by Strobe Ventures, formerly known as BlockTower Venture Capital. Additional investors included Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital, Fenbushi Capital, Gnosis Ventures, 6th Man Ventures and several angel investors.\u00a0
\nChronicle connects protocol developers to real-time data feeds, which are essential for DeFi and real-world asset (RWA) tokenization ecosystems. The company cited growing institutional interest in RWA tokenization as one of the reasons for its early success in raising capital.
\nRelated: Tokenized real estate trading platform launches on Polygon
\nDeFi-yielding stablecoin Level debuts with $2.6M in funding
\nIn March, blockchain developer Peregrin Exploration debuted the Level USD stablecoin with $2.6 million in backing from Dragonfly Capital, Polychain, Flowdesk and others.
\nLevel USD is a yield-bearing stablecoin that issues digital dollars collateralized by restaked stablecoins. The stablecoin\u2019s market capitalization has grown significantly since its launch, reaching $116 million at the time of writing.\u00a0
\nLevel USD is integrated with several DeFi protocols, including Pendle, LayerZero and Specta. It can also be used as collateral on noncustodial lending platform Morpho.
\nDemand for dollar-backed digital tokens has surged over the past two years, with the total stablecoin market approaching $230 billion. Source: RWA.xyzRelated: VC Roundup: Bitcoin RWA, BNB incubator, Web3 gaming secure funding
\nHalliday raises $20M for Agentic Workflow Protocol
\nNo-code blockchain developer Halliday has closed a $20 million Series A funding round to scale its Agentic Workflow Protocol (AWP) \u2014 an AI tool that helps developers build DeFi applications without the need to write smart contracts.
\nThe funding round was led by a16z Crypto, with additional participation from SV Angel, the Avalanche Blizzard Fund, Credibly Neutral, Alt Layer and other angel investors.\u00a0
\nThrough AWP, blockchain companies can \u201cbuild applications in hours, not years,\u201d Halliday said in its announcement. Halliday\u2019s programming model handles all the technical aspects of blockchain development and execution, which can theoretically enable companies to scale their products faster.\u00a0
\nAI-driven Validation Cloud closes $15M Series A
\nValidation Cloud, a company at the intersection of artificial intelligence and blockchain infrastructure, has closed a $15 million Series A investment round backed by True Global Ventures. Additional investors include Cadenza, Blockchain Founders Fund, Bloccelerate and others.\u00a0
\nThe funding will be used to expand Validation Cloud\u2019s Web3 infrastructure solutions, including staking, node API and data offerings.\u00a0
\nValidation Cloud provides access to blockchain data and offers node and staking solutions to institutions. Its technology is used by Hedera, Aptos, Stellar, EigenLayer, Polygon and others.\u00a0
\nSkytale Digital debuts $20M Polkadot Ecosystem Fund
\nBlockchain investment firm Skytale Digital has launched the Polkadot Ecosystem Fund, earmarking $20 million to further develop the so-called \u201cnetwork of networks.\u201d\u00a0
\nThe fund combines financial support, technical expertise and mentorship to help Web3 developers expand their product offerings in the Polkadot ecosystem. Specifically, the fund is targeting decentralized applications and critical infrastructure projects.\u00a0
\nSource: Cryptking.ethPolkadot is the 20th largest blockchain network, with a total market capitalization of around $7.3 billion, according to CoinMarketCap.\u00a0
\nRelated: Crypto Biz: GameStop takes the orange pillRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsVenture capital funding continued to pour into the blockchain and cryptocurrency industry in March, even as market commentators sensationalized the end of the bull market amid Bitcoin\u2019s 30%… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126186"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126186"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126186\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126186"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}