VC Roundup: DeFi, AI, hybrid exchanges showcase resilient month for crypto
Despite recent stagnation in venture capital funding in the crypto industry, notable investments in blockchain infrastructure, AI, decentralized finance (DeFi), and real-world asset (RWA) projects have emerged. High-profile funding rounds in June included Rails, a hybrid trading platform securing $20 million led by Kraken, and Beam, a stablecoin payment service raising $7 million for compliance expansions. New initiatives like Frachtis, a $20 million pre-seed fund for decentralized AI projects, and Inference Labs, raising $6.3 million for a cryptographic trust layer for AI, show growing sector interest. Gradient Network received $10 million for its decentralized AI runtime on Solana, and Yupp raised $33 million to develop a blockchain-based AI evaluation platform. Notably, Blueprint Finance raised $9.5 million to enhance its DeFi offerings, while Units Network secured $10 million to address Web3 challenges. These funding activities reflect a resilient focus on innovation and expansion within the crypto ecosystem amidst ongoing market difficulties.
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