Orbital, ZTX, Stroom Network, unshETH and Fxhash showcase the latest funding deals in Web3.
The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital DatabaseJune closed out with a 29.73% decrease in venture capital investments, with just $779.32 million secured in 62 deals, compared to June 2022. However, the overall trend for the year shows a rise in venture capital deals.
from its customers and convert them into fiat currencies like the U.S. dollar, euro and British pound. The company claims to process $250 million in transactions every month for its clients.The project unshETH, a decentralized finance protocol targeting Ethereum staking solutions, closed a $3.3 million seed round in August. The funds were backed by Soma Capital and ICONIQ Capital, along with several other investors, including Fan Zhang, co-founder of Sequoia Capital China.
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