Happy Frrriiiiiddaaay!

Here are the 5 most interesting crypto fundraises (according to me) for the week ending 10/25/24:

1) Bluesky

Decentralized social media platform Bluesky raised $15M in a Series A round led by Blockchain Capital, with participation from Alumni Ventures, True Ventures, and others

As you may know, Bluesky was started by Jack Dorsey but he's not there anymore. 

The ironic thing is that while it’s decentralized, Bluesky isn’t a blockchain company, but it’s being funded by blockchain-focused VC firms. 

And Bluesky insists that blockchain / crypto isn't on its roadmap. 

Interesante.

3) Craftt

Decentralized workforce benefits platform Craftt raised $2M in a Seed round led by Superscrypt, with participation from Digital Currency Group.

The goal of Craftt is to offer universal benefits like health insurance, greater earnings opportunities, and exclusive work-life benefits and rewards—subsidized through a decentralized network.

The way we work is changing, so the tools to manage this need to change as well.

4) Karpatkey

DAO treasury and risk management protocol @karpatkey raised $7M in a funding round from AppWorks, Wintermute, Borderless Capital, and others.

Karpatkey already works with many DAOs on treasury management, and now they have the funding to grow. 

I know the Karpatkey team and they are amazing builders! Congrats to them!

5) Echo Protocol

BTC restaking platform Echo Protocol closed a Pre-seed round led by The Spartan Group, with participation from ABCDE Capital, Maelstrom, Selini Capital, and others.

There is over a trillion dollars of BTC ready to be deployed, and restaking will capture a big chunk of that.

BitcoinFi is aliiiiive!

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2) Moonwalk Fitness

Gamified fitness rewards platform Moonwalk Fitness raised a $3.4M Seed round led by Hack VC, with participation from Binance Labs Fund, Reciprocal Ventures, CMS Holdings, and others.

This is an iteration on move-to-earn apps like Stepn. 

In past apps, users simply earned tokens for exercising. This led to super high token inflation and thus plummeting token price.

Moonwalk encourages users to hit daily step goals by staking USDC, SOL, or BONK. To win $, users must either meet their crew’s step goal or maintain pace with the leader’s highest completed days. If they fail to do so, they forfeit a portion of their stake, which is then distributed among the winners. 

Pretty interesting model!