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Mike

@mikewchan

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This is a blanket statement that is true for many older crypto VC firms. But there are some very good, supportive crypto VCs out there!
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Congrats to all the teams for their fundraises! If you enjoyed this thread, please Like and Recast the first cast! And give me a follow @mikewchan for more crypto and fundraising content! Thanks for reading!
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5. Bleap Self-custodial payments platform Bleap raised $2.3M in a Pre-seed round led by Ethereal Ventures, with participation from Maven 11 Capital, Alliance DAO, and others. Bleap is a wallet-connected debit card that allows users to spend their funds directly from any EVM non-custodial wallet without off-ramping. More and more people will spend their crypto in the real world with solutions like this!
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4. Rarimo ZK-based, privacy-first social protocol Rarimo raised $2.5M in a funding round from angel investors Vitalik Buterin, Keone Hon, Nick White, and many others. Rarimo is a privacy-first, multi-chain interoperability protocol that allows users to selectively disclose social graph information, enabling anonymous interactions across different blockchain networks while maintaining the integrity of their historical actions and connections. Privacy x Social is a winning combo!
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3. Talus L1 Blockchain for AI Agents Talus Network raised $6M in a Strategic round led by Polychain Capital, with participation from Foresight Ventures, Animoca Brands, and many others. Talus Network facilitates the creation, operation, and monetization of onchain, autonomous smart agents. Built on the MoveVM, Talus Network offers developers the tools to seamlessly develop, own, and monetize these composable smart agents. Bots, I mean AI agents, everywhere!
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Mike
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2. Rise Stablecoin-powered payroll and compliance company Rise raised $6.3M in a Series A round led by Draper Associates, Polymorphic Capital, and more Rise is a hybrid, cross-border payment infrastructure that blends fiat currencies, stablecoins, and cryptocurrencies. Its first product is a Global Contractor Payment system, which allows for both domestic & cross-border fiat and crypto payments for contractors across the world. Eventually everyone will be paid in crypto with platforms like Rise!
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1. Lulu Chain AI-based emotional value blockchain Lulu Chain raised $5M in a round led by DG Capital, with participation from SMO Capital, Unionblock, and others. Lulu Chain is a modular blockchain that utilizes AI to analyze participants' emotional states across various social platforms and transforms this into quantifiable, tradable assets. Crypto will make everything a market - even emotions!
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Mike
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Happy Day after Thanksgiving! 🦃 Here are the 5 most interesting crypto fundraises (according to me) for the week ending 11/29/24:
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Mike
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I use it everyday. Question - what's the Web3 version of it?
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Mike
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What's the Web3 version of Perplexity?
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Mike
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If you enjoyed this thread, give me a follow! Thanks for reading!
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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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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!
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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.
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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!
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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.
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Mike
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Happy Frrriiiiiddaaay! Here are the 5 most interesting crypto fundraises (according to me) for the week ending 10/25/24:
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Congrats to all the teams for their fundraises! If you enjoyed this thread, please recast the first cast: https://warpcast.com/mikewchan/0x94533167
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Decentralized content delivery network Blockcast raised $2.85M in a Seed round led by Lattice Fund, with participation from Alliance DAO, Protocol Labs, and others. Blockcast aims to use a network of community-operated nodes to deliver high-quality content, such as live-streamed video, audio, software updates, and more all around the world. DEPIN for the win!
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Mike
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On-chain community platform Towns raised $25.5M in a Series A from a16z crypto, Benchmark, and Framework. Towns lets users build blockchain-based online communities that allow for on-chain ownership and actions, composability with smart contracts, end-to-end encryption, and more. This is Towns' second fundraise of exactly $25.5M, which is interesante.
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