Crypto VC funding: Gaming, AI and infrastructure capture $120m in capital

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As a seasoned analyst with over two decades of experience in the tech and financial sectors, I find the recent cryptocurrency funding rounds to be a fascinating reflection of the evolving blockchain landscape. The sheer magnitude of investments in projects like Beam, ChainOpera AI, Trrue Chain, Avalon Labs, Usual Labs, and others, demonstrates the growing maturity and acceptance of this technology by mainstream investors.

During the last week of December 2024, funds were successfully raised by Beam in an amount totaling $72 million via a public offering. Data on cryptocurrency fundraising indicated that gaming and infrastructure were priority sectors.

Last week’s weekly investments amounted to approximately $120 million, marking a significant decrease from the $400 million recorded the preceding week. Avalanche Labs was the leader in these investments with a successful fundraising of $250 million. Let me share some other notable investments wrapping up 2024 for you.

Beam, $72 million

  • Raised $72 million through public sale
  • The project focuses on Avalanche ecosystem development

More than 27,000 units of digital tokens (node tokens) have been minted by @BuildOnBeam

Has @BuildOnBeam, as the first permissionless Avalanche L1 to use node sales, provided a roadmap for web3’s decentralization?

Join Avalanche Spaces on December 23rd at 3p ET to uncover the answer and more!

Reminder set👇

— Avalanche9000 đŸ”ș (@avax) December 20, 2024

ChainOpera AI, $17 million

  • The startup, specializing in AI integration for Layer 1 solutions, secured $17 million in seed funding
  • Finality, Road Capital, and IDG Capital are among its backers
  • Supported by 13 additional strategic investors

ChainOpera AI Brings Funding to $17M to Build Blockchain L1 and AI OS for AI Agents

— ChainOpera AI (@ChainOpera_AI) December 26, 2024

Trrue Chain, $10 million

  • Trrue Chain raised $10 million in private funding
  • Gem Digital is backing the project
  • It focuses on Layer 1 infrastructure

🌐 Trueio obtains a $10M investment promise from GEM Digital, which they’ll leverage to speed up the advancement of blockchain technology, with an emphasis on environmental friendliness and adherence to regulations. The funds received will be applied…

— PHOENIX – Crypto News & Analytics (@pnxgrp) December 24, 2024

Avalon Labs, $10 million

  • Secured $10 million in Series A funding to build on Bitcoin and Merlin Chain ecosystems
  • Supported by Framework, Kenetic, and SNZ

Avalon Labs raises $10M to grow its bitcoin-based stablecoin

— SiliconANGLE (@SiliconANGLE) December 23, 2024

Usual Labs, $10 million

  • Raised $10 million in Series A funding; $18.5 million total
  • Backed by Binance Labs, Kraken Ventures, and Galaxy
  • Usual Labs is building the USD0 stablecoin

We’re thrilled to share the news: Usual has successfully completed a $10M Series A funding round, spearheaded by BinanceLabs and KrakenVentures. Working together, we’re constructing the groundwork for a new era of Stablecoins.

— Usual (@usualmoney) December 23, 2024

Notable crypto VC funding rounds under $10 million

  • Nodepay secured $7 million for AI infrastructure development
  • Swan Chain (ex Fi1Swan) raised $2 million for zero-knowledge and DePIN solutions
  • RuneMine gathered $2 million for Bitcoin and Solana ecosystem development
  • The Grid secured $624,000 in angel funding for Solana analytics
  • Easeflow funding amount TBD, focusing on DePIN infrastructure

The last week of 2024 underscored the increasing significance of the blockchain gaming industry, as evidenced by a successful public offering of Beam, which attracted considerable attention from retail investors due to its gaming-related infrastructure.

Check out last week’s crypto VC funding data here.

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2024-12-28 16:54