Web3 Funding Highlights – December 2024

Web3 funding for Q3 2024 reached $5.4 billion, reflecting a strong investor appetite for scalable, compliance-friendly, and user-centered blockchain solutions.

Key Funding Updates

• Borderless.xyz

• Raised: $3 million (pre-seed)

• Objective: Building a stablecoin payment network connecting fiat and digital currencies in over 50 countries.

• Use Case: Low-cost, real-time cross-border transactions via the Global Transfer Protocol (GTP).

• Lead Investor: Amity Ventures .

• Vixichain

• Raised: $7 million (private round)

• Focus: Compliance-focused blockchain infrastructure to bridge traditional finance (TradFi) with public blockchains.

• Key Features: Fiat-backed “non-fungible stable token” (NUSD) and bank partnerships as validators.

• Plans: Expand R&D, launch DevNet, and release its mainnet .

• Karpatkey

• Raised: $7 million

• Aim: Providing treasury management services for DAOs and financial institutions.

• Highlights: Oversees $1.8 billion in assets, offering risk management and M&A support.

• Backers: AppWorks Ventures, Wintermute Ventures, and crypto figure Joe Lubin .

• Axal

• Raised: $2.5 million (pre-seed)

• Mission: Automating Web3 workflows using autonomous agents.

• Notable Product: Axal Autopilot, designed to streamline onchain trading tasks.

• Investors: CMT Digital, Blockchain Builders Fund, and others .

• Variational

• Raised: $10.3 million (seed funding)

• Innovation: Peer-to-peer crypto derivatives trading platform with automated clearing via onchain pools.

• Investors: Bain Capital Crypto, Sequoia Capital, Coinbase Ventures, and others.

• Upcoming: Omni, a platform for permissionless perpetual trading .

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