Blockchain operations are increasingly accepting more traditional financing from big-name venture funds to take advantage of the interests of these strategic stakeholders, rather than crowdfunding channels that were popular in the last wave of blockchain hype.
Funding summary: Concordium, StakeWise and Automata receive private capital from leading funds
Unlike the previous wave of crypto startups that focused on raising public funds in the form of initial coin offerings (ICO), token sales, and exchange issuances, nowadays, advanced blockchain plans are increasingly used from venture funds. Extract private capital. Although the amount of funding received has not exceeded the billions of dollars raised by the project in previous years, the latest development is beneficial to the company, the fund and the majority of users.
Blockchain venture capital uses the fund’s own expertise and due diligence to provide higher credibility for basic projects. Therefore, the company turned to these more traditional financing channels to enhance the reputation of the project and improve its credibility.
Enterprise blockchain enters fundraising activities
As the commercial interest in blockchain continues to accelerate, the decentralized blockchain has completed a private token sale of 10 million euros, aiming to help the blockchain expand its footprint in the enterprise field.
Concordium, which recently announced a partnership with Geely Group, plans to deploy funds to help large companies adopt blockchain across multiple fields after rigorously testing its protocol-level ID concept. A blockchain that can support smart contracts, self-sovereign ID, etc. plans to launch its mainnet in the second quarter.
A smaller sum does not mean items of low importance
Even if compared with the past crypto fundraising activities, the use of funds is more restricted, the operation of obtaining private funds is by no means trivial, and essentially reflects the ever-changing infrastructure of the entire ecosystem.
Stakewise, the Ethereum staking agreement, is one of the organizations that recently concluded a private financing round. After launching an early adopter campaign and obtaining a moderate private funding round of only $2 million, the ETH2 mortgage agreement is about to launch its mainnet. The latest funding after seed funding from Collider Labs was led by Greenfield One as well as Collider Ventures, Gumi Cryptos, Lionschain Capital and other private investors.
Another ongoing project is Automata Network, which is a leading privacy-oriented middleware protocol. A consortium including Alameda Research, Divergence Capital, Genesis Block Ventures, IOSG Ventures and KR1 jointly raised $1 million.
The company is committed to adding supplemental Web3 privacy features and infrastructure to existing projects. The company intends to use these funds for further product development, while also expanding Automata Network’s coverage and community participation.
Do you see that as the market matures and trust is restored, blockchain companies will resume crowdfunding in the future? Let us know what you think in the comments section below.
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