Fundraising in crypto • Trend of enabling shitty founders that raise based on hype/fomo (L1s, crypto gaming, nft projects, launchpads) but 4 years passed without any product • Paying themselves an absurd salary from the fundraise and slow rugging the project • Multiple fundraising rounds, with some investors only geting a SAFT yet no intention of TGE-ing • Ghosting investors/ not providing quarterly updates (bare minimum) after taking their money When proper projects with good business models and ethical, professional founders come along, investors hesitate to invest because of PTSD

Fundraising through initial public offerings in Japan is drying up, in contrast to a dealmaking boom across Asia, after regulatory changes and a dearth of artificial intelligence related companies depleted up the listings pipeline

Traditional fundraising can consume a critical month of a startup’s life. A month spent fundraising is a month not spent shipping, talking to users or fixing the product. MetaDAO takes four days. @mrinko

Projects Fundraising on RootData (Aug 10 - Aug 16) Last week, 10 blockchain companies/projects received funding. 💎 @river_markets — The prime broker for prediction markets, raised $8.5M in seed round by @HaunVentures, @ycombinator, @cbventures & others. 💎 @entravelcom — Crypto-native hotel booking platform, raised $7.5M by @etherealvc, @finalitycap, @GSR_io & others. 💎 @XAgent_official — Agent OS, raised $1.8M in Series A by @okx_ventures, HSG & @comma3vc.

Projects Fundraising on RootData (Aug 3 - Aug 9) Last week, 11 blockchain companies/projects received funding. 💎 @yellowcard_app — Licensed stablecoins infrastructure provider, raised $40M in strategic funding from @scventuresDNA, @Sony_Innov_Fund, @polychaincap, @bcap & others. 💎 @jpyc_official — Japanese Yen stablecoin, raised $38M in Series B2 from AZ-COM Maruwa Holdings. 💎 @vangrid_io — DePin infrastructure, raised $9M in seed round from @HashKey_Capital, @Cryptocom_Cap, @animocabrands & others. 💎 @Magne_Ai — AI-native Web3 smartphone, raised $2.64M in strategic round from @GaeaVentures, @Titans_ventures & @0x_Go2Mars.

Projects Fundraising on RootData (July 27 - Aug 2) Last week, 10 blockchain companies/projects received funding. 💎 @axisrobotics — Physical AI infrastructure, raised $12M in seed round by @hack_vc, @NomadCapital_io, @PiCoreTeam Ventures & others. 💎 @PerceptronNTWK — Decentralized AI data economy, raised $6.5M in strategic round by @PolygonVentures, @QCPgroup, @SeliniCapital & others. 💎 @Beezie — Digital Claw Machine for Collectors, raised $4M led by Psalion VC. 💎 Birdai — On-chain infrastructure, raised $4M in seed round by @CastleIslandVC, @metalayervc & @deptvc.

Projects Fundraising on RootData (July 20 - July 26) Last week, 13 blockchain companies/projects received funding. 💎 @augustus_bank — Digital bank, raised $180M in Series B by Tiger Global, @QEDInvestors, @HummingbirdVC & others. 💎 @worldnetwork Foundation — Global identity and financial network, raised $52.5M in WLD token sale by @PanteraCapital, @BainCapCrypto, @SeliniCapital & others. 💎 Cordant — Digital asset financial infrastructure service provider, raised $8M in seed round by @banklessvc, @oakhcft, @genventurecap & others. 💎 Mandela Digital — Stablecoin Issuer, raised $5M led by Datavault AI.

Projects Fundraising on RootData (July 13 - July 19) Last week, 20 blockchain companies/projects received funding. 💎 @cryptocom — Cryptocurrency exchange, raised $400M in strategic round by Citadel Securities. 💎 @AlpacaHQ — Developer-first API for stock, options and crypto, raised $135M by @peakxvpartners, @ElefundVC, Opera Tech Ventures & others. 💎 @FlexSuperApp — AI fintech platform, raised $70M in Series B1 by @RyanQualtrics, @halo_fund & others. 💎 @velocityxyz_ — Stablecoin payment company, raised $38M in Series A by @HadickM, @dragonfly_xyz, @cbventures & others. 💎 @Cyclops_inc — Stablecoin and crypto platforms, raised $20M in Series A by @NavaVentures, @cbventures, @CastleIslandVC & others. 💎 @pascaldottrade — Prediction market, raised $9M in Series A led by @usv.