Topic: [2024-04-11] 43 Bitcoin Projects Secure Key Funding in 2024 ... (Read 141 times)

43 Bitcoin Projects Secure Key Funding in 2024 Attracting Over $127 Million

Since the onset of 2024, the Bitcoin ecosystem has seen an influx of capital flowing into startups. Data gathered by Coin98 Analytics from the web portal crypto-fundraising.info, reveals that over the past few months, 43 Bitcoin-centric projects have secured funding from key investors.

Startups Dedicated to the Bitcoin Ecosystem Gather Significant Capital Injections

A fresh wave of capital is finding its way into the crypto world, with a laser focus on Bitcoin. On April 10, the crypto analytics team from Coin98 Analytics unveiled an infographic illustrating that 43 projects dedicated to the Bitcoin ecosystem have successfully attracted funding from prominent investors. The data was sourced from crypto-fundraising.info, an online portal that highlights fundraising activities in the crypto space.

“43 projects within the Bitcoin ecosystem successfully raised funding from major investors,” the X post said. “Among them, only a few projects have launched tokens, while the rest are promising projects yet to announce tokens. Keep an eye on them”


Infographic shared by Coin98 Analytics
Crypto-fundraising.info data reveals that 43 unique initiatives focusing on Bitcoin have collectively garnered $127.19 million in funding. Take Alpen Labs, for example, which recently emerged from stealth mode and announced a $10.6 million funding round. Similarly, Ordinalsbot secured $3 million in a seed funding round from a select group of investors. In March, Bitlayer attracted $5 million from its investors, while Mezo just recently secured $23 million to further its development on Bitcoin.

The infographic from Coin98 Analytics categorizes these startups into various segments, including layer two (L2) projects such as Bitflow, Chainway, and Merlin Chain. It also showcases wallets like Unisat and Oyl, alongside staking protocols such as Babylon and Bouncebit. Other highlighted areas include gaming, decentralized finance (defi), bridges, APIs, launchpads, and marketplaces for non-fungible tokens (NFTs), among others.

Crypto-fundraising.info also highlights a diverse group of backers for these initiatives, including Castle Island Ventures, Geometry Research, Okx Ventures, Ribbit Capital, Pantera, Framework, Maven Capital, Portal Ventures, UTXO Management, Starkware, and Arrington Capital, among many others. Numerous other Bitcoin-focused ventures have indicated that while their fundraising announcements are pending, they anticipate these developments will occur shortly.

Source: https://news.bitcoin.com/43-bitcoin-projects-secure-key-funding-in-2024-attracting-over-127-million/