China News Today TheBitTimes.com

Author: WuBlockchain According to RootData statistics, there were 101 publicly disclosed crypto VC investment projects in April, an 11% increase from the previous month (91 projects in March 2023) and a 45% decrease year-on-year (184 projects in April 2022). Note: Since not all financings are announced in the same month, the above statistics may increase in the future. The industry’s primary classifications are as follows: In April’s crypto market, infrastructure projects accounted for about 30% of financing , DeFi 15%, CeFi 7%, and NFT/GameFi 21%. The total amount of financing in April was $790 million, a 1% increase from the previous month (March 2023, $780 million) and a 78% decrease year-on-year (April 2022, $3.61 billion). Rounds over $20 million include: LayerZero raised $120 million in a Series B round, valued at $3 billion, with 33 investors including a16z Crypto, Sequoia Capital, Circle Ventures, Samsung Next, OpenSea, and Christie’s. Previously, LayerZero completed a $135...

Join Our Telegram channel to stay up to date on breaking news coverage Polygon, one of the most promising projects of the year, has made undeniable progress toward onboarding the masses and having the infrastructure to support them amid a contagion-fueled crypto winter that has chilled VC firms, coin holders, and NFT collectors alike. In 2022, the perception of Polygon changed from being one of many Ethereum scaling networks to a platform preferred by major household brands and businesses looking to utilize Web3 technology, powering everything from customer loyalty programs to web and metaverse identity. Additionally, it made progress with its plans to use zero-knowledge proof scaling technology to support that growth. Despite the waning faith in the cryptocurrency industry brought on by the failure of Terra and, more recently, FTX, Polygon has attracted a wide range of sizable, well-known brands that are developing applications on top of the Ethereum scaler over the past few ...