From May 10 to May 17, 2025, 17 projects in the Web3 sector announced receiving investments, of which 11 projects raised $59.75 million. The leaders in funding amounts were Openverse Global and Perpl, while other projects did not disclose details of their rounds.
This is reported by Business • Media
Main Investments Received
Among the projects that received funding, the following stand out:
- Openverse Global: $11 million. The zero-level network hub team secured investments in a strategic round from DuckDAO, Castrum Capital, and Asva Capital. This funding will help accelerate the development of core protocols and expand the ecosystem.
- Perpl: $9.25 million. The decentralized exchange for trading perpetual futures raised funds in an undisclosed round, led by DragonFly Capital and Ergonia, with participation from HashKey Capital and others.
- KYD Labs: $7.1 million. The blockchain platform developing ticket sales tools received capital in a seed round from a16z CSX, Techstars, and others.
- Turtle.Club: $6.2 million. The protocol tracking liquidity provider actions secured funding during a seed round led by THEIA.
- Nirvana Labs: $6 million. The company providing blockchain node operations closed an extended seed round.
- Giza: $5.2 million. Developers of a protocol for using verified ML models raised funds in an undisclosed round.
- XSY: $5 million. The DeFi platform recorded incoming investments during a pre-Series A round.
- Onbloc: $4.33 million. The blockchain-based software development company received funding from NewTendermint.
- DoubleUp: $4 million. The GameFi project raised capital in a seed round led by Karatage.
- Vinanz: $4 million. The mining company closed an unnamed funding round.
- N1: $2 million. Developers of the L1 blockchain raised funds through a public token sale.
Additional Investments and Projects
Additionally, a number of projects received investments without disclosing details. The venture firm Castrum Capital invested in Redacted, a developer of an entertainment platform that combines blockchain and AI. Cryptocurrency exchange Coinbase also invested in the Canadian stablecoin issuer Stablecorp, aiming to accelerate the adoption of digital assets.
These investments cover various segments, including Blockchain Service, Blockchain Infrastructure, DeFi, CeFi, and GameFi. This period also highlights the activity of top funds implementing investments in cutting-edge technologies.
“In order to expand and enhance Web3 products, investors are actively contributing to the development of new projects,” analysts emphasized.