Last week, eleven startups announced funding rounds as venture capital and investment firms invested $201.4 million in cryptocurrency initiatives.The highest deals were a $54 million raise for the metaverse business Futureverse and a $40 million Series A financing for RISC Zero, a provider of zero-knowledge proof tools for developers.This week, infrastructure projects shown their resistance to the crypto winter once again, as evidenced by the six financing rounds that fell into this category: RISC Zero, Cosmic Wire, Manta Network, Echooo Wallet, Side Protocol, and Over Protocol.A growing cryptographic technique for mathematically validating transactions while ensuring anonymity, zero-knowledge technologies are the focus of both RISC Zero and Manta Network.
Following the announcement of the deal, the token of one project, RDNT from Binance Labs-backed DeFi lender Radiant Capital, increased by more than 10% to 31 cents. The cryptocurrency-focused company Polychain Capital received $200 million in an initial close for its fourth venture capital fund this week, according to a story in Fortune.These specifics have not been verified by Polychain.The information in the table only pertains to funding rounds when a dollar amount was given.As of Friday, July 21 at 5 p.m. ET, the data was accurate.After that, any deal announced will be included in the roundup the following week.