Crypto Fundraises July 20th - July 27th

Welcome to Coinfeed’s Weekly Fundraising Report!

In the week of July 24th, we found 12 rounds totaling $204.9 million, excluding those with undisclosed amounts.

Below is a breakdown of the number companies that fundraised by sector:

Data

Cymbal is a novel Ethereum block explorer designed to be fully human-readable and offer real insights into ecosystem participants, chains, NFT collections, tokens, and more. The Cymbal system uses around a hundred million data points processed by machine learning models to achieve readability, and is now in Beta. Cymbal raised a Venture Round of $18 million on July 24th from Coinbase Ventures, Solana Ventures, GV, Connect Ventures, First Round Capital, Shima Capital, UTA VC, and others.

Metaverse

Futureverse is an exploratory blockchain research and entertainment ecosystem that utilizes the latest advancements in metaverse technology (VR, decentralized communication, DeAI) to attempt to help shape the future internet users collectively envision. Futureverse has its own gamified loyalty system with enticing incentives, and an entry pass called FuturePass for user validation. Moreover, the ecosystem lives on a new blockchain called The Root Network purpose-built for UX, scalability, seamless interactions, and more. On July 18th, the project raised a Series A round of $54 million led by 10T Holdings and joined by Ripple Labs.