Significant investment flows into the cryptocurrency market because various blockchain projects obtain notable financial support. Fundraising events from the Phoenix Group’s data show that investors hold strong optimism about blockchain technology deployments alongside decentralized finance (DeFi) and artificial intelligence (AI) systems from the cryptocurrency domain.
The most remarkable fundraising event came when HashKey Group received $30 million through investments by KKR combined with another influx from institutional firms. HashKey Group stands out as an industry leader due to its blockchain infrastructure service expansion and financial service offerings.
Plasma obtained $20.5 million from Framework, Bitfinex, DRW venture capital, and Karatage through its blockchain-based platform. The obtained funding resources will enable the ecosystem to advance through expansion initiatives along with development programs.
Expanding Investments in Blockchain Space
Legend raised $20 million with support from Coinbase ventures and a16zcrypto. Leading investors have embraced Legend to help the platform develop more efficient blockchain security measures and scalability options.
The combination of gaming and AI projects managed to attract substantial investment support. Mango Network secured $13.5 million in funding from Kucoin ventures, Tido capital, Ainfra Ventures, and Becker ventures. The investment demonstrates how decentralized infrastructure drives market demand in the developing digital economic environment.
AI-Driven Blockchain Projects Gain Traction
StakeStone blockchain platform targeted at staking activities obtained $10 million from investors. BingX’s investment demonstrates rising market demand for staking solutions since users can generate passive income by pledging their cryptocurrency assets. GamerBoom company secured $9 million from Solana, Nvidia, Bing ventures, and Metaverse investors.Â
FrodoBots AI secured $8 million in funding from Solana ventures, Permanent ventures, Fabric, and Big Brains holdings. Businesses focus on utilizing the AI-blockchain combination to improve their data security and AI application decentralization alongside automation system development. NodeGo secured $8 million through its backup from Hash Capital to develop blockchain infrastructure solutions.
