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Eight crypto startups raised $72.2 million this week, with the largest sum going to a firm that\u2019s developing a cross-chain oracle solution.\u00a0<\/p>\n
Supra raised $24 million in early-stage private investing rounds from Animoca, Coinbase Ventures, HashKey and over a dozen others.\u00a0<\/p>\n
Supra\u2019s cross-chain tools are available on over 40 testnets, including Aptos, Arbitrum, BNB Chain and others, its website says. Supra will also be airdropping a native token, which will be distributed to funds, investors and node operators.\u00a0<\/p>\n
Investors this week also capitalized on the marriage of NFTs and apparel.\u00a0<\/p>\n
Web3 startup IYK, which stands for \u201cIf You Know,\u201d announced a nearly $17 million fundraise<\/a> from lead investor a16z Crypto, Collab Currency, Lattice Capital, 1kx, Synergis Capital and others.\u00a0<\/p>\n IYK\u2019s mission is to embed NFC (near-field communication) chips within merchandise or apparel items. This would allow customers to tap their smartphone on the chip and instantly confirm an item\u2019s authenticity. IYK then gives them NFTs in exchange.\u00a0<\/p>\n IYK\u2019s clients so far include V\u00c9RIT\u00c9, an independent musician, 9dcc, and Adidas. Adidas and IYK partnered<\/a> during NFT NYC 2023 for an exclusive limited shirt release that yielded 152 shirts.\u00a0<\/p>\n Rated Labs raised<\/a> more than $12 million in a Series A round. The firm is behind the Rated Network Explorer<\/a>, which keeps tabs on Ethereum beacon chain validators and provides data on participation rate, inclusion delay, and correctness percentage.<\/p>\n Archetype led the round with additional participation from Placeholder, 1confirmation, Cherry and Semantic.\u00a0<\/p>\n With the fresh cash, Rated Labs plans to improve its explorer tool, which was its first product. It also will develop a new API console and launch credentials for node operators.\u00a0<\/p>\n Separately, the team behind the soon-to-launch layer-2 network Fhenix secured $7 million in seed funding. The round was led by Multicoin Capital and Collider Ventures with added support from Node Capital, Robot Ventures, Bankless, HackVC, TaneLabs and Metaplanet, among others.<\/p>\n Fhenix plans to launch its testnet, which will employ fully homomorphic encrypted smart contracts, in early 2024.<\/p>\n Read more:<\/strong> Encryption startup Fhenix raises $7M for private computation<\/a><\/p>\n Fhenix CEO Guy Itzhaki told Blockworks FHE is different from zero-knowledge proofs, where data is moved off-chain where the decrypted message can be seen by a prover.\u00a0<\/p>\n \u201cWith FHE, it\u2019s really the first time that we can have data on-chain, encrypted, and being used as if it\u2019s non-encrypted for the sake of confidentiality,\u201d Itzhaki said.\u00a0<\/p>\n Don\u2019t miss the next big story \u2013 join our\u00a0free daily newsletter<\/a>.<\/strong><\/p>\nBeacon chain explorer, upcoming layer-2 raise funds<\/h2>\n
Other notable fundraises<\/h2>\n
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