Following Crypto VC, let’s take stock of 8 well-known VC investments: gensyn, Taiko…

Let's review 8 popular VC investments: gensyn, Taiko... (following Crypto VC)

The market’s battle for $USDT continues, and venture capitalists are investing even more in promising projects. Cryptocurrency influencer AlΞx Wacy has listed 8 projects that have raised over a million dollars in funding.

1) Gensyn, a computing protocol for machine learning that connects computing power from around the world to create a global supercluster. Participants are rewarded for their computing time and ML tasks, and task allocation and payment are facilitated through smart contracts. Raised $50.6 million in funding from investors including a16z and Protocol Labs.

2) Taiko, a decentralized Ethereum equivalent ZK-Rollup. Developers and users can use Ethereum L1 dApps on Taiko without modification. It enables easy deployment to L2 at a lower transaction fee while maintaining Ethereum’s security. Raised $22 million in funding from investors including Sequoia, OKX Ventures, and KuCoin Ventures.

• 20 Potential Projects Worth Paying Attention To
• How to prepare for a bear market in encryption? A summary of 20 “potential stocks” worth paying attention to.
• Analysis of LSDfi Leader Lybra Finance: Project Characteristics and Potential Risks

3) Connext, an interoperability protocol for fast asset transfer between blockchains. It solves the liquidity problem in L2 solutions and EVM. Currently supports 9 networks including Ethereum, Polygon, Arbitrum, and Avalanche. Raised $21.75 million in funding from investors including Polychain and Polygon.

4) Zecrey Protocol, an advanced cross-chain protocol based on zkRollup. Efficiently aggregates and manages digital assets from multiple public chains. Lightning-fast confirmation, lower fees, and privacy transactions are the main features. Raised $10 million in funding from investors including Binance Labs and The Spartan Group.

5) Fusionist, an innovative game company that utilizes blockchain technology. Currently offers three games with collectible NFTs. Their main focus is to provide highly scalable and sustainable next-generation Web3 games for global players. Raised $6.6 million in funding from investors including Binance Labs and FunPlus.

6) Catalyst, an open-source protocol for connecting modular blockchains to obtain liquidity. Automatically swaps and connects with other chains, including Ethereum and Cosmos liquidity centers. Raised $4.2 million in funding from investors including The Spartan Group and Alchemy.

7) Contango, the first open-source DEX for futures without an order book or liquidity pool. Uses existing DeFi protocols for fixed-rate lending. Offers physical delivery at expiry to prevent price manipulation. Raised $4 million in funding from investors including Coinbase Ventures, The Spartan Group, and BlockFi Capital.

8) Smilee, an innovative approach that models LPs as options sellers, transforming a volatile investment portfolio into a dynamic options investment portfolio, creating diversified payment structures. Raised $2 million in funding from investors including Dialectic, Concave, and Outlier Ventures.

Reference: https://twitter.com/wacy_time1/status/1669355141915615232

We will continue to update Blocking; if you have any questions or suggestions, please contact us!