The bull is back! Pay attention to the recent large-scale financing of unissued token projects

Written by: Biteye core contributor Viee Edited by: Biteye core contributor Crush

Recently, many un-coined projects have successfully raised more than 10 million US dollars, involving tracks such as AI, L2, zk, and DeFi. In this article, Biteye will introduce these 18 projects one by one, including KOL attention, investors, and financing amounts.

1. Azra Games

Raised 42 million US dollars, invested by Pantera Capital, Andreessen Horowitz, etc.

A blockchain game company that aims to create mainstream collectible and combat role-playing games.

2. Glow

Raised $30 million, invested by Framework Ventures, USV, etc.

Glow is building proof of physical work (PoPW) for carbon credits.

3. Nillion

Raised $25 million, invested by Hack VC, HashKey Capital, etc.

Build a decentralized public network based on "zero computing" to protect data privacy.

4. Atlas

Raised $21 million, invested by Haun Ventures, Paradigm, etc.

A blockchain for verifiable finance, built for financial applications with reliable transactions and near-zero transaction costs.

5. Ithaca

Raised $20 million, invested by Paradigm.

Open source L2 separated from Paradigm is developing Odyssey.

6. Bluesky

Raised $15 million, invested by Blockchain Capital, SevenX Ventures, etc.

The AT protocol is being built to enable creators to build freely independent of the platform.

7. Citrea

Raised $14 million, invested by Founders fund, Maven 11, etc.

Each transaction is fully protected by zero-knowledge proof and verified by BitVM.

8. zkPass

Raised $12.5 million, invested by Archetype, Breyer Capital, etc.

A private data protocol using 3P-TLS and hybrid ZK technology.

9. Opacity Network

Raised $12 million, invested by Archetype, Breyer Capital, etc.

Zero-knowledge proof protocol, enabling trustless information sharing and verification within minutes.

10. Solv Protocol

Raised $11 million, invested by Blockchain Capital, OKX Ventures, etc.

Decentralized Bitcoin pledge protocol.

11. delta

Raised $11 million, invested by Variant Fund, Maven 11, etc.

A network with shared state.

12. Sapien

Raised $10.5 million, invested by Variant Fund, Primitive Ventures, etc.

A scalable data labeling solution designed to advance artificial intelligence language learning models.

13. Variational

Raised $10.3 million, invested by Bain Capital Crypto, Peak XV Partners, etc.

A cryptocurrency derivatives trading protocol based on Arbitrum.

14. vlayer

Raised $10 million, invested by Andreessen Horowitz, BlockTower Capital, etc.

A trustless verifiable data infrastructure supported by zero-knowledge proof.

15. PumpBTC

Raised $10 million, invested by SevenX Ventures, Mirana Ventures, etc.

Babylon's liquid pledge solution.

16. Validation Cloud

Raised $10 million, invested by TCG.

A Web3 infrastructure platform that provides elite, high-performance nodes and staking infrastructure.

17. Mento

Raised $10 million, invested by HashKey Capital, No Limit Holdings, etc.

A stablecoin and digital asset innovation laboratory separated from cLabs (Celo).

18. PiP World

Raised $10 million, investors are not disclosed.

Web3 game and education project, launched a game called Gold Rush on Telegram.