Blockchain

Blockchain startups Peak, Midas and BOB secure venture capital

This week, three blockchain experts gave their ratings to venture capital firms. This is probably a bullish indicator that investors are enthusiastic about his Web3 sector again.

peak

On March 27, Peaq, a Layer 1 (L1) blockchain specifically designed for decentralized physical infrastructure networks (DePIN), announced a successful Series A funding round, raising $15 million. did.

Generative Ventures and Borderless Capital led the effort, with participation from several notable investors including Spartan Group, HV Capital, CMCC Global, and Animoca Brands.

With a vision to create an “economy of things” network, Peaq aims to decentralize physical infrastructure and systems and provide permissionless, borderless digital infrastructure to increasingly intelligent machines.

The platform provides many backend features for app builders and facilitates access management, AI agents, and device data validation. Its ecosystem also features supporting tools such as a machine platform and distributed physical infrastructure network accelerator in partnership with Outlier Ventures.

Peaq plans to use the funds raised to expand its ecosystem, which already hosts over 20 DePINs. These DePINs include industries such as mobility, energy, connectivity, environment, agriculture, and digital infrastructure.

midas

Midas raised $8.75 million in funding. The company, led by CEO Dennis Dinkelmeyer, is developing a protocol to issue real-world assets as ERC-20 tokens.

This funding round, led by Framework Ventures and BlockTower, will fuel Midas’ expansion efforts and further development of its asset tokenization protocol.

Midas will also introduce mTBILL, a stablecoin designed to allow users to earn yield from US Treasury bills on-chain. According to the company, this move could shake up the stablecoin industry, especially given the company’s argument that issuing stablecoins during a period of zero interest rates can be disruptive.

Commenting on the news, Dennis Dinkelmeyer highlighted Midas’ commitment to innovation, saying: Related defi applications. โ€

Both Peak and Midas are based in Berlin. Their ability to raise funds shows investors’ growing confidence in blockchain technology’s potential for real-world applications and asset tokenization.

bob

Separately, a hybrid layer 2 network called Build on Bitcoin (BOB) has successfully raised $10 million in seed funding.

Castle Island Ventures led the funding round. Mechanism Ventures, Bankless Ventures, prominent angel investor Dan Held and Domo, creator of his BRC-20 token standard, all participated.

This pioneering project, led by co-founder Alexei Zamyatin, aims to introduce the first Bitcoin L2 solution compatible with the Ethereum Virtual Machine (EVM).

The London-based company fusion The program will be held on March 27th and will give participants early access to its platform.

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