Blockchain startups secure $258m in funding within a week, according to VC roundup

Blockchain startups had a remarkable week in terms of fundraising, raising a total of over $258 million. The standout was Farcaster, a decentralized social protocol, which secured an impressive $150 million in its series A round. This funding round, led by Paradigm, pushed Farcaster’s valuation to a staggering $1 billion, making it a unicorn in the industry. Farcaster plans to use the funds to increase its daily active users and improve its developer tools. Plume Network, a modular Layer 2 network focused on integrating real-world assets onto the blockchain, also had a successful week, raising $10 million in seed funding. Other notable startups that secured funding include Blockless, Pencils Protocol, IVX, Cysic, and RunesFi. Overall, it was a fruitful week for blockchain startups looking to expand and innovate in the industry.