Venture capital and investment firms poured $201.4 million into crypto projects last week, with 11 companies announcing funding.
The two largest funding rounds were $54 million for virtual world startup Futureverse and $40 million for RISC Zero, a provider of zero-knowledge proof tools for developers.
Infrastructure projects have continued to show resilience through this week’s crypto winter, with six funding rounds falling into this category: RISC Zero, Cosmic Wire, Manta Network, Echooo Wallet, Side Protocol, and Over Protocol.
In other venture capital news this week, cryptocurrency-focused firm Polychain Capital raised $200 million in the preliminary close of its fourth venture capital fund. Polychain has not confirmed these details.