Crypto Sector Sees Over $400M in Key Funding Rounds
- Fantom raised $40M to expand DAG smart contracts.
- Sol Strategies secured a $500M credit facility.
- Combined $159.5M went into crypto infrastructure and AI.
The funding highlights large-scale investment confidence in the ongoing development of blockchain technologies, particularly in expanding smart contract capabilities and integrating advanced AI infrastructure.
Fantom and Sol Strategies Funding Success
Investors showed strong interest in blockchain advancements during the week. Fantom Foundation raised $40 million for DAG-based smart contracts, enabling it to scale operations and compete with others in its field.
CEO Michael Kong of Fantom led efforts in securing strategic funding for its blockchain infrastructure. The move is expected to boost the ecosystem’s transactions and development activity.
Fantom’s $40 million raise will allow us to scale our DAG-based smart contracts, making us a formidable competitor in the smart contract space. – Michael Kong, CEO, Fantom Foundation
The injection of capital into Fantom and Solana is anticipated to impact total value locked (TVL) figures directly. Enthusiasm in DeFi investment is evidenced by substantial liquidity movements this week.
Similarly, funds directed at Sol Strategies will enhance Solana’s ecosystem expansion. Such significant support from ATW Partners highlights ongoing investor confidence in decentralized finance markets.
AI and Infrastructure Innovations
Strategic investments in H100 Group emphasize a shift towards corporates securing bitcoin for treasury strategies. CEO Adam Back played a key role in leading this initiative.
Funding rounds like those for Crypto Infrastructure and AI underscore a trend toward integrating AI technologies within blockchain networks. Previous “DeFi Summer” events have shown such moves typically result in market carries and innovations.
