Top 5 Fundraisers in the 2nd Week of October 2023

In the world of blockchain and cryptocurrency, innovation never stops. The last seven days of October 2023 brought us some remarkable fundraising rounds from organizations pushing the boundaries of what’s possible in this space. Let’s explore the top five fundraisers from this period and learn more about their foundations, funding rounds, amounts raised, and the providers backing their endeavors.

MyShell

MyShell is a Web3-enabled AI platform that empowers users to create personalized chatbots known as “Shells.” These AI content bots can be created by creators and used by consumers. They reward both creators and consumers with tokens for their participation. Currently operating on Polygon, MyShell is planning a migration to opBNB, a Layer 2 network on the BNB Chain that leverages Optimism’s OP Stack or Optimistic rollups technology.

Round Type: Seed

Amount Raised: $5.60 million

Funders: HashKey, OP Crypto, INCE Capital, SevenX Venture, and more.

KINO Studios

KINO Studios is a fan engagement platform that connects creators and audiences, offering an immersive behind-the-scenes experience in the film industry. Through KINO, fans can engage with the cast and crew, purchase film collectibles, attend red-carpet events, and even invest in movies. KINO’s technology enhances community building and royalty processing, contributing to a more connected and equitable entertainment industry.

Round Type: Pre-seed

Amount Raised: $2 million

Funders: Near Foundation, Metaweb, Slow Ventures, Genius Ventures, and more.

Virgo Group

Virgo Group is a global entity dedicated to fostering the widespread adoption of crypto assets and blockchain technology. It operates various business lines, including regulated fiat-to-crypto trading, crypto over-the-counter (OTC) trading, and digital asset investment management. VirgoCX is a Canadian crypto trading platform, while Virgo.co is a cryptocurrency exchange available in Australia, offering diverse services such as cryptocurrency trading, investment options, and cryptocurrency payments.

Round Type: Series A

Amount Raised: $5 million

Funders: Waterdrip Capital, Skylean Capital, Nextport China.

Account Labs

Account Labs, a Singapore-based wallet provider, has developed UniPass Wallet, a user-friendly self-custody wallet for peer-to-peer stablecoin transfers. UniPass Wallet eliminates the need for complex 12-word seed phrases, allowing users to create and access their wallets through Google accounts, simplifying the onboarding process for Web3 newcomers. The wallet also leverages account abstraction for gasless transactions and plans to expand its offerings, including support for iOS and various social media logins.

Round Type: Series A

Amount Raised: $7.70 million

Funders: Amber Group, MixMarvel Venture DAO, Qiming Venture Partners.

GMX

GMX is a decentralized exchange (DEX) and perpetual exchange built on the Arbitrum Layer 2 blockchain. It offers users the ability to trade crypto assets with leverage at low fees. The platform supports unique multi-asset pools that enable liquidity providers to earn fees from market making, swap fees, and leveraged trading.

Round Type: Grants

Amount Raised: $9.85 million

Funders: Arbitrum.

In the fast-evolving world of blockchain and cryptocurrency, these organizations are making waves with their innovative solutions. Their successful fundraising rounds highlight the growing interest and investment in blockchain technology, promising a more decentralized and interconnected future.