Crypto Funding Surges: Key Investments in March
The second week of March saw a significant milestone in the crypto world. Binance secured a massive $2 billion investment, leading a wave of funding that surpassed $2.5 billion. This influx of capital primarily targeted DeFi and multi-chain solutions.
Binance’s Historic Investment
Binance received its first institutional investment from MGX, an Abu Dhabi-based firm.The $2 billion deal, conducted in stablecoins, gives MGX a stake in Binance. This move highlights the growing acceptance of blockchain in global finance.
World Liberty Financial’s Success
World Liberty Financial, linked to the Trump family, raised $550 million in its token sale. This brings its total funding close to $600 million. the project sold over 24 billion WLFI tokens, wiht 950 million still available.
Other Notable Investments
- Mesh: Raised $82 million in Series B funding, backed by Paradigm and Consensys.
- RedotPay: Secured $40 million in series A funding for payment solutions.
- Axelar Network: Raised $30 million, bringing its total funding to $143.75 million.
- Solv Protocol: Secured $10 million for a cross-ecosystem marketplace.
Smaller but significant investments include PoPP ($6 million for AI identity solutions), Aura ($5.5 million for an AI marketplace), and Captain Tsubasa: Rivals ($5 million for P2E gaming).
These investments signal a robust future for the crypto industry, with diverse projects attracting ample capital.
