The top 10 largest fundraising deals in cryptocurrency history demonstrate the immense growth potential of blockchain technology and Web3.
The cryptocurrency market attracted investments of up to billions of USD, creating new opportunities and challenges for startups and global investors. Fundraising deals reflect confidence in innovation and practical applications.
MAIN CONTENT
The cryptocurrency market raised over $101 billion as of mid-2024.
Figure, FTX, Forte, and Sorare are standout Web3 projects with hundreds of millions of USD in investments.
Investment aims at financial applications, gaming, NFTs, mining, and blockchain infrastructure.
What are the 10 largest fundraising deals in the history of the Crypto industry?
According to DefiLlama data updated on June 16, 2024, Web3 projects have raised over $101.35 billion. The fundraising boom mainly occurred in late 2021 and early 2022, attracting the attention of many large investment funds such as SoftBank and Andreessen Horowitz.
Large fundraising not only reflects the industry's potential but also shows diversity in the cryptocurrency field from DeFi, gaming, to mining and blockchain network infrastructure.
What was the $1 billion deal in May 2019 for Figure?
Figure raised $1 billion to develop traditional financial solutions applied on blockchain, especially for lending and digital asset trading. Investments from WSFS Bank and Jefferies affirm the strategic vision of applying blockchain in finance.
Using blockchain to optimize traditional financial processes helps Figure clearly position itself in the rapidly growing DeFi market.
The combination of blockchain technology and traditional finance is the key to unlocking a more transparent and efficient financial future.
Stephen Ehrlich, CEO of Figure, 2019
What role did FTX's $900 million fundraising in July 2021 play in the Crypto market?
FTX was once the second-largest cryptocurrency exchange in the world in 2021 with nearly $18 billion in valuation after its fundraising round. They offered a variety of products from derivatives, spot trading, stablecoins, to the NFT market.
Although it went bankrupt in 2022, the $900 million fundraising deal featuring Sequoia Capital, SoftBank, Paradigm, etc., shows the immense influence of FTX in the market at that time.
What field does Forte (725 million USD – November 2021) focus on?
Forte is a blockchain integration platform for the gaming industry, providing an SDK that helps developers build a Web3 gaming ecosystem with tokens and NFTs. With $725 million from investors like Animoca Brands and Andreessen Horowitz, Forte drives a strong Play-to-Earn trend.
The co-founder of Forte asserts that blockchain technology will transform how players own and trade assets in games.
What did Sorare raise $680 million in September 2021 for?
Sorare builds a Fantasy Football platform on blockchain, allowing users to collect and play games with NFT cards representing real players. They hold licenses with over 300 football clubs worldwide.
The $680 million investment from SoftBank, Atomico, Benchmark, and D1 Capital raised the project's valuation to $4.3 billion, affirming its pioneering position in sports NFTs.
What is notable about Riot Platforms' $559 million fundraising in February 2024?
Riot Platforms is the leading Bitcoin mining company in the United States, listed on Nasdaq, focusing on using renewable energy to increase mining efficiency and reduce the production cost of one BTC.
With the strong price increase of Bitcoin, the $559 million investment helps Riot expand its data center infrastructure and enhance mining scale.
How did MoonPay's $555 million fundraising in November 2021 perform?
MoonPay is the leading fiat-to-crypto payment platform, enabling users to buy crypto quickly via credit cards or Apple Pay, serving major clients like OpenSea, Bitcoin.com, and Binance.
With convenience and the ability to meet global demand, the company received investments from Tiger Global, Coatue, and Paradigm to develop a crypto payment network.
Is Celsius Network's $400 million fundraising in October 2021 safe?
Celsius was once a lending and savings platform for crypto with competitive interest rates, attracting investments from CDPQ Canada and WestCap. However, the liquidity crisis led to bankruptcy in July 2022, warning of risks in DeFi.
This incident highlights the importance of transparent governance and risk management in DeFi projects.
What was Improbable's $502 million fundraising in May 2017 for?
Improbable develops metaverse technology and large-scale virtual reality simulations through Web3 infrastructure for the interactive multiplayer virtual world. Investments from SoftBank Vision Fund, a16z, and Horizons Ventures help the company build new applications and platforms for the metaverse.
Improbable is seen as the 'AWS of the Metaverse', playing a role in expanding the virtual space on blockchain.
Who is Yuga Labs – $450 million in March 2022?
Yuga Labs is the creator of the famous NFT collection Bored Ape Yacht Club, leading the Web3 cultural trend with projects like BAYC, MAYC, Otherdeed, and the Otherside metaverse.
With investment from a16z, Animoca Brands, and Coinbase Ventures, Yuga Labs reached a valuation of up to $4 billion, becoming a leading NFT icon worldwide.
What benefits did ConsenSys's $450 million fundraising in March 2022 bring?
ConsenSys is the leading software company in the Ethereum ecosystem, developing wallets like MetaMask, Infura, Truffle, and many Web3 tools. Investments from ParaFi Capital, Microsoft, and SoftBank support them in enhancing infrastructure and developing a strong Web3.
ConsenSys plays a key role in building the foundational platform for Ethereum blockchain and the cryptocurrency ecosystem.
What is the significance of summarizing the top 10 fundraising deals in the Crypto industry?
Large deals indicate the global appeal and confidence in Web3 and Blockchain, even though many projects are wildly successful, some face risks and failures due to poor governance. Crypto continues to evolve, attracting new capital and reshaping the future of global finance.
Strong fundraising proves that Blockchain technology is not just a trend but also a strategic move for the future financial industry.
Joseph Lubin, founder of ConsenSys, 2024
Frequently Asked Questions
1. How much has cryptocurrency raised?
By June 2024, Web3 projects had raised over $101 billion, a massive increase compared to $17.14 million in 2014 (according to DefiLlama).
2. Why did FTX succeed in fundraising but then go bankrupt?
FTX was once attractive due to its diverse products and large user base, but lack of transparency in governance and liquidity crisis led to its bankruptcy in November 2022.
3. What does Forte contribute to the cryptocurrency gaming industry?
Forte develops an SDK toolkit that helps developers integrate blockchain and NFTs into games, promoting the Play-to-Earn model.
4. What project is Yuga Labs famous for?
Yuga Labs is the owner of the Bored Ape Yacht Club NFT collection, making a mark in culture and the Web3 ecosystem.
5. What are the major risks in Crypto fundraising?
Risks include poor governance, lack of transparency, and liquidity crises as demonstrated by Celsius Network and FTX.
Source: https://tintucbitcoin.com/top-10-thuong-vu-goi-von-lon-nhat-lich-su-tien-dien-tu/
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