This week, three blockchain experts weigh in on venture capital. This is perhaps an optimistic indicator that investors are once again interested in the web3 sector.
vertex
On March 27, Peaq, a layer 1 (L1) blockchain specifically designed for Decentralized Physical Infrastructure Networks (DePIN), announced a successful Series A funding round, raising $15 million.
Generative Ventures and Borderless Capital led this effort with participation from several notable investors, including Spartan Group, HV Capital, CMCC Global, and Animoca Brands.
With a vision of building an “economy of things” network, Peaq aims to decentralize physical infrastructure and systems to provide permissionless and borderless digital infrastructure for increasingly intelligent machines.
The platform provides a variety of backend features for app builders, facilitating access management, AI agents, and device data verification. The ecosystem also boasts supporting tools such as a machine platform and a decentralized physical infrastructure network accelerator in partnership with Outlier Ventures.
Peaq plans to use the funds raised to expand its ecosystem, which already hosts more than 20 DePINs. These DePINs cover industries such as mobility, energy, connectivity, environment, agriculture, and digital infrastructure.
midas
Midas raised $8.75 million in funding. Led by CEO Dennis Dinkelmeyer, the company is developing a protocol for issuing real-world assets as ERC-20 tokens.
The funding round, led by Framework Ventures and BlockTower, will fuel Midas’ expansion efforts and further development of its asset tokenization protocol.
Midas will also launch mTBILL, a stablecoin designed to allow users to earn returns from U.S. Treasury bonds on-chain. According to the company, this move has the potential to shake up the stablecoin industry, especially considering the argument that launching a stablecoin during a period of non-zero interest rates could be disruptive.
Commenting on this news, Dennis Dinkelmeyer emphasized Midas’ commitment to innovation, saying: “Midas is well-positioned to continue to provide investors with innovative products to maintain on-chain capital, especially stable capital, through its yield-generating tokens. Related defi application.”
Both Peak and Midas are headquartered in Berlin. The ability to attract funding signals growing investor confidence in the potential of blockchain technology for real-world applications and asset tokenization.
shot
Separately, a hybrid layer 2 network called Build on Bitcoin (BOB) successfully raised $10 million in seed funding.
Castle Island Ventures led the funding round. Mechanism Ventures, Bankless Ventures, renowned angel investor Dan Held, and Domo, creator of the BRC-20 token standard, all participated.
The pioneering project led by co-founder Alexei Zamyatin seeks to introduce the first Bitcoin L2 solution compatible with the Ethereum Virtual Machine (EVM).
The London-based company is also gearing up for launch. fusion The program launches on March 27th, giving participants early access to the platform.