Many New Crypto, DeFi and Web3 Coinization Projects are in Pipeline Despite Still-Lukewarm Crypto Environment

Oct 25, 2022
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Venture dollars continue to flow into cryptocurrency startups, even as markets remain largely directionless.

Among the most notable recent stories, Uniswap Labs – the team behind the largest decentralized exchange (DEX), Uniswap – secured $165 million in a Series B round led by Polychain Capital, with participation from other renowned investors including Andreessen Horowitz, Paradigm, SV Angel and Variant.

That fundraise, which was the largest-ever funding round for a DeFi protocol, brought Uniswap’s total market cap to $1.66 billion.

Another interesting example, a crypto custodian Copper, managed to secure $196 million as part of its ongoing Series C round. The company has raised $181 million from new and existing shareholders. It also received a convertible debt-to-equity loan good for $15 million.

Copper’s latest fundraise was led by Barclays Ventures and Tiger Global Management. The company has previously received backing from Alan Howard, Dawn Capital and Target Global.

On a smaller scale, Web3 infrastructure companies are also being eyed by investors.

Bitgert (BRISE) has been ranked among the most disruptive blockchain projects in the crypto industry today. The Brise coin, $BRISE, has also been ranked among the most promising coins in 2022 despite its elevated volatility recently.

Here are facts about the Brise project that make it unique

The Brise team launched the first zero gas fee blockchain in the world, a chain that has addressed the high gas fee problem that Bitcoin, Ethereum, Binance, and other chains are struggling with. The BRC20 blockchain is also the most scalable chain at 100k TPS. This is one of the most notable developments that made Bitgert excel many big players in the crypto market.

There are over 1000+ projects joining the Brise chain in the next 12 months in terms of partnerships. This means apart from the roadmap products, the Bitgert ecosystem will be one of the fastest growing this year because of these projects. The massive utility is another reason behind the rising Brise’s prominence.