In the last week of December 2024, the blockchain sector saw significant investment activity, notably with Beam raising $72 million through a public sale aimed at furthering development within the Avalanche ecosystem. Crypto Fundraising data identified gaming and infrastructure as critical funding areas, with weekly investments reaching nearly $120 million, a decrease from the previous week’s $400 million. The highlight of the previous week was Avalanche Labs, which secured $250 million.
Beam has focused on Avalanche ecosystem development, successfully minting over 27,000 node tokens. This achievement highlights Beam’s pioneering efforts in decentralizing Layer 1 infrastructures through node sales.
Another noteworthy funding was secured by ChainOpera AI, which amassed $17 million for AI integration into Layer 1 solutions, supported by investors such as Finality, Road Capital, and IDG Capital. ChainOpera AI aims to leverage this funding to advance its blockchain and AI operating system.
Trrue Chain gained $10 million in private funding from GEM Digital, concentrating on sustainable and regulatory-compliant Layer 1 infrastructure. Similarly, Avalon Labs received $10 million in Series A funding to enhance the Bitcoin and Merlin Chain ecosystems, backed by Framework, Kenetic, and SNZ.
Usual Labs also acquired $10 million in a Series A funding, adding to a total of $18.5 million with investors like Binance Labs and Kraken Ventures. The funds will be used for developing the USD0 stablecoin.
Smaller but impactful funding rounds included Nodepay’s $7 million for AI infrastructure, Swan Chain’s $2 million for zero-knowledge solutions, RuneMine’s $2 million to expand operations in the Bitcoin and Solana ecosystems, and The Grid securing $624,000 for Solana analytics.
This concluding week of 2024 emphasized the blockchain gaming sector’s rising significance, with Beam’s extensive public sale reflecting a robust retail interest in gaming infrastructure.
