16 crypto startups raised over $94 million, with Sound, a Web3 music marketplace, leading the way by securing $20 million in a Series A round. The project aims to provide a better model for artists to make money by allowing them to sell their music as song NFTs.

Liquid staking protocol Liquid Collective, developed by Alluvial, raised $12 million to further its enterprise-grade liquid staking solution in the market. Other notable fundraises include Artela, Lunar Crush, KTX.Finance, Olympix, Giza, Xterio, and the Web3 Foundation.