Crypto’s Big Bet: Camp Network and Miden Land $25M Each as VC Money Floods Blockchain

Two blockchain projects just hit the venture capital jackpot—because nothing says ’bull market’ like nine-figure checks flying into unproven protocols.

Camp Network, an Ethereum L2 play, and Miden, a zero-knowledge rollup contender, each bagged $25 million in fresh funding. Because when TradFi sneezes, crypto VCs double down on infrastructure plays.

Meanwhile, Wall Street still thinks ’DeFi’ is a typo.

Camp Network

• Raised $25 million in a Series A round
• According to Fortune, the investment was backed by 1kx, Blockchain Capital, and OKX Ventures
• Camp Network has raised over $29 million so far

Miden

• Miden secured $25 million in a Seed round
• Investors include a16z crypto, Hack VC, and 1kx

Thru (Unto Labs)

• Raised $14.4 million in an Unknown round
• Thru has a fully diluted valuation of $140 million
• The investment was backed by Framework and Electric Capital

Dinari

• Dinari has gathered $12.7 million in a Series A round
• Investors include Hack VC, BlockChange, and VanEck
• The project has raised $22.7 million so far

🚨 Big news from Dinari 🚨

We just raised a $12.7M Series A to bring U.S. equities onchain — and make them accessible to anyone, anywhere 🧵 pic.twitter.com/VB3LFa1nih

Terminal 3

• Raised $8 million in a Seed round
• Terminal 3 investment was backed by Illuminate Financial, Titan Fund, and IDG

Terminal 3 is excited to announce a US$8 million Seed Round co-led by @IlluminateFM and @CMCC_Global’s Titan Fund to scale enterprise identity and data security solutions that empower businesses to protect their users’ privacy 🧵 pic.twitter.com/ajgnq9ocyX

Projects under $7 million

• ZAR: raised $7 million in an unknown round
• Fleek: raised $5 million in a public sale with a $75 million fully diluted valuation
• Gata (ex Aggregata): secured $4 million in Seed funding
• ROVR: bagged $2.6 million in a seed investment
• aZen Protocol: $1.2 million secured in a Seed round
• MilkyWay: Bagged $300,000 in a public sale with $15 million fully diluted valuation
• B² Network (Bsquared Network): $300,000 Public sale with $15 million fully diluted valuation