#funding
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Crypto Startups Attract $2.7 Billion in Funding
According to a PitchBook report, crypto startups raised $2.7 billion in the second quarter of 2024 across 503 deals. This marks a 2.5% increase from the previous quarter but a 9.8% decrease from the same period last year. Additionally, the deal count fell by 12.5% from the first quarter of 2024. 
AI Company Recogni Ventures into New Territory
American company Recogni, renowned for developing technologies for autonomous vehicles, has raised $102 million in funding to venture into the creation of chips for generative AI. The investment round featured contributions from entities such as Celesta Capital, HSBC Holdings, and business figures from Saudi Arabia — Tasaru Mobility Investments. 
Chinese Rival to ChatGPT Raises an Additional $300 Million
The Chinese artificial intelligence startup Moonshot has successfully completed another funding round, attracting over $300 million and raising the company’s valuation to $3.3 billion. Notable investors include major tech and financial firms such as Tencent, Alibaba, and Gaorong Capital. 
Worldcoin Developer Eyes Investment Through WLD Token Sale
The lead developer of Worldcoin, Tools For Humanity, is considering selling WLD tokens to attract funding and is currently engaging in preliminary discussions with investors. Unofficially, it is understood that they are looking to sell these tokens at a 50-60% discount, aiming to raise $50 million. Investors Pour $12M into Sonic, the L2 Blockchain
Sonic, a second-layer gaming blockchain built on Solana, has raised $12 million in its latest funding round, reaching a diluted valuation of $100 million. Prominent venture firms like Bitkraft Ventures, Galaxy Interactive, OKX Ventures, and others participated in the investment. China Increases Funding for Chip Manufacturing
The Chinese government has launched a specialized investment fund dedicated to supporting local development and manufacturing of chips, including those designed for artificial intelligence. Since its official establishment on May 24, the fund has attracted over $47.5 billion in investments. 
Injecting Capital into Innovation: Hack VC's New Funding
Hack VC, a U.S.-based venture capital firm, has successfully amassed $150 million for investments in digital asset-related projects. The company is setting its sights on early-stage startups, with a portion of its team already operating from its New York base. 
