Blockchain companies with huge funding – innovative projects Peaq, Midas, and Bob!

Blockchain Companies Peaq, Midas, and Bob Secure Funding

This week, three blockchain technology specialists have gained significant financial support, indicating a growing interest from investors in the web3 sector. Companies Peaq, Midas, and Bob have announced successful completion of funding rounds, collectively raising over $33 million.

Peaq: Decentralizing Infrastructure with $15 Million

Peaq has announced the successful closure of its Series A funding round, securing an impressive $15 million. Generative Ventures and Borderless Capital led the round, with participation from Spartan Group, HV Capital, CMCC Global, and Animoca Brands, among others.

The company aims to create an “Economy of Things” network, decentralizing physical infrastructure and systems by offering permissionless and borderless digital infrastructure for increasingly intelligent machines. Peaq provides backend functionalities for app developers, facilitating access management, AI agents, and device data verification. The Peaq ecosystem includes tools such as a machine platform and a decentralized physical infrastructure accelerator, developed in collaboration with Outlier Ventures.

Midas: Innovations for Users with $8.75 Million

Midas has raised $8.75 million for developing a protocol that tokenizes real assets as ERC-20 tokens. Framework Ventures and BlockTower led the funding round. Midas plans to introduce a stable cryptocurrency called mTBILL, enabling users to earn on US Treasury bills in the blockchain. Emphasizing its commitment to innovation, the company announced the launch of innovative products for investors.

Bob: $10 Million for Innovative Blockchain Solutions

Hybrid Network Build on Bitcoin (BOB) has secured $10 million in seed funding, led by Castle Island Ventures. Mechanism Ventures, Bankless Ventures, and prominent angel investors Dan Held and Domo also participated in the investment. The BOB project aims to introduce the first L2 Bitcoin solution with Ethereum Virtual Machine (EVM) compatibility. Based in London, the company is gearing up to launch the Fusion program, offering early access to the platform for participants.