Variant Fund: Why we invested in Morpho again
Variant: We are even more enthusiastic about this project than when we first invested
![image JinseFinance](https://image.coinlive.com/24x24/cryptotwits-static/9e021fa1f8e48e84c05a9c950c3e45dd.png)
Variant: We are even more enthusiastic about this project than when we first invested
This week, 12 blockchain startups raised $63.4 million in funding. The largest round of funding was raised by Renzo, which raised $17 million. Three projects received seed and pre-seed funding, and eight projects received other rounds of funding.
This week, 34 blockchain startups raised $109.3 million in funding. The largest round was raised by Nexus, which raised $25 million. Ten projects received seed and pre-seed funding, and 22 projects received other rounds of funding.
This week, 28 blockchain startups raised $169.7 million in funding. The largest round was raised by Babylon, which raised $70 million. 13 projects received seed and pre-seed funding, and 15 projects received other rounds of funding.
I spend a lot of time researching the intersection of AI and cryptocurrency. I believe that the combination of the two is critical to making AI more fair and user-owned.
Morph is an innovative project dedicated to applying blockchain technology to everyday life. Its mission is to make blockchain technology decentralized, fair, and accessible to everyone.
On April 9, 2024, the a16z crypto research and engineering team released a preliminary implementation of Jolt, a new SNARK design approach that is 2x faster than existing techniques, with more improvements to come.
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