Happy Friday! Here are the 5 most interesting crypto fundraises for the week ending 5/16/25:

2. Openverse

“Value internet” blockchain Openverse raised $11M in a Strategic round from Castrum Capital, Asva Capital, The DuckDao, and tbv.

Openverse is a Layer-0 blockchain focused on building a decentralized "Value Internet" that enables seamless value transfer - such as tokens, NFTs, and messages - across different blockchains, metaverses, and even the traditional internet.

Connect everything!

3. KYD Labs

Web3 ticketing platform KYD Labs raised $7.1M in a Seed round led by a16z Crypto Startup Accelerator with participation from Finality Capital, TechStars, and others. 

KYD Labs is built on Solana and empowers artists and venues to control ticket sales, fan data, and revenue, addressing issues like secondary market revenue loss and lack of transparency in traditional ticketing systems. 

They plan to expand to over 100 U.S. venues by 2026 and launch two tokens, $KYD and $TIX, to strengthen its community and financial ecosystem.

Ticketing is a great use case for blockchain, not sure why it hasn’t had more traction.

4. Giza

Infra for autonomous financial markets Giza raised $2.2M in a funding round from CoinFund, Base Ecosystem Fund, Re7 Capital, and many others. 

Giza enables the creation of AI agents that execute sophisticated DeFi strategies 24/7 in a non-custodial, cryptoeconomically secure, and interoperable manner. 

I need this!

5. N1

High performance Layer 1 N1 raised $2M in a public sale hosted on Echo. 

N1 aims to deliver ultra-fast, horizontally scalable infrastructure for dapps, supporting up to 100,000 transactions per second and multi-language development including TypeScript, Rust, and C. 

The project evolved from the Layer N rollup network and is preparing for its mainnet launch.

Congrats to all the teams for their fundraises!

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1. Fleek

Decentralized cloud platform for AI agents Fleek raised $7M in a public sale on Coinlist at $75M valuation. 

Fleek is a decentralized, edge-optimized cloud platform designed for building, hosting, and scaling web3 applications, AI agents, and virtual influencers. 

Fleek aims to replace centralized cloud platforms like AWS by offering serverless hosting, decentralized storage integration, and advanced monetization tools. 

Fleek is on fleek! Do the kids still say “on fleek”? 😂