Zero-knowledge startup Lagrange Labs raised $4 million in pre-seed funding for secure blockchain interoperability development, enabling decentralized apps (dApps) to function across multiple networks. However, supporting multi-chain dApps could expose unaccounted risks and vulnerabilities, necessitating careful assessment.
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Web3 Startup IYK Bags $16.8M: Booming Adoption or Overhyped Bubble?
“IYK, a startup servicing Adidas and other brands, recently raised $16.8 million in a seed round from influential Web3 venture capital firm, a16z Crypto. IYK aims to use funds to enable creators to actualize digi-physical experiences for fans using non-fungible tokens (NFTs).”