Blockchain-based Startups Continue to Secure Funding Despite Bear Market

Despite the ongoing bear market, blockchain startups are still receiving funding, with Blockaid raising $33 million in October. However, overall funding in the crypto industry has dropped to levels last seen in 2020, with investors scrutinizing projects more closely before investing. Untangled Finance raised $13.5 million for institutional-grade credit, while Nocturne raised $6 million for on-chain private accounts. Waterfall Network raised $2 million ahead of its mainnet launch, with Bytrade Lab becoming a key investor and user of its tech infrastructure.