Blockchain-bound startups secured $1.4 billion during the third quarter, reaching over $5.4 billion in investments year-to-date. Web3 startups’ newly acquired venture capital (VC) leads to highly anticipated developments for 2025. While investors continuously target emerging markets at a crossroads with artificial intelligence and blockchain, this Web3 milestone prevails with a considerable capital flow and focuses on decentralized blockchain infrastructure.

Notable Funding Moments for October

Funding this October has experienced some significant peaks, including Glow’s $30-million fundraiser to develop a solar grid with decentralization and $25-million funding for the Nillion Network to boost its separated privacy platform. As 2025 approaches, VC firms prepare to announce new funds while prioritizing Web3. 

Recently, firms like Boon Ventures and Gate Ventures initiated a collaboration with Movement Labs to kickstart a fund dedicated to Web3 with $20 million. Another respected VC firm, Dragonfly Capital, is raising $500 million for the company’s fourth cryptocurrency fund. Throughout October, several startups have showcased their successful collections of capital.

Binance Labs Invests in Moonwalk Fitness

VC firm Binance Labs invested an undisclosed amount in Moonwalk Fitness. Moonwalk Fitness is a gamified fitness app that promotes exercise accountability through gamification and financial incentives for healthier ways of living. 

Presenting users with various fitness challenges, the app offers rewards for meeting daily exercise goals. Users have the option to stake USD Coin (USDC), Solana (SOL), or Bonk (BONK). The ultimate goal is to reach a specific step target within their group, risking some of their stake if they fail. Moonwalk Fitness exists primarily in the Solana blockchain, and this new funding can help expedite product development for its Android and iOS applications.

Craftt Raises $2 Million for Decentralized Incentives

Craftt is a platform built on decentralized infrastructure. This October, the company raised $2 million in seed funding with additional support from DCG and Superscrypt. With contributions from various angel investors, Craft aims to extend comprehensive workforce benefits, such as financial support and healthcare, utilizing the funding it received. 

The platform also empowers consultants, creators, and other freelancers to gain access to resources that only full-time employees customarily get. This startup initiates international payments while providing universal incentives to independent professionals. Leveraging network economics and confirmed “self-employed” credentials, Craftt’s newly-earned funds will accelerate the growth of their community-building endeavors and decentralized infrastructure.

Borderless.xyz Secures a $3 Million Pre-Seed

Borderless.xyz, a company designed around global payments infrastructure, raised $3 million in pre-seed funding with leading support from Amity Ventures. The company pushes to construct an up-to-date, international stablecoin payment network, leveraging its GTP (Global Transfer Protocol) to merge stablecoins, RWAs (real-world assets), and local fiat currencies across over 23 currencies in over 50 countries.

Vixichain Raises $7 Million to Merge TradFi With New Infrastructure

Vixichain, a layer-1 blockchain platform, secured $7 million through private funding. The company plans to tackle the compliance demands of conventional finance toward public blockchain networks. This funding will power Vixichain’s R&D (research and development) expansion, tactful collaborations with financial institutions, and its launches of mainnet and DevNet. The platform onboards banks, positioning them as network validators to receive transaction fees and encouraging participation.

Karpatkey Acquires $7 Million for Treasury Solution Expansion

Karpatkey raised $7 million to develop supplemental treasury solutions for decentralized autonomous organizations (DAOs) and financial institutions. The on-chain treasury management platform received this substantial funding with backing from more than 40 angel investors and VC firms, including AppWorks Ventures and Wintermute Ventures. Popular crypto public figures like Joe Lubin of Consensys also joined in to help extend Karpatkey’s services.

Axal Receives a $2.5 Million Pre-Seed

The New York-bound automation startup Axal secured $2.5 million in pre-seed funding to build an agent network for Web3 assignments. This funding round was led by CMT Digital, with additional backing from Artichoke Capital, Blockchain Builders Fund, Escape Velocity, and many others. Ashlan Ahmed, a Harvard graduate with computer science expertise, founded Axal. The Web3 startup’s first product, Axal Autopilot, is preparing for a November launch to support traders with on-chain workflows.

Variational Secures a $10.3 Million Seed for P2P Trading

Variational is a peer-to-peer (P2P) trading protocol in customizable cryptocurrency derivatives. The company secured $10.3 million in seed funding with Bain Capital Crypto and Sequoia Capital as co-leaders of the initiative. Variational also received contributions from Coinbase Ventures, Dragonfly Capital, and other VC investors. The protocol automates trade through on-chain settlement pools, liquidation and funding rate engines, and a pricing oracle with low latency. 

Moreover, Variational supports trading futures, options, and perpetual as it prepares its first application, an Omni retail platform.

Web3 Gains Prominence Ahead of 2025

As Web3 startups become relevant in the cryptocurrency market, secured funding showcases the sector’s viability as traders and investors approach 2025. With VC firms taking a greater interest in Web3, significant and successful business developments are forecasted for the new year.